Kings Entertainment Group (XCNQ:JKPT) Receivables Turnover : 0.76 (As of Sep. 2023)

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What is Kings Entertainment 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. Kings Entertainment Group's Revenue for the three months ended in Sep. 2023 was C$2.27 Mil. Kings Entertainment Group's average Accounts Receivable for the three months ended in Sep. 2023 was C$2.98 Mil. Hence, Kings Entertainment Group's Receivables Turnover for the three months ended in Sep. 2023 was 0.76.

Kings Entertainment Group Receivables Turnover Historical Data

The historical data trend for Kings Entertainment 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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Kings Entertainment Group Receivables Turnover Chart

Kings Entertainment Group Annual Data

Trend

Dec20

Dec21

Dec22

Receivables Turnover

6.57

6.70

4.94

Kings Entertainment Group Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Receivables Turnover	Get a 7-Day Free Trial							1.24	0.95	0.63	0.58	0.76

Competitive Comparison of Kings Entertainment Group's Receivables Turnover

For the Gambling subindustry, Kings Entertainment 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.

Kings Entertainment Group's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kings Entertainment Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kings Entertainment Group's Receivables Turnover falls into.

Kings Entertainment Group Receivables Turnover Calculation

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

Kings Entertainment 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 )
=	5.765	/ (	(1.03	+	1.306)	/	2 )
=	5.765	/	1.168
=	4.94

Kings Entertainment 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 )
=	2.272	/ (	(1.677	+	4.287)	/	2 )
=	2.272	/	2.982
=	0.76

Kings Entertainment Group (XCNQ:JKPT) 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.

Kings Entertainment Group Receivables Turnover Related Terms

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Kings Entertainment Group (XCNQ:JKPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kings Entertainment Group Inc (XCNQ:JKPT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KENGF:USA L12:Germany

Address

505 Burrard Street, Suite 1570, Vancouver, BC, CAN

Website

Kings Entertainment Group Inc is the parent company of global lottery brand LottoKings group. As international online service providers for the lottery, casino, and sportsbook gambling, these brands leverage their ability to acquire pre-qualified players through renowned lottery offerings, then engage in a range of casino and sportsbook offerings.

Kings Entertainment Group (XCNQ:JKPT) Headlines

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