GAMCO Investors (FRA:6JV) Receivables Turnover : 3.10 (As of Jun. 2023)

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What is GAMCO Investors 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. GAMCO Investors's Revenue for the three months ended in Jun. 2023 was €54.6 Mil. GAMCO Investors's average Accounts Receivable for the three months ended in Jun. 2023 was €17.6 Mil. Hence, GAMCO Investors's Receivables Turnover for the three months ended in Jun. 2023 was 3.10.

GAMCO Investors Receivables Turnover Historical Data

The historical data trend for GAMCO Investors'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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GAMCO Investors Receivables Turnover Chart

GAMCO Investors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.54

6.90

8.98

9.23

10.13

GAMCO Investors Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.85	2.62	2.81	3.10	-

Competitive Comparison of GAMCO Investors's Receivables Turnover

For the Asset Management subindustry, GAMCO Investors'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.

GAMCO Investors's Receivables Turnover Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, GAMCO Investors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GAMCO Investors's Receivables Turnover falls into.

GAMCO Investors Receivables Turnover Calculation

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

GAMCO Investors'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 )
=	216.288	/ (	(22.022	+	20.669)	/	2 )
=	216.288	/	21.3455
=	10.13

GAMCO Investors's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	54.615	/ (	(17.807	+	17.386)	/	2 )
=	54.615	/	17.5965
=	3.10

GAMCO Investors (FRA:6JV) 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.

GAMCO Investors Receivables Turnover Related Terms

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GAMCO Investors (FRA:6JV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » GAMCO Investors Inc (FRA:6JV) » Definitions » Receivables Turnover

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GAMI:USA

Address

191 Mason Street, Greenwich, CT, USA, 06830

Website

https://www.gabelli.com

GAMCO Investors Inc is a provider of investment advisory services to open-end funds, closed-end funds, Exchange Traded Managed Funds (ETMFs), and institutional and private wealth management investors principally in the United States. The company invests in a variety of U.S. and international securities through various investment styles including value, growth, non-market correlated, and convertible securities. Its revenues are based primarily on the company's levels of assets under management (AUM) and fees associated with our various investment products. Its AUM are organized into three groups; Open and Closed-End Funds; Institutional and Private Wealth Management; and SICAV.

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