Spin Master (Spin Master) Receivables Turnover : 0.90 (As of Mar. 2024)

View and export this data going back to 2015. Start your Free Trial

What is Spin Master 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. Spin Master's Revenue for the three months ended in Mar. 2024 was $316 Mil. Spin Master's average Accounts Receivable for the three months ended in Mar. 2024 was $350 Mil. Hence, Spin Master's Receivables Turnover for the three months ended in Mar. 2024 was 0.90.

Spin Master Receivables Turnover Historical Data

The historical data trend for Spin Master'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.

Spin Master Receivables Turnover Chart

Spin Master Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

4.96

4.85

6.49

6.09

5.25

Spin Master 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															1.11	1.87	1.99	1.17	0.90

Competitive Comparison of Spin Master's Receivables Turnover

For the Leisure subindustry, Spin Master'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.

Spin Master's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Spin Master's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Spin Master's Receivables Turnover falls into.

Spin Master Receivables Turnover Calculation

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

Spin Master'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 )
=	1904.9	/ (	(311	+	414.4)	/	2 )
=	1904.9	/	362.7
=	5.25

Spin Master'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 )
=	316.2	/ (	(414.4	+	285.9)	/	2 )
=	316.2	/	350.15
=	0.90

Spin Master (OTCPK:SNMSF) 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.

Spin Master Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Spin Master's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Spin Master (Spin Master) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Spin Master Corp (OTCPK:SNMSF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SP9:Germany TOY:Canada

Address

225 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.spinmaster.com

Spin Master is a children's entertainment company operating in the just over $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, preschool and dolls & interactive, and activities, games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Swimways, and Melissa & Doug (which is set to come on board in 2024). The company has global reach, with more than 30 offices in nearly 20 countries and sales in over 100 markets.