Elray Resources (Elray Resources) Receivables Turnover : 0.22 (As of Sep. 2018)

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What is Elray Resources 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. Elray Resources's Revenue for the three months ended in Sep. 2018 was $0.09 Mil. Elray Resources's average Accounts Receivable for the three months ended in Sep. 2018 was $0.41 Mil. Hence, Elray Resources's Receivables Turnover for the three months ended in Sep. 2018 was 0.22.

Elray Resources Receivables Turnover Historical Data

The historical data trend for Elray Resources'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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Elray Resources Receivables Turnover Chart

Elray Resources Annual Data

Trend

Mar08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Receivables Turnover

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1.37

35.49

208.54

5.24

Elray Resources Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Receivables Turnover	Get a 7-Day Free Trial															-	0.71	0.57	0.28	0.22

Competitive Comparison of Elray Resources's Receivables Turnover

For the Gambling subindustry, Elray Resources'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.

Elray Resources's Receivables Turnover Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Elray Resources's Receivables Turnover falls into.

Elray Resources Receivables Turnover Calculation

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

Elray Resources's Receivables Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Receivables Turnover (A: Dec. 2017 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2017 )	/ (	(Accounts Receivable (A: Dec. 2016 )	+	Accounts Receivable (A: Dec. 2017 ))	/	count )
=	0.632	/ (	(0.031	+	0.21)	/	2 )
=	0.632	/	0.1205
=	5.24

Elray Resources's Receivables Turnover for the quarter that ended in Sep. 2018 is calculated as

	Receivables Turnover (Q: Sep. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2018 )	/ (	(Accounts Receivable (Q: Jun. 2018 )	+	Accounts Receivable (Q: Sep. 2018 ))	/	count )
=	0.09	/ (	(0.377	+	0.441)	/	2 )
=	0.09	/	0.409
=	0.22

Elray Resources (OTCPK:ELRA) 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.

Elray Resources Receivables Turnover Related Terms

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Elray Resources (Elray Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Elray Resources Inc (OTCPK:ELRA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3651 Lindell Road, Suite D131, Las Vegas, NV, USA, 89103

Website

http://www.elraygaming.com

Elray Resources Inc is a company engaged in gambling activities. It provides marketing and support for online gaming operations. It has developed and acquired technology that provides marketing tools and customer relationship management systems for online gaming operators. Its software systems automatically decline and deny any gaming requests from within illegal gaming jurisdictions, including the United States, Hong Kong, Singapore, the United Kingdom, France, Italy, and Israel, and prevent any access to the products that it supports from any of these jurisdictions ensuring that residents of these countries cannot participate and are in strict compliance with the laws of these countries.

Executives

Anthony Brian Goodman

director, 10 percent owner, officer: President, CEO

3651 LINDELL RD STE D131, LAS VEGAS NV 89103

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