GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gold Town Games AB (NGM:GTG) » Definitions » Receivables Turnover

Gold Town Games AB (NGM:GTG) Receivables Turnover : 2.58 (As of Sep. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Gold Town Games 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. Gold Town Games AB's Revenue for the three months ended in Sep. 2024 was kr2.79 Mil. Gold Town Games AB's average Accounts Receivable for the three months ended in Sep. 2024 was kr1.08 Mil. Hence, Gold Town Games AB's Receivables Turnover for the three months ended in Sep. 2024 was 2.58.


Gold Town Games AB Receivables Turnover Historical Data

The historical data trend for Gold Town Games 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.

* Premium members only.

Gold Town Games AB Receivables Turnover Chart

Gold Town Games AB Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 3,452.33 3,507.33 26.82 10.39 7.49

Gold Town Games AB 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.87 2.96 2.93 2.81 2.58

Competitive Comparison of Gold Town Games AB's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Gold Town Games 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.


Gold Town Games AB's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gold Town Games AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gold Town Games AB's Receivables Turnover falls into.


;
;

Gold Town Games AB Receivables Turnover Calculation

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

Gold Town Games AB'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 )
=15.493 / ((2.838 + 1.297) / 2 )
=15.493 / 2.0675
=7.49

Gold Town Games AB'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 )
=2.791 / ((1.552 + 0.614) / 2 )
=2.791 / 1.083
=2.58

* 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.


Gold Town Games AB  (NGM:GTG) 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.


Gold Town Games AB Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Gold Town Games AB's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Gold Town Games AB Business Description

Traded in Other Exchanges
N/A
Address
Storgatan 53, Skelleftea, SWE, 931 30
Gold Town Games AB is a mobile games company. The company is engaged in the development, marketing and sales of mobile games, as well as carry out related activities. It has developed a hockey manager game for mobile platforms.

Gold Town Games AB Headlines

No Headlines