Drago Entertainment (WAR:DGE) Receivables Turnover : 1.55 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Drago 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. Drago Entertainment's Revenue for the three months ended in Dec. 2023 was zł2.64 Mil. Drago Entertainment's average Accounts Receivable for the three months ended in Dec. 2023 was zł1.71 Mil. Hence, Drago Entertainment's Receivables Turnover for the three months ended in Dec. 2023 was 1.55.

Drago Entertainment Receivables Turnover Historical Data

The historical data trend for Drago 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.

* Premium members only.

Drago Entertainment Receivables Turnover Chart

Drago Entertainment Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

43.56

20.36

21.15

7.42

6.07

Drago Entertainment Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											1.95	1.39	2.20	1.82	1.55

Competitive Comparison of Drago Entertainment's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Drago 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.

Drago Entertainment's Receivables Turnover Distribution in the Interactive Media Industry

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

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

Drago Entertainment Receivables Turnover Calculation

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

Drago 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 )
=	12.019	/ (	(2.286	+	1.673)	/	2 )
=	12.019	/	1.9795
=	6.07

Drago 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 )
=	2.642	/ (	(1.738	+	1.673)	/	2 )
=	2.642	/	1.7055
=	1.55

Drago Entertainment (WAR:DGE) 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.

Drago Entertainment Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Drago Entertainment's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Drago Entertainment (WAR:DGE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Drago Entertainment SA (WAR:DGE) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

65M:Germany

Address

ul. Alba?ska 3, Krakow, POL, 30-662

Website

http://www.drago-entertainment.com

Drago Entertainment SA is a gaming company. The company has delivered great, innovative games such as Oil Tycoon 2, Cold Zero - The last Stand, Hell-Copter/Vulture. It is focused on creating and developing its own projects.

Drago Entertainment (WAR:DGE) Headlines

No Headlines