Electronic Arts Inc (EA)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 7,562,000 | 7,426,000 | 6,991,000 | 5,629,000 | 5,537,000 |
| Receivables | US$ in thousands | 565,000 | 684,000 | 650,000 | 521,000 | 461,000 |
| Receivables turnover | 13.38 | 10.86 | 10.76 | 10.80 | 12.01 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $7,562,000K ÷ $565,000K
= 13.38
The receivables turnover ratio of Electronic Arts Inc has been fluctuating over the past five years. In the most recent fiscal year, ending on March 31, 2024, the company's receivables turnover ratio was 13.38. This indicates that, on average, Electronic Arts converted its accounts receivables into cash 13.38 times during the year.
Comparing this to the previous years, the receivables turnover ratio was 10.86 in 2023, 10.76 in 2022, 10.80 in 2021, and 12.01 in 2020. The increasing trend in the receivables turnover ratio from 2020 to 2024 suggests that Electronic Arts has been able to collect its accounts receivables more efficiently over time.
A high receivables turnover ratio generally indicates that the company has strong collections from its customers and efficient credit management practices. This trend suggests that Electronic Arts has been effective in managing its accounts receivables in recent years. However, it is essential to analyze other factors and ratios to get a comprehensive view of the company's overall financial health and operational efficiency.
Peer comparison
Mar 31, 2024