Vivid Seats (Vivid Seats) Receivables Turnover : 2.98 (As of Mar. 2024)

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What is Vivid Seats 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. Vivid Seats's Revenue for the three months ended in Mar. 2024 was $190.85 Mil. Vivid Seats's average Accounts Receivable for the three months ended in Mar. 2024 was $64.07 Mil. Hence, Vivid Seats's Receivables Turnover for the three months ended in Mar. 2024 was 2.98.

Vivid Seats Receivables Turnover Historical Data

The historical data trend for Vivid Seats'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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Vivid Seats Receivables Turnover Chart

Vivid Seats Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

18.76

1.16

12.41

16.52

15.01

Vivid Seats Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												3.88	3.56	3.39	3.22	2.98

Competitive Comparison of Vivid Seats's Receivables Turnover

For the Internet Content & Information subindustry, Vivid Seats'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.

Vivid Seats's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Vivid Seats's Receivables Turnover falls into.

Vivid Seats Receivables Turnover Calculation

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

Vivid Seats'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 )
=	712.879	/ (	(36.531	+	58.481)	/	2 )
=	712.879	/	47.506
=	15.01

Vivid Seats'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 )
=	190.852	/ (	(58.481	+	69.649)	/	2 )
=	190.852	/	64.065
=	2.98

Vivid Seats (NAS:SEATW) 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.

Vivid Seats Receivables Turnover Related Terms

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Vivid Seats (Vivid Seats) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Vivid Seats Inc (NAS:SEATW) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SEAT:USA

Address

24 E. Washington Street, Suite 900, Chicago, IL, USA, 60602

Website

https://www.vividseats.com

Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy. It operates in two segments namely marketplace and resale.