Allied Gaming & Entertainment (FRA:2AA) Receivables Turnover : 6.30 (As of Sep. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Allied Gaming & 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. Allied Gaming & Entertainment's Revenue for the three months ended in Sep. 2024 was €1.95 Mil. Allied Gaming & Entertainment's average Accounts Receivable for the three months ended in Sep. 2024 was €0.31 Mil. Hence, Allied Gaming & Entertainment's Receivables Turnover for the three months ended in Sep. 2024 was 6.30.

Allied Gaming & Entertainment Receivables Turnover Historical Data

The historical data trend for Allied Gaming & 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.

* Premium members only.

Allied Gaming & Entertainment Receivables Turnover Chart

Allied Gaming & Entertainment Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

12.00

6.69

15.47

29.04

25.34

Allied Gaming & Entertainment Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.22	7.68	4.73	6.20	6.30

Competitive Comparison of Allied Gaming & Entertainment's Receivables Turnover

For the Entertainment subindustry, Allied Gaming & 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.

Allied Gaming & Entertainment's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Allied Gaming & Entertainment's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Allied Gaming & Entertainment's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

Allied Gaming & Entertainment Receivables Turnover Calculation

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

Allied Gaming & Entertainment's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7.02	/ (	(0.069	+	0.485)	/	2 )
=	7.02	/	0.277
=	25.34

Allied Gaming & Entertainment's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	1.95	/ (	(0.351	+	0.268)	/	2 )
=	1.95	/	0.3095
=	6.30

Allied Gaming & Entertainment (FRA:2AA) 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.

Allied Gaming & Entertainment Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Allied Gaming & Entertainment's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Allied Gaming & Entertainment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Allied Gaming & Entertainment Inc (FRA:2AA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

AGAE:USA

Address

745 Fifth Avenue, Suite 500, New York, NY, USA, 10151

Website

https://www.alliedgaming.gg

Allied Gaming & Entertainment Inc is an experiential entertainment company focused on providing a growing world of gamers with various experiences through renowned assets, products, and services.

Allied Gaming & Entertainment Headlines

No Headlines