Playtika Holding (STU:8II) Receivables Turnover : 3.80 (As of Mar. 2024)

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What is Playtika Holding 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. Playtika Holding's Revenue for the three months ended in Mar. 2024 was €599 Mil. Playtika Holding's average Accounts Receivable for the three months ended in Mar. 2024 was €158 Mil. Hence, Playtika Holding's Receivables Turnover for the three months ended in Mar. 2024 was 3.80.

Playtika Holding Receivables Turnover Historical Data

The historical data trend for Playtika Holding'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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Playtika Holding Receivables Turnover Chart

Playtika Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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16.91

17.77

19.58

18.97

16.21

Playtika Holding Quarterly Data
	Dec18	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															4.11	3.80	3.87	3.71	3.80

Competitive Comparison of Playtika Holding's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Playtika Holding'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.

Playtika Holding's Receivables Turnover Distribution in the Interactive Media Industry

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

* The bar in red indicates where Playtika Holding's Receivables Turnover falls into.

Playtika Holding Receivables Turnover Calculation

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

Playtika Holding'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 )
=	2353.939	/ (	(133.198	+	157.265)	/	2 )
=	2353.939	/	145.2315
=	16.21

Playtika Holding'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 )
=	599.104	/ (	(157.265	+	158.24)	/	2 )
=	599.104	/	157.7525
=	3.80

Playtika Holding (STU:8II) 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.

Playtika Holding Receivables Turnover Related Terms

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Playtika Holding (STU:8II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Playtika Holding Corp (STU:8II) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PLTK:USA

Address

C/o Playtika Ltd, HaChoshlim Street 8, Herzliya Pituarch, ISR

Website

https://www.playtika.com

Playtika Holding Corp is primarily engaged in developing mobile games. Some of its games include Board Kings, House of Fun, Poker Heat, Slotomania, and Bingo Blitz. The company has built live game operations services and a proprietary technology platform to support its portfolio of games. It primarily derives revenue from the sale of virtual items associated with online games. Geographically, the group has a business presence in the USA, EMEA, APAC and Other regions of which key revenue is derived from the USA. It offers both Mobile and Web-based platforms.

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