Nitro Games (OSTO:NITRO) Receivables Turnover : 1.82 (As of Mar. 2025)

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What is Nitro Games 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. Nitro Games's Revenue for the three months ended in Mar. 2025 was kr26.7 Mil. Nitro Games's average Accounts Receivable for the three months ended in Mar. 2025 was kr14.6 Mil. Hence, Nitro Games's Receivables Turnover for the three months ended in Mar. 2025 was 1.82.

Nitro Games Receivables Turnover Historical Data

The historical data trend for Nitro Games'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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Nitro Games Receivables Turnover Chart

Nitro Games Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.67

13.45

16.58

13.63

12.03

Nitro Games Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															2.97	2.84	3.03	2.98	1.82

Competitive Comparison of Nitro Games's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Nitro Games'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.

Nitro Games's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Nitro Games's Receivables Turnover falls into.

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Nitro Games Receivables Turnover Calculation

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

Nitro Games's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	131.038	/ (	(7.976	+	13.815)	/	2 )
=	131.038	/	10.8955
=	12.03

Nitro Games's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	26.663	/ (	(13.815	+	15.468)	/	2 )
=	26.663	/	14.6415
=	1.82

Nitro Games (OSTO:NITRO) 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.

Nitro Games Receivables Turnover Related Terms

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Nitro Games Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Nitro Games PLC (OSTO:NITRO) » Definitions » Receivables Turnover

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Address

Juha Vainion katu 2, Kotka, FIN, 48100

Website

https://www.nitrogames.com

Nitro Games PLC is a free-to-play mobile game developer and publisher. The company develops and publishes games for international distribution and sells its expertise as a service to international gaming players as part of its services business. The company specializes in action and shooter games. It has developed games such as East India Company, Commander: Conquest of the Americas, Pirates of Black Cove, Raids of Glory, and many more. Geographically, the company generates the majority of its revenue from North America. The company also generates revenue from the EU, the United Kingdom, and Other countries.

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