Frozen Way (WAR:FRW) Receivables Turnover: 1.49 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:FRW Frozen Way SA WAR:FRW
86 GF Score
Price zł26.10
GF Value zł30.77
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Frozen Way Receivables Turnover?

Frozen Way WAR:FRW +0.77% 86 Receivables Turnover is 1.49 as of Mar. 2026. GuruFocus rates WAR:FRW with a GF Score™ of 86/100 and a GF Value™ of zł30.77 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 541 Interactive Media companies, Frozen Way ranks worse than 68.39% on this metric.

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. Frozen Way's Revenue for the three months ended in Mar. 2026 was zł1.73 Mil. Frozen Way's average Accounts Receivable for the three months ended in Mar. 2026 was zł1.16 Mil. Hence, Frozen Way's Receivables Turnover for the three months ended in Mar. 2026 was 1.49.


Frozen Way  (WAR:FRW) 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.


Frozen Way Receivables Turnover Related Terms


Frozen Way Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Frozen Way'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.

Frozen Way Receivables Turnover Chart

Frozen Way Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial 5.98 14.86 13.67 6.85 5.84

Frozen Way Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.40 1.15 2.01 1.90 1.49

WAR:FRW vs NTES, EA, TTWO: Receivables Turnover Comparison

For the Electronic Gaming & Multimedia subindustry, Frozen Way'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.


Frozen Way Receivables Turnover vs Interactive Media Industry

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

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


WAR:FRW
86GF Score
Frozen Way SA WAR:FRW
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frozen Way Receivables Turnover Calculation

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

Frozen Way's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=11.891 / ((2.764 + 1.309) / 2 )
=11.891 / 2.0365
=5.84

Frozen Way's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=1.732 / ((1.309 + 1.011) / 2 )
=1.732 / 1.16
=1.49

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.49 mean?
Frozen Way (WAR:FRW) has a Receivables Turnover of 1.49 as of Mar. 2026. The accounts 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. View historical data on Frozen Way and its competitors. According to the industry distribution chart, Frozen Way ranks #370 out of 541 companies in the Interactive Media industry, placing it in the top 68.4%.
Is Frozen Way's Receivables Turnover too high?
Frozen Way's current Receivables Turnover is 1.49. The Interactive Media industry median Receivables Turnover is 7.87. Frozen Way's value of 1.49 is 81.1% below this industry median. Based on the distribution chart, Frozen Way ranks #370 out of 541 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Frozen Way has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frozen Way's Receivables Turnover compare to NTES and EA?
According to the Interactive Media industry distribution chart, Frozen Way ranks #370 out of 541 companies for Receivables Turnover. This places Frozen Way in the lower half of its industry. The industry median Receivables Turnover is 7.87. Frozen Way's value of 1.49 is 81.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Interactive Media company?
The median Receivables Turnover among Interactive Media companies is 7.87, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Frozen Way's current Receivables Turnover of 1.49 is 81.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Frozen Way and its competitors. For the Interactive Media industry, the median Receivables Turnover is 7.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frozen Way's current Receivables Turnover is 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frozen Way stock overvalued right now?
Based on GuruFocus' analysis, Frozen Way (WAR:FRW) is currently considered Modestly Undervalued. The stock's GF Value™ is zł30.77, compared to a current price of zł26.10 — trading 15.2% below its estimated fair value. The current Receivables Turnover is 1.49 and 81.1% below the Interactive Media industry median of 7.87. Frozen Way's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Frozen Way (WAR:FRW), the current Receivables Turnover is 1.49 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Frozen Way (WAR:FRW) Overvalued in 2026?

Based on GuruFocus' analysis, Frozen Way stock appears to be undervalued. The current stock price of zł26.10 is trading 15.2% below its estimated GF Value™ of zł30.77. GuruFocus considers Frozen Way to be Modestly Undervalued.

Key valuation signals for WAR:FRW:

  • Receivables Turnover: 1.49
  • GF Value™: zł30.77 vs. price of zł26.10 (15.2% below fair value)
  • GF Score™: 86/100 with 4 warning signs
  • Industry Position: 81.1% below the Interactive Media median (#370 of 541)

No single metric tells the full story. See the WAR:FRW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Frozen Way Business Description

Address Armii Krajowej 25, Krakow, POL, 30-150
Frozen Way SA is a Poland-based developer of video games. It is an independent game development studio and publisher. Its game portfolio comprises House Flipper Pets, House Flipper VR, and Builder Simulator.
86GF Score

Get the complete analysis for WAR:FRW

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł26.10
Price
zł30.77
GF Value