Playgon Games (TSXV:DEAL) Receivables Turnover : 1.12 (As of Dec. 2023)

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What is Playgon Games 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. Playgon Games's Revenue for the three months ended in Dec. 2023 was C$0.33 Mil. Playgon Games's average Accounts Receivable for the three months ended in Dec. 2023 was C$0.30 Mil. Hence, Playgon Games's Receivables Turnover for the three months ended in Dec. 2023 was 1.12.

Playgon Games Receivables Turnover Historical Data

The historical data trend for Playgon Games'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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Playgon Games Receivables Turnover Chart

Playgon Games Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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0.98

1.89

4.54

5.01

Playgon Games Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.11	1.01	1.50	1.73	1.12

Competitive Comparison of Playgon Games's Receivables Turnover

For the Software - Application subindustry, Playgon Games'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.

Playgon Games's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Playgon Games's Receivables Turnover distribution charts can be found below:

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

Playgon Games Receivables Turnover Calculation

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

Playgon Games'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 )
=	1.47	/ (	(0.26	+	0.327)	/	2 )
=	1.47	/	0.2935
=	5.01

Playgon Games'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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	0.332	/ (	(0.266	+	0.327)	/	2 )
=	0.332	/	0.2965
=	1.12

Playgon Games (TSXV:DEAL) 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.

Playgon Games Receivables Turnover Related Terms

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Playgon Games (TSXV:DEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Playgon Games Inc (TSXV:DEAL) » Definitions » Receivables Turnover

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PLGNF:USA 7CR:Germany

Address

675 West Hastings Street, Suite 1500, Vancouver, BC, CAN, V6B 1N2

Website

https://www.playgon.com

Playgon Games Inc is a technology company. It focuses on developing and licensing digital content for the growing iGaming market. The company provides a multi-tenant gateway that allows online operators the ability to offer customers iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games, and Daily Fantasy Sports. The firm's products are turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and database companies.

Executives

Steve Baker

Senior Officer

Playgon Games (TSXV:DEAL) Headlines

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