Prime Bit Games (WAR:PBT) Receivables Turnover : 0.12 (As of Sep. 2023)

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What is Prime Bit 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. Prime Bit Games's Revenue for the three months ended in Sep. 2023 was zł0.16 Mil. Prime Bit Games's average Accounts Receivable for the three months ended in Sep. 2023 was zł1.35 Mil. Hence, Prime Bit Games's Receivables Turnover for the three months ended in Sep. 2023 was 0.12.

Prime Bit Games Receivables Turnover Historical Data

The historical data trend for Prime Bit 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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Prime Bit Games Receivables Turnover Chart

Prime Bit Games Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Receivables Turnover

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1.71

1.76

0.61

1.93

7.48

Prime Bit Games Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial															0.08	1.79	0.81	1.25	0.12

Competitive Comparison of Prime Bit Games's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Prime Bit 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.

Prime Bit Games's Receivables Turnover Distribution in the Interactive Media Industry

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

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

Prime Bit Games Receivables Turnover Calculation

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

Prime Bit 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 )
=	1.529	/ (	(0.154	+	0.255)	/	2 )
=	1.529	/	0.2045
=	7.48

Prime Bit Games's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	0.157	/ (	(1.373	+	1.328)	/	2 )
=	0.157	/	1.3505
=	0.12

Prime Bit Games (WAR:PBT) 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.

Prime Bit Games Receivables Turnover Related Terms

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Prime Bit Games (WAR:PBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Prime Bit Games SA (WAR:PBT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

ul. Juliusza Slowackiego 24/1107, Rzeszow, POL, 35-060

Website

http://www.primebitgames.com

Prime Bit Games SA is engaged in designing. creating, and publishing mobile, computer, console, and browser games. The company also provides services like porting, co development, designing graphics, and games on customer orders.