Remedy Entertainment (Remedy Entertainment) Receivables Turnover : 0.57 (As of Jun. 2023)

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What is Remedy Entertainment 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. Remedy Entertainment's Revenue for the three months ended in Jun. 2023 was $9.65 Mil. Remedy Entertainment's average Accounts Receivable for the three months ended in Jun. 2023 was $16.94 Mil. Hence, Remedy Entertainment's Receivables Turnover for the three months ended in Jun. 2023 was 0.57.

Remedy Entertainment Receivables Turnover Historical Data

The historical data trend for Remedy Entertainment'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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Remedy Entertainment Receivables Turnover Chart

Remedy Entertainment Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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37.59

23.23

3.86

2.55

3.08

Remedy Entertainment Quarterly Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											1.58	0.56	1.09	0.57	-

Competitive Comparison of Remedy Entertainment's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Remedy Entertainment'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.

Remedy Entertainment's Receivables Turnover Distribution in the Interactive Media Industry

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

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

Remedy Entertainment Receivables Turnover Calculation

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

Remedy Entertainment'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 )
=	37.003	/ (	(13.484	+	10.525)	/	2 )
=	37.003	/	12.0045
=	3.08

Remedy Entertainment's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	9.646	/ (	(13.484	+	20.392)	/	2 )
=	9.646	/	16.938
=	0.57

Remedy Entertainment (OTCPK:RMDEF) 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.

Remedy Entertainment Receivables Turnover Related Terms

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Remedy Entertainment (Remedy Entertainment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Remedy Entertainment PLC (OTCPK:RMDEF) » Definitions » Receivables Turnover

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REMEDY:Finland 8P8:Germany

Address

Luomanportti 3, Espoo, FIN, 02200

Website

https://www.remedygames.com

Remedy Entertainment PLC is a gaming company developing narrative and visually impressive console and computer games, published by partners such as Microsoft, Rockstar Games and Smile Gate. It published games such as Death Rally, Max Payne, among others.