Ultimate Games (WAR:ULG) Receivables Turnover : 2.93 (As of Sep. 2024)

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What is Ultimate 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. Ultimate Games's Revenue for the three months ended in Sep. 2024 was zł6.43 Mil. Ultimate Games's average Accounts Receivable for the three months ended in Sep. 2024 was zł2.19 Mil. Hence, Ultimate Games's Receivables Turnover for the three months ended in Sep. 2024 was 2.93.

Ultimate Games Receivables Turnover Historical Data

The historical data trend for Ultimate 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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Ultimate Games Receivables Turnover Chart

Ultimate Games Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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11.21

7.83

8.67

7.57

6.76

Ultimate Games Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.18	1.13	1.67	2.58	2.93

Competitive Comparison of Ultimate Games's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Ultimate 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.

Ultimate Games's Receivables Turnover Distribution in the Interactive Media Industry

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

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

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Ultimate Games Receivables Turnover Calculation

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

Ultimate Games'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 )
=	27.162	/ (	(4.006	+	4.025)	/	2 )
=	27.162	/	4.0155
=	6.76

Ultimate 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 )
=	6.427	/ (	(2.135	+	2.249)	/	2 )
=	6.427	/	2.192
=	2.93

Ultimate Games (WAR:ULG) 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.

Ultimate Games Receivables Turnover Related Terms

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Ultimate Games Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Ultimate Games SA (WAR:ULG) » Definitions » Receivables Turnover

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Address

ul. Marszalkowska 87/102, Warsaw, POL, 00-683

Website

https://www.ultimate-games.com

Ultimate Games SA is a Polish company that operates in the video games market. It is engaged in the production and distribution of games for desktops, mobile devices, and consoles. It develops games on fishing, hunting, and hobby including Ultimate fishing simulator, Pro 2018 Fishing, Priest, Bouncy BOB, Darkest hunters, Earthworms, and The Worst Day Ever.

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