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Adventure Box Technology AB (OSTO:ADVBOX) Receivables Turnover : 0.22 (As of Mar. 2024)


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What is Adventure Box Technology AB 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. Adventure Box Technology AB's Revenue for the three months ended in Mar. 2024 was kr0.19 Mil. Adventure Box Technology AB's average Accounts Receivable for the three months ended in Mar. 2024 was kr0.82 Mil. Hence, Adventure Box Technology AB's Receivables Turnover for the three months ended in Mar. 2024 was 0.22.


Adventure Box Technology AB Receivables Turnover Historical Data

The historical data trend for Adventure Box Technology AB'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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Adventure Box Technology AB Receivables Turnover Chart

Adventure Box Technology AB Annual Data
Trend Aug17 Aug18 Aug19 Dec20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial 0.77 - 1.44 - 0.81

Adventure Box Technology AB Quarterly Data
Aug18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.23 0.59 0.60 0.22

Competitive Comparison of Adventure Box Technology AB's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Adventure Box Technology AB'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.


Adventure Box Technology AB's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Adventure Box Technology AB's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Adventure Box Technology AB's Receivables Turnover falls into.



Adventure Box Technology AB Receivables Turnover Calculation

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

Adventure Box Technology AB'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 )
=0.96 / ((0 + 1.182) / 1 )
=0.96 / 1.182
=0.81

Adventure Box Technology AB'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=0.185 / ((1.252 + 0.396) / 2 )
=0.185 / 0.824
=0.22

* 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.


Adventure Box Technology AB  (OSTO:ADVBOX) 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.


Adventure Box Technology AB Receivables Turnover Related Terms

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Adventure Box Technology AB (OSTO:ADVBOX) Business Description

Traded in Other Exchanges
Address
Sveavagen 166, Stockholm, SWE, 113 46
Adventure Box Technology AB is an online game provider. The company provides an online platform where users can make, share and play 3D games. It offers s KoGaMa, a social cloud platform for user-created computer games, which makes it easy and fun to create, share and play 3D games online.

Adventure Box Technology AB (OSTO:ADVBOX) Headlines

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