BetMakers Technology Group (BetMakers Technology Group) Receivables Turnover : 3.24 (As of Dec. 2023)

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What is BetMakers Technology Group 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. BetMakers Technology Group's Revenue for the six months ended in Dec. 2023 was $34.38 Mil. BetMakers Technology Group's average Accounts Receivable for the six months ended in Dec. 2023 was $10.60 Mil. Hence, BetMakers Technology Group's Receivables Turnover for the six months ended in Dec. 2023 was 3.24.

BetMakers Technology Group Receivables Turnover Historical Data

The historical data trend for BetMakers Technology Group'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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BetMakers Technology Group Receivables Turnover Chart

BetMakers Technology Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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19.80

10.35

4.08

8.78

6.86

BetMakers Technology Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												4.37	4.22	2.53	2.39	3.24

Competitive Comparison of BetMakers Technology Group's Receivables Turnover

For the Gambling subindustry, BetMakers Technology Group'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.

BetMakers Technology Group's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where BetMakers Technology Group's Receivables Turnover falls into.

BetMakers Technology Group Receivables Turnover Calculation

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

BetMakers Technology Group's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	63.777	/ (	(8.234	+	10.367)	/	2 )
=	63.777	/	9.3005
=	6.86

BetMakers Technology Group's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	34.379	/ (	(10.367	+	10.831)	/	2 )
=	34.379	/	10.599
=	3.24

BetMakers Technology Group (OTCPK:TPBTF) 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.

BetMakers Technology Group Receivables Turnover Related Terms

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BetMakers Technology Group (BetMakers Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BetMakers Technology Group Ltd (OTCPK:TPBTF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BET:Australia

Address

189 Flinders Lane, Level 4, Melbourne, VIC, AUS, 3000

Website

http://www.thebetmakers.com

BetMakers Technology Group Ltd engages in the development and provision of data and analytic products. The firm operates in three segments: Global racing network, Global betting services, and Global Tote. The Global racing network segment assists racing bodies and rights holders in producing and distributing race content including services such as barrier technology, official price calculation, vision, and pricing distribution. The Global betting services segment which derives the majority of revenue provides a variety of racing data and analytical tools consisting of basic race data such as pricing, runners, and form, analytical tools. The Global Tote segment includes the provision of tote software and integrations to facilitate tote liquidity and results.

BetMakers Technology Group (BetMakers Technology Group) Headlines

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