Ten Square Games (WAR:TEN) Receivables Turnover : 2.83 (As of Sep. 2024)

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What is Ten Square Games 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. Ten Square Games's Revenue for the three months ended in Sep. 2024 was zł94.0 Mil. Ten Square Games's average Accounts Receivable for the three months ended in Sep. 2024 was zł33.3 Mil. Hence, Ten Square Games's Receivables Turnover for the three months ended in Sep. 2024 was 2.83.

Ten Square Games Receivables Turnover Historical Data

The historical data trend for Ten Square Games'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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Ten Square Games Receivables Turnover Chart

Ten Square Games Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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15.35

16.92

13.53

13.21

11.75

Ten Square Games Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.11	2.87	2.66	2.80	2.83

Competitive Comparison of Ten Square Games's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Ten Square Games'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.

Ten Square Games's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Ten Square Games's Receivables Turnover falls into.

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Ten Square Games Receivables Turnover Calculation

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

Ten Square Games'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 )
=	436.076	/ (	(35.281	+	38.937)	/	2 )
=	436.076	/	37.109
=	11.75

Ten Square Games's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	93.979	/ (	(33.742	+	32.76)	/	2 )
=	93.979	/	33.251
=	2.83

Ten Square Games (WAR:TEN) 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.

Ten Square Games Receivables Turnover Related Terms

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Ten Square Games Business Description

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1HQ:Germany

Address

ul. Dlugosza 60, Wroclaw, POL, 51-162

Website

https://www.tensquaregames.com

Ten Square Games SA is a developer of free-to-play mobile games with a focus on hobby genres, including fishing, hunting, and aviation. The company's portfolio includes popular titles such as Fishing Clash, Hunting Clash, and Wings of Heroes.