Enthusiast Gaming Holdings (TSX:EGLX) Receivables Turnover : 1.72 (As of Sep. 2023)

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What is Enthusiast Gaming Holdings 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. Enthusiast Gaming Holdings's Revenue for the three months ended in Sep. 2023 was C$45.6 Mil. Enthusiast Gaming Holdings's average Accounts Receivable for the three months ended in Sep. 2023 was C$26.5 Mil. Hence, Enthusiast Gaming Holdings's Receivables Turnover for the three months ended in Sep. 2023 was 1.72.

Enthusiast Gaming Holdings Receivables Turnover Historical Data

The historical data trend for Enthusiast Gaming Holdings'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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Enthusiast Gaming Holdings Receivables Turnover Chart

Enthusiast Gaming Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

2.13

6.04

6.88

6.55

Enthusiast Gaming Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															1.57	1.55	1.46	1.60	1.72

Competitive Comparison of Enthusiast Gaming Holdings's Receivables Turnover

For the Internet Content & Information subindustry, Enthusiast Gaming Holdings'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.

Enthusiast Gaming Holdings's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Enthusiast Gaming Holdings's Receivables Turnover falls into.

Enthusiast Gaming Holdings Receivables Turnover Calculation

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

Enthusiast Gaming Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	202.836	/ (	(30.035	+	31.894)	/	2 )
=	202.836	/	30.9645
=	6.55

Enthusiast Gaming Holdings's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	45.558	/ (	(26.608	+	26.329)	/	2 )
=	45.558	/	26.4685
=	1.72

Enthusiast Gaming Holdings (TSX:EGLX) 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.

Enthusiast Gaming Holdings Receivables Turnover Related Terms

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Enthusiast Gaming Holdings (TSX:EGLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Enthusiast Gaming Holdings Inc (TSX:EGLX) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

EGLXF:USA 2AV:Germany

Address

90 Eglinton Avenue East, Suite 805, Toronto, ON, CAN, M4P 2Y3

Website

https://www.enthusiastgaming.com

Enthusiast Gaming Holdings Inc is a gaming company building a media platform for video games and esports fans to connect and engage worldwide. Reaching over 300 million gamers every month, the company is a member of the Comscore 100 ranking of the top Internet Properties in the U.S. and the largest in the Gaming Information category on mobile devices. Combining the elements of its four core pillars; Media, Talent, Esports and Experiential, Enthusiast Gaming provides an engagement opportunity resulting in more points of connection than any other video game and esports platform, with unparalleled access to the influential and lucrative GenZ and Millennial audience. It has one segment which is digital media and entertainment. It generates a majority of its revenue from Media and content.

Enthusiast Gaming Holdings (TSX:EGLX) Headlines

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