Tapinator (Tapinator) Receivables Turnover : 2.70 (As of Sep. 2023)

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What is Tapinator 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. Tapinator's Revenue for the three months ended in Sep. 2023 was $1.18 Mil. Tapinator's average Accounts Receivable for the three months ended in Sep. 2023 was $0.44 Mil. Hence, Tapinator's Receivables Turnover for the three months ended in Sep. 2023 was 2.70.

Tapinator Receivables Turnover Historical Data

The historical data trend for Tapinator'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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Tapinator Receivables Turnover Chart

Tapinator Annual Data

Trend

Oct07

Oct08

Oct09

Oct12

Oct13

Dec14

Dec15

Dec16

Dec17

Dec18

Receivables Turnover

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7.20

8.73

9.86

9.52

10.24

Tapinator Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Sep22	Sep23
Receivables Turnover	Get a 7-Day Free Trial															2.57	3.66	2.59	4.34	2.70

Competitive Comparison of Tapinator's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Tapinator'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.

Tapinator's Receivables Turnover Distribution in the Interactive Media Industry

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

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

Tapinator Receivables Turnover Calculation

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

Tapinator's Receivables Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Receivables Turnover (A: Dec. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2018 )	/ (	(Accounts Receivable (A: Dec. 2017 )	+	Accounts Receivable (A: Dec. 2018 ))	/	count )
=	2.872	/ (	(0.333	+	0.228)	/	2 )
=	2.872	/	0.2805
=	10.24

Tapinator'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: Sep. 2022 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	1.176	/ (	(0	+	0.436)	/	1 )
=	1.176	/	0.436
=	2.70

Tapinator (OTCPK:TAPM) 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.

Tapinator Receivables Turnover Related Terms

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Tapinator (Tapinator) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Tapinator Inc (OTCPK:TAPM) » Definitions » Receivables Turnover

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Address

1776 Broadway, Suite 2002, New York, NY, USA, 10019

Website

https://www.tapinator.com

Tapinator Inc develops and publishes category- leading apps for mobile platforms, with a focus on social casino games. The company's library includes more than 300 titles. It offers games such as Solitaire Derby, Crypto Trillionaire, Castlebuilder, Combo Quest, and Dice Mage 2 among others. The company generates revenues through the sale of branded advertising and consumer transactions, including in-app purchases and subscriptions.