GAMB (Gambling.com Group) Receivables Turnover : 1.83 (As of Sep. 2024)

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What is Gambling.com Group 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. Gambling.com Group's Revenue for the three months ended in Sep. 2024 was $32.1 Mil. Gambling.com Group's average Accounts Receivable for the three months ended in Sep. 2024 was $17.5 Mil. Hence, Gambling.com Group's Receivables Turnover for the three months ended in Sep. 2024 was 1.83.

Gambling.com Group Receivables Turnover Historical Data

The historical data trend for Gambling.com Group'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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Gambling.com Group Receivables Turnover Chart

Gambling.com Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

11.08

8.51

9.57

11.06

7.53

Gambling.com Group 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															1.81	1.93	1.66	1.78	1.83

Competitive Comparison of Gambling.com Group's Receivables Turnover

For the Gambling subindustry, Gambling.com Group'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.

Gambling.com Group's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Gambling.com Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gambling.com Group's Receivables Turnover falls into.

Gambling.com Group Receivables Turnover Calculation

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

Gambling.com Group'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 )
=	108.652	/ (	(9.838	+	19.012)	/	2 )
=	108.652	/	14.425
=	7.53

Gambling.com Group'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 )
=	32.118	/ (	(18.116	+	16.902)	/	2 )
=	32.118	/	17.509
=	1.83

Gambling.com Group (NAS:GAMB) 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.

Gambling.com Group Receivables Turnover Related Terms

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Gambling.com Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gambling.com Group Ltd (NAS:GAMB) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6WH:Germany

Address

22 Grenville Street, Saint Helier, Channel Islands, JEY, JE4 8PX

Website

https://www.gambling.com

Gambling.com Group Ltd is a multi-award-winning performance marketing company and a provider of digital marketing services in the online gambling industry. Its principal focus is on online casino and online sports betting and the fantasy sports industry. It generates revenue by referring online gamblers to online gambling operators.