Frontier Developments (STU:5FD) Receivables Turnover : 3.19 (As of Nov. 2023)

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What is Frontier Developments 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. Frontier Developments's Revenue for the six months ended in Nov. 2023 was €54.8 Mil. Frontier Developments's average Accounts Receivable for the six months ended in Nov. 2023 was €17.2 Mil. Hence, Frontier Developments's Receivables Turnover for the six months ended in Nov. 2023 was 3.19.

Frontier Developments Receivables Turnover Historical Data

The historical data trend for Frontier Developments'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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Frontier Developments Receivables Turnover Chart

Frontier Developments Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Receivables Turnover

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25.51

11.96

9.42

7.62

6.63

Frontier Developments Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Receivables Turnover	Get a 7-Day Free Trial															2.62	2.69	3.57	4.32	3.19

Competitive Comparison of Frontier Developments's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Frontier Developments'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.

Frontier Developments's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Frontier Developments's Receivables Turnover falls into.

Frontier Developments Receivables Turnover Calculation

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

Frontier Developments's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	120.111	/ (	(23.904	+	12.34)	/	2 )
=	120.111	/	18.122
=	6.63

Frontier Developments's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: May. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	54.793	/ (	(12.34	+	21.988)	/	2 )
=	54.793	/	17.164
=	3.19

Frontier Developments (STU:5FD) 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.

Frontier Developments Receivables Turnover Related Terms

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Frontier Developments (STU:5FD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Frontier Developments PLC (STU:5FD) » Definitions » Receivables Turnover

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FDEV:UK

Address

Milton Road, 26 Science Park, Cambridge, GBR, CB4 0FP

Website

https://www.frontier.co.uk

Frontier Developments PLC develops video games for the interactive entertainment sector. It develops games using its Cobra proprietary cross-platform technology along with industry-standard software packages, allowing code and resources developed on PC to be compiled. Its games include RollerCoaster Tycoon 3, LostWinds, Kinectimals, Kinect Disneyland Adventures and Coaster Crazy games. It has only one reportable segment: Self-Published Work. Business operations are based in the UK and its North American subsidiary, Frontier Developments Inc. in the US. The company has one operating segment, being revenue from publishing games and revenue from other streams such as royalties and licensing.

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