ENADF (Enad Global 7 AB) Receivables Turnover : 2.41 (As of Dec. 2024)

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What is Enad Global 7 AB 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. Enad Global 7 AB's Revenue for the three months ended in Dec. 2024 was $60.8 Mil. Enad Global 7 AB's average Accounts Receivable for the three months ended in Dec. 2024 was $25.2 Mil. Hence, Enad Global 7 AB's Receivables Turnover for the three months ended in Dec. 2024 was 2.41.

Enad Global 7 AB Receivables Turnover Historical Data

The historical data trend for Enad Global 7 AB'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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Enad Global 7 AB Receivables Turnover Chart

Enad Global 7 AB Annual Data

Trend

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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7.36

10.29

7.26

10.04

9.03

Enad Global 7 AB Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.07	2.28	1.57	1.85	2.41

Competitive Comparison of Enad Global 7 AB's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Enad Global 7 AB'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.

Enad Global 7 AB's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Enad Global 7 AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Enad Global 7 AB's Receivables Turnover falls into.

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Enad Global 7 AB Receivables Turnover Calculation

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

Enad Global 7 AB's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	175.066	/ (	(15.169	+	23.605)	/	2 )
=	175.066	/	19.387
=	9.03

Enad Global 7 AB'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: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	60.838	/ (	(26.796	+	23.605)	/	2 )
=	60.838	/	25.2005
=	2.41

Enad Global 7 AB (OTCPK:ENADF) 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.

Enad Global 7 AB Receivables Turnover Related Terms

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Enad Global 7 AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enad Global 7 AB (OTCPK:ENADF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EG7:Sweden 0SG:Germany

Address

Sveavagen 17, 5th Floor, Stockholm, SWE, 111 57

Website

https://www.enadglobal7.com

Enad Global 7 AB operates within the gaming industry developing, marketing, publishing, and distributing PC, console, and mobile games to the gaming market. The company's game developers develop its original IPs, as well as act as consultants to other publishers around the world through its game development divisions Daybreak Games, Piranha Games, Toadman Studios, and Big Blue Bubble. In addition, the company's marketing department Petrol has contributed to the release of many titles, of which many are brands such as Call of Duty, Destiny, Dark Souls, and Rage. The company's reportable segments are; Daybreak which generates key revenue, Big Blue Bubble, Piranha, Toadman, Petrol, and Fireshine. Geographically, it derives key revenue from North America.