Universal Entertainment (Universal Entertainment) Receivables Turnover : 6.45 (As of Dec. 2023)

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What is Universal Entertainment 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. Universal Entertainment's Revenue for the three months ended in Dec. 2023 was $381 Mil. Universal Entertainment's average Accounts Receivable for the three months ended in Dec. 2023 was $59 Mil. Hence, Universal Entertainment's Receivables Turnover for the three months ended in Dec. 2023 was 6.45.

Universal Entertainment Receivables Turnover Historical Data

The historical data trend for Universal Entertainment'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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Universal Entertainment Receivables Turnover Chart

Universal Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.65

10.00

9.39

12.29

16.73

Universal Entertainment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.91	4.65	7.15	7.06	6.45

Competitive Comparison of Universal Entertainment's Receivables Turnover

For the Leisure subindustry, Universal Entertainment'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.

Universal Entertainment's Receivables Turnover Distribution in the Travel & Leisure Industry

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

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

Universal Entertainment Receivables Turnover Calculation

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

Universal Entertainment'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 )
=	1243.181	/ (	(71.949	+	76.67)	/	2 )
=	1243.181	/	74.3095
=	16.73

Universal Entertainment'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	381.306	/ (	(41.523	+	76.67)	/	2 )
=	381.306	/	59.0965
=	6.45

Universal Entertainment (OTCPK:UETMF) 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.

Universal Entertainment Receivables Turnover Related Terms

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Universal Entertainment (Universal Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Universal Entertainment Corp (OTCPK:UETMF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

6425:Japan RUZ:Germany

Address

Ariake Frontier Building A, 3-7-26 Ariake Koto-ku, Tokyo, JPN, 135-0063

Website

http://www.universal-777.com

Universal Entertainment Corp is a Japanese manufacturer of gaming machines. The company's primary business, which constitutes the majority of consolidated revenue, is to manufacture and sell Pachislot and Pachinko gaming machines, and related parts and peripherals. Universal Entertainment also operates the Okada Manila casino resort in Manila Bay, Philippines. In addition to gaming operations, the company has businesses in media content, broadcasting, online games, and restaurants. The company derives the vast majority of income domestically.

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