BlueBet Holdings (ASX:BBT) Receivables Turnover : 74.48 (As of Dec. 2023)

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What is BlueBet Holdings 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. BlueBet Holdings's Revenue for the six months ended in Dec. 2023 was A$27.82 Mil. BlueBet Holdings's average Accounts Receivable for the six months ended in Dec. 2023 was A$0.37 Mil. Hence, BlueBet Holdings's Receivables Turnover for the six months ended in Dec. 2023 was 74.48.

BlueBet Holdings Receivables Turnover Historical Data

The historical data trend for BlueBet Holdings'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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BlueBet Holdings Receivables Turnover Chart

BlueBet Holdings Annual Data

Trend

Jun22

Jun23

Receivables Turnover

496.67

327.83

BlueBet Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			356.21	312.91	84.49	84.44	74.48

Competitive Comparison of BlueBet Holdings's Receivables Turnover

For the Gambling subindustry, BlueBet Holdings'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.

BlueBet Holdings's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where BlueBet Holdings's Receivables Turnover falls into.

BlueBet Holdings Receivables Turnover Calculation

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

BlueBet Holdings's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	53.928	/ (	(0.11	+	0.219)	/	2 )
=	53.928	/	0.1645
=	327.83

BlueBet Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	27.817	/ (	(0.219	+	0.528)	/	2 )
=	27.817	/	0.3735
=	74.48

BlueBet Holdings (ASX:BBT) 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.

BlueBet Holdings Receivables Turnover Related Terms

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BlueBet Holdings (ASX:BBT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » BlueBet Holdings Ltd (ASX:BBT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Spring Street, Level 9, Sydney, NSW, AUS, 2000

Website

https://www.bluebet.com.au

BlueBet Holdings Ltd is engaged in providing sports and race betting services in Australia. Its main product line includes sports, horse racing, greyhound racing, harness racing, and on-track bets. The company generates its income from wagering revenue.

BlueBet Holdings (ASX:BBT) Headlines

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