Devolver Digital (LSE:DEVO) Receivables Turnover : 7.52 (As of Dec. 2023)

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What is Devolver Digital 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. Devolver Digital's Revenue for the six months ended in Dec. 2023 was £38.30 Mil. Devolver Digital's average Accounts Receivable for the six months ended in Dec. 2023 was £5.10 Mil. Hence, Devolver Digital's Receivables Turnover for the six months ended in Dec. 2023 was 7.52.

Devolver Digital Receivables Turnover Historical Data

The historical data trend for Devolver Digital'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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Devolver Digital Receivables Turnover Chart

Devolver Digital Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.25

17.44

6.22

15.55

51.64

Devolver Digital Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial					4.43	3.25	7.95	5.83	7.52

Competitive Comparison of Devolver Digital's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Devolver Digital'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.

Devolver Digital's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Devolver Digital's Receivables Turnover falls into.

Devolver Digital Receivables Turnover Calculation

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

Devolver Digital'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 )
=	72.961	/ (	(2.277	+	0.549)	/	2 )
=	72.961	/	1.413
=	51.64

Devolver Digital's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	38.298	/ (	(9.641	+	0.549)	/	2 )
=	38.298	/	5.095
=	7.52

Devolver Digital (LSE:DEVO) 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.

Devolver Digital Receivables Turnover Related Terms

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Devolver Digital (LSE:DEVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Devolver Digital Inc (LSE:DEVO) » Definitions » Receivables Turnover

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8CO:Germany

Address

251 Little Falls Drive, Wilmington, New Castle County, DE, USA, 19808

Website

https://www.devolverdigital.com

Devolver Digital Inc is engaged in the business of gaming. Some of its games include Cut the Lamb, Shadow Warrior 3, Terra Nil, Death's Door, Boomerang X, Wizard with Gun, Loop Hero, Olija, and Serious Sam 4.

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