Paradox Interactive AB (OSTO:PDX) Receivables Turnover : 1.52 (As of Mar. 2024)

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What is Paradox Interactive 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. Paradox Interactive AB's Revenue for the three months ended in Mar. 2024 was kr482 Mil. Paradox Interactive AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr318 Mil. Hence, Paradox Interactive AB's Receivables Turnover for the three months ended in Mar. 2024 was 1.52.

Paradox Interactive AB Receivables Turnover Historical Data

The historical data trend for Paradox Interactive 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.

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Paradox Interactive AB Receivables Turnover Chart

Paradox Interactive AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.68

8.41

9.32

10.02

8.55

Paradox Interactive AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.15	3.47	1.87	3.45	1.52

Competitive Comparison of Paradox Interactive AB's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Paradox Interactive 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.

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

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

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

Paradox Interactive AB Receivables Turnover Calculation

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

Paradox Interactive 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 )
=	2642.107	/ (	(259.948	+	358.219)	/	2 )
=	2642.107	/	309.0835
=	8.55

Paradox Interactive AB's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	482.099	/ (	(358.219	+	278.098)	/	2 )
=	482.099	/	318.1585
=	1.52

Paradox Interactive AB (OSTO:PDX) 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.

Paradox Interactive AB Receivables Turnover Related Terms

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Paradox Interactive AB (OSTO:PDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Paradox Interactive AB (OSTO:PDX) » Definitions » Receivables Turnover

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Traded in Other Exchanges

PRXXF:USA 0GDU:UK ETA:Germany

Address

Magnus Ladulasgatan 4, Stockholm, SWE, SE-118 66

Website

https://www.paradoxinteractive.com

Paradox Interactive AB is a Swedish company. It is engaged in the development and publishing of PC-based games. The company's product portfolio includes franchise brands such as g Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny and Magicka. Paradox is also involved in the publishing and internal development of games and licensing of White Wolf's brands. The company distributes its games through the digital platform Steam as well as on Apple, Google Play, and Sony stores. It operates its business across the world. The majority of the company's revenue comes from the United States.