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NetEnt AB (OSTO:NET IL B.PFD) Receivables Turnover : 1.83 (As of Sep. 2020)


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What is NetEnt 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. NetEnt AB's Revenue for the three months ended in Sep. 2020 was kr510.44 Mil. NetEnt AB's average Accounts Receivable for the three months ended in Sep. 2020 was kr279.60 Mil. Hence, NetEnt AB's Receivables Turnover for the three months ended in Sep. 2020 was 1.83.


NetEnt AB Receivables Turnover Historical Data

The historical data trend for NetEnt 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.

NetEnt AB Receivables Turnover Chart

NetEnt AB Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.54 15.34 15.15 16.44 9.76

NetEnt AB Quarterly Data
Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20
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 3.73 2.45 1.51 1.51 1.83

Competitive Comparison of NetEnt AB's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, NetEnt 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.


NetEnt AB's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where NetEnt AB's Receivables Turnover falls into.



NetEnt AB Receivables Turnover Calculation

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

NetEnt AB's Receivables Turnover for the fiscal year that ended in Dec. 2019 is calculated as

Receivables Turnover (A: Dec. 2019 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2019 ) / ((Accounts Receivable (A: Dec. 2018 ) + Accounts Receivable (A: Dec. 2019 )) / count )
=1766.732 / ((102.769 + 259.384) / 2 )
=1766.732 / 181.0765
=9.76

NetEnt AB's Receivables Turnover for the quarter that ended in Sep. 2020 is calculated as

Receivables Turnover (Q: Sep. 2020 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2020 ) / ((Accounts Receivable (Q: Jun. 2020 ) + Accounts Receivable (Q: Sep. 2020 )) / count )
=510.44 / ((326.753 + 232.454) / 2 )
=510.44 / 279.6035
=1.83

* 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.


NetEnt AB  (OSTO:NET IL B.PFD) 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.


NetEnt AB Receivables Turnover Related Terms

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NetEnt AB (OSTO:NET IL B.PFD) Business Description

Traded in Other Exchanges
N/A
Address
Vasagatan 16, Stockholm, SWE, SE-111 20
NetEnt AB is a Swedish company that is involved in the entertainment business and primarily develops and sells casino systems and game applications. The company's gaming portfolio comprises various game categories, including video slots, the firm's most popular category; branded games; live casino; table games; video poker; lottery and other; mini games; and pooled jackpot games. NetEnt and its customers, which are casino operators, work according to a partnership model where gaming operators pay a monthly license fee to NetEnt calculated as a percentage of the game win generated by NetEnt's games. Outside Sweden, the firm has expanded across Europe, namely in Spain and the United Kingdom, as well as New Jersey in the United States.

NetEnt AB (OSTO:NET IL B.PFD) Headlines

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