Super Group (SGHC) (Super Group (SGHC)) Receivables Turnover : 4.33 (As of Mar. 2024)

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What is Super Group (SGHC) 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. Super Group (SGHC)'s Revenue for the three months ended in Mar. 2024 was $412 Mil. Super Group (SGHC)'s average Accounts Receivable for the three months ended in Mar. 2024 was $95 Mil. Hence, Super Group (SGHC)'s Receivables Turnover for the three months ended in Mar. 2024 was 4.33.

Super Group (SGHC) Receivables Turnover Historical Data

The historical data trend for Super Group (SGHC)'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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Super Group (SGHC) Receivables Turnover Chart

Super Group (SGHC) Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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39.16

36.18

27.89

29.02

41.32

Super Group (SGHC) Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											4.28	3.00	2.53	3.74	4.33

Competitive Comparison of Super Group (SGHC)'s Receivables Turnover

For the Gambling subindustry, Super Group (SGHC)'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.

Super Group (SGHC)'s Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Super Group (SGHC)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Super Group (SGHC)'s Receivables Turnover falls into.

Super Group (SGHC) Receivables Turnover Calculation

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

Super Group (SGHC)'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 )
=	1566.104	/ (	(30.684	+	45.113)	/	2 )
=	1566.104	/	37.8985
=	41.32

Super Group (SGHC)'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 )
=	412.229	/ (	(45.113	+	145.305)	/	2 )
=	412.229	/	95.209
=	4.33

Super Group (SGHC) (NYSE:SGHC) 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.

Super Group (SGHC) Receivables Turnover Related Terms

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Super Group (SGHC) (Super Group (SGHC)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Super Group (SGHC) Ltd (NYSE:SGHC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kingsway House, Havilland Street, St Peter Port, GGY, GY1 2QE

Website

https://www.sghc.com

Super Group (SGHC) Ltd is the holding company for global online sports betting and gaming businesses. The company's reportable segments are Betway and Spin. Majority of revenue is generated from Betway segment. Betway segment is single brand online sportsbook focused business with a global footprint and strategic partnerships with teams and leagues worldwide. Betway additionally recovers sponsorship marketing spend through brand license agreements.