DigiPlus Interactive (PHS:PLUS) Receivables Turnover : 4.12 (As of Mar. 2024)

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What is DigiPlus Interactive 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. DigiPlus Interactive's Revenue for the three months ended in Mar. 2024 was ₱13,633 Mil. DigiPlus Interactive's average Accounts Receivable for the three months ended in Mar. 2024 was ₱3,307 Mil. Hence, DigiPlus Interactive's Receivables Turnover for the three months ended in Mar. 2024 was 4.12.

DigiPlus Interactive Receivables Turnover Historical Data

The historical data trend for DigiPlus Interactive'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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DigiPlus Interactive Receivables Turnover Chart

DigiPlus Interactive Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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11.88

3.53

3.23

11.01

17.19

DigiPlus Interactive Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.10	3.84	5.68	6.60	4.12

Competitive Comparison of DigiPlus Interactive's Receivables Turnover

For the Gambling subindustry, DigiPlus Interactive'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.

DigiPlus Interactive's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, DigiPlus Interactive's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DigiPlus Interactive's Receivables Turnover falls into.

DigiPlus Interactive Receivables Turnover Calculation

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

DigiPlus Interactive'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 )
=	27251.051	/ (	(881.408	+	2289.797)	/	2 )
=	27251.051	/	1585.6025
=	17.19

DigiPlus Interactive's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	13632.961	/ (	(2289.797	+	4323.651)	/	2 )
=	13632.961	/	3306.724
=	4.12

DigiPlus Interactive (PHS:PLUS) 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.

DigiPlus Interactive Receivables Turnover Related Terms

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DigiPlus Interactive (PHS:PLUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » DigiPlus Interactive Corp (PHS:PLUS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, 26th Floor, West Tower, PSE Center, Barangay San Antonio, Pasig City, PHL, 1605

Website

https://www.lrwc.com.ph

DigiPlus Interactive Corp, formerly Leisure & Resorts World Corp is engaged in the business of leisure. The company operates in four segments: The network and license segment's primary activity is licensing of operators engaged in interactive gaming, as well as the establishment and setup of all the gaming infrastructures required in connection with the development, operation and conduct of internet server, telecommunication network, gaming enterprises, and other systems facilities. The casino group is involved in hotel operation and casino marketing, junket operations, and arcade leasing. The retail segment consists of venues providing amusements and recreation facilities. The property segment includes integrated resort operators and investment.