Champion Gaming Group (Champion Gaming Group) Receivables Turnover : 11.75 (As of Sep. 2023)

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What is Champion Gaming Group 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. Champion Gaming Group's Revenue for the three months ended in Sep. 2023 was $0.09 Mil. Champion Gaming Group's average Accounts Receivable for the three months ended in Sep. 2023 was $0.01 Mil. Hence, Champion Gaming Group's Receivables Turnover for the three months ended in Sep. 2023 was 11.75.

Champion Gaming Group Receivables Turnover Historical Data

The historical data trend for Champion Gaming Group'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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Champion Gaming Group Receivables Turnover Chart

Champion Gaming Group Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

214.00

116.00

65.53

Champion Gaming Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							20.43	26.90	28.92	26.67	11.75

Competitive Comparison of Champion Gaming Group's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Champion Gaming Group'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.

Champion Gaming Group's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Champion Gaming Group's Receivables Turnover falls into.

Champion Gaming Group Receivables Turnover Calculation

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

Champion Gaming Group'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 )
=	0.983	/ (	(0.02	+	0.01)	/	2 )
=	0.983	/	0.015
=	65.53

Champion Gaming Group'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 )
=	0.094	/ (	(0.006	+	0.01)	/	2 )
=	0.094	/	0.008
=	11.75

Champion Gaming Group (OTCPK:WGRFF) 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.

Champion Gaming Group Receivables Turnover Related Terms

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Champion Gaming Group (Champion Gaming Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Champion Gaming Group Inc (OTCPK:WGRFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

WAGR:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.championgaming.com

Champion Gaming Group Inc is a sports intelligence destination for teams, media, bettors, players, and fans. Its sports betting companies fulfil its core segments: proprietary data, advanced analytics, and expert content. The company's products are built with one simple mission - to give its customers the winning edge.

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