Ourgame International Holdings (FRA:13O) Receivables Turnover : 3.53 (As of Jun. 2023)

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What is Ourgame International Holdings 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. Ourgame International Holdings's Revenue for the six months ended in Jun. 2023 was €20.94 Mil. Ourgame International Holdings's average Accounts Receivable for the six months ended in Jun. 2023 was €5.93 Mil. Hence, Ourgame International Holdings's Receivables Turnover for the six months ended in Jun. 2023 was 3.53.

Ourgame International Holdings Receivables Turnover Historical Data

The historical data trend for Ourgame International Holdings'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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Ourgame International Holdings Receivables Turnover Chart

Ourgame International Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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3.28

3.54

3.92

27.30

23.37

Ourgame International Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Receivables Turnover	Get a 7-Day Free Trial															12.05	15.39	16.80	19.64	3.53

Competitive Comparison of Ourgame International Holdings's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Ourgame International Holdings'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.

Ourgame International Holdings's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Ourgame International Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ourgame International Holdings's Receivables Turnover falls into.

Ourgame International Holdings Receivables Turnover Calculation

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

Ourgame International Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	29.479	/ (	(0.873	+	1.65)	/	2 )
=	29.479	/	1.2615
=	23.37

Ourgame International Holdings's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	20.935	/ (	(1.65	+	10.219)	/	2 )
=	20.935	/	5.9345
=	3.53

Ourgame International Holdings (FRA:13O) 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.

Ourgame International Holdings Receivables Turnover Related Terms

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Ourgame International Holdings (FRA:13O) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Ourgame International Holdings Ltd (FRA:13O) » Definitions » Receivables Turnover

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06899:Hong Kong

Address

1 Matheson Street, 31/F, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.ourgame.com

Ourgame International Holdings Ltd is engaged in the development and operation of online card and board, organizing and broadcasting online to offline mind-sports events, tournaments, TV shows and content. The company's products include board games, card games, mahjong games, casual games, flash games, Texas Hold'em, Fight the Landlord, mobile games, and other self-developed games. It organizes its business in three segments namely PC games, Mobile games and others which include game tournaments organized by the company. Revenue generated by the company mostly comes from China through sales of games as well as sponsorship income and other miscellaneous revenue.

Ourgame International Holdings (FRA:13O) Headlines

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