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. PLAYSTUDIOS's Revenue for the
three
months ended in Dec. 2023 was $77.1 Mil. PLAYSTUDIOS's average Accounts Receivable for the
three
months ended in Dec. 2023 was $29.4 Mil.
Hence, PLAYSTUDIOS's Receivables Turnover for the
three
months ended in Dec. 2023 was 2.62.
PLAYSTUDIOS Receivables Turnover Historical Data
The historical data trend for PLAYSTUDIOS'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.
Competitive Comparison of PLAYSTUDIOS's Receivables Turnover
For the Electronic Gaming & Multimedia subindustry, PLAYSTUDIOS'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.
PLAYSTUDIOS's Receivables Turnover Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, PLAYSTUDIOS's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where PLAYSTUDIOS's Receivables Turnover falls into.
PLAYSTUDIOS Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
PLAYSTUDIOS's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
PLAYSTUDIOS Receivables Turnover Related Terms
Thank you for viewing the detailed overview of PLAYSTUDIOS's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
PLAYSTUDIOS Inc is engaged in gaming and related business. The Company develops and operates online and mobile social gaming applications (games or game), many of which incorporate a loyalty program offering real world rewards provided by a collection of awards partners. The Company's games are free-to-play and available via the Apple App Store, Google Play Store, Amazon Appstore, and Facebook (collectively, platforms or platform operators). The Company creates games based on its own original content as well as third-party licensed brands. The Company generates revenue through the in-game sale of virtual currency and through advertising. The company has one operating segment with one business activity, developing and monetizing social games.
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