Betr Entertainment (ASX:BBT) Receivables Turnover : 45.52 (As of Dec. 2024)

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What is Betr Entertainment Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Betr Entertainment's Revenue for the six months ended in Dec. 2024 was A$61.54 Mil. Betr Entertainment's average Accounts Receivable for the six months ended in Dec. 2024 was A$1.35 Mil. Hence, Betr Entertainment's Receivables Turnover for the six months ended in Dec. 2024 was 45.52.

Betr Entertainment Receivables Turnover Historical Data

The historical data trend for Betr Entertainment's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Betr Entertainment Receivables Turnover Chart

Betr Entertainment Annual Data

Trend

Jun22

Jun23

Jun24

Receivables Turnover

496.67

327.83

150.14

Betr Entertainment Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial			84.49	84.44	74.48	62.41	45.52

Competitive Comparison of Betr Entertainment's Receivables Turnover

For the Gambling subindustry, Betr Entertainment's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Betr Entertainment's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Betr Entertainment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Betr Entertainment's Receivables Turnover falls into.

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Betr Entertainment Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Betr Entertainment's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Receivables Turnover (A: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2024 )	/ (	(Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Jun. 2024 ))	/	count )
=	64.109	/ (	(0.219	+	0.635)	/	2 )
=	64.109	/	0.427
=	150.14

Betr Entertainment's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	61.54	/ (	(0.635	+	2.069)	/	2 )
=	61.54	/	1.352
=	45.52

Betr Entertainment (ASX:BBT) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Betr Entertainment Receivables Turnover Related Terms

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Betr Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Betr Entertainment Ltd (ASX:BBT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in offering sports and racing betting products and services to online and telephone clients, via its online wagering platform and mobile applications. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue. It is organized into three operating segments; Australia which derives key revenue, North America, and Corporate.

Betr Entertainment Headlines

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