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Cayenne Entertainment Technology Co (ROCO:4946) Receivables Turnover : 1.94 (As of Mar. 2024)


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What is Cayenne Entertainment Technology Co 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. Cayenne Entertainment Technology Co's Revenue for the three months ended in Mar. 2024 was NT$9.49 Mil. Cayenne Entertainment Technology Co's average Accounts Receivable for the three months ended in Mar. 2024 was NT$4.89 Mil. Hence, Cayenne Entertainment Technology Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.94.

Cayenne Entertainment Technology Co Receivables Turnover Historical Data

The historical data trend for Cayenne Entertainment Technology Co'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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Cayenne Entertainment Technology Co Receivables Turnover Chart

Cayenne Entertainment Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.80 4.34 6.27 17.98 7.22

Cayenne Entertainment Technology Co 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 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 1.77 1.25 2.13 1.68 1.94

Competitive Comparison of Cayenne Entertainment Technology Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Cayenne Entertainment Technology Co'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.

Cayenne Entertainment Technology Co's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cayenne Entertainment Technology Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cayenne Entertainment Technology Co's Receivables Turnover falls into.


Cayenne Entertainment Technology Co Receivables Turnover Calculation

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

Cayenne Entertainment Technology Co'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 )
=29.732 / ((4.805 + 3.427) / 2 )
=29.732 / 4.116
=7.22

Cayenne Entertainment Technology Co'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 )
=9.488 / ((3.427 + 6.352) / 2 )
=9.488 / 4.8895
=1.94

* 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.

Cayenne Entertainment Technology Co  (ROCO:4946) 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.

Cayenne Entertainment Technology Co Receivables Turnover Related Terms

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Cayenne Entertainment Technology Co (ROCO:4946) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cayenne Entertainment Technology Co Ltd (ROCO:4946) » Definitions » Receivables Turnover
Comparable Companies
ROCO:6473 ROCO:6428 ROCO:6626 ROCO:3064 ROCO:6169 ROCO:7584 ROCO:6482 ATVI MEX:ATVI NTES TSE:7974 EA TTWO RBLX TSE:3659 TSE:9766 TSE:9697 SZSE:002555 BILI XKRX:259960
Traded in Other Exchanges
N/A
Address
Lane 583, Ruiguang Road, 3rd Floor, No. 31, Neihu District, Taipei, TWN
Website
http://www.cayennetech.com.tw
Cayenne Entertainment Technology Co Ltd is a provider of online casual games in Taiwan. It offers online air combat games, action games, shooting games, fighting games, basketball and baseball games, racing games, and dating games.

Cayenne Entertainment Technology Co (ROCO:4946) Headlines

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