Gumi (TSE:3903) Receivables Turnover : 1.72 (As of Jan. 2024)

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What is Gumi 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. Gumi's Revenue for the three months ended in Jan. 2024 was 円2,819 Mil. Gumi's average Accounts Receivable for the three months ended in Jan. 2024 was 円1,638 Mil. Hence, Gumi's Receivables Turnover for the three months ended in Jan. 2024 was 1.72.

Gumi Receivables Turnover Historical Data

The historical data trend for Gumi'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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Gumi Receivables Turnover Chart

Gumi Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Receivables Turnover

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8.24

7.79

10.34

9.02

6.22

Gumi Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Receivables Turnover	Get a 7-Day Free Trial															1.93	1.78	2.13	1.72	1.78

Competitive Comparison of Gumi's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Gumi'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.

Gumi's Receivables Turnover Distribution in the Interactive Media Industry

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

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

Gumi Receivables Turnover Calculation

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

Gumi's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

	Receivables Turnover (A: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2024 )	/ (	(Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Apr. 2024 ))	/	count )
=	12066.565	/ (	(1696.053	+	2183.32)	/	2 )
=	12066.565	/	1939.6865
=	6.22

Gumi's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	2818.9	/ (	(1635.902	+	1639.768)	/	2 )
=	2818.9	/	1637.835
=	1.72

Gumi (TSE:3903) 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.

Gumi Receivables Turnover Related Terms

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Gumi (TSE:3903) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Gumi Inc (TSE:3903) » Definitions » Receivables Turnover

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1G9:Germany

Address

Nishi-Shinjuku 4-34-7, 3rd floor, Sumitomo Fudosan Nishi-Shinjuku Building No. 5, Shinjuku-ku, Tokyo, JPN, 160-0023

Website

http://www.gu3.co.jp

Gumi Inc is an entertainment company, which develops, operates, and distributes online games for smartphones and tablets. It provides native application services, game contents can be downloaded from apple store without browser; browser game services, game can be played on the mobile terminal browser, as well as publishing services, in which the company performs localization of game content developed by third parties and then sell them through its various sales channels. In addition, the firm offers VR (Virtual Reality) services.

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