Electronic Arts Inc (EA)
Receivables turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 7,562,000 | 7,657,000 | 7,593,000 | 7,583,000 | 7,426,000 | 7,377,000 | 7,285,000 | 7,207,000 | 6,991,000 | 6,512,000 | 6,396,000 | 5,721,000 | 5,629,000 | 5,670,000 | 5,590,000 | 5,787,000 | 5,537,000 | 5,388,000 | 5,084,000 | 5,022,000 |
| Receivables | US$ in thousands | 565,000 | 867,000 | 1,047,000 | 517,000 | 684,000 | 836,000 | 919,000 | 579,000 | 650,000 | 965,000 | 1,031,000 | 557,000 | 521,000 | 778,000 | 423,000 | 507,000 | 461,000 | 798,000 | 856,000 | 329,000 |
| Receivables turnover | 13.38 | 8.83 | 7.25 | 14.67 | 10.86 | 8.82 | 7.93 | 12.45 | 10.76 | 6.75 | 6.20 | 10.27 | 10.80 | 7.29 | 13.22 | 11.41 | 12.01 | 6.75 | 5.94 | 15.26 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,562,000K ÷ $565,000K
= 13.38
The receivables turnover ratio for Electronic Arts Inc has fluctuated over the past few quarters. For the most recent quarter ending March 31, 2024, the receivables turnover was 13.38, indicating that the company collected its accounts receivable approximately 13.38 times during that period. This represents an improvement compared to the previous quarter's turnover of 8.83.
Looking at the trend over the past few quarters, there have been fluctuations in the receivables turnover ratio. The company experienced a significant increase in receivables turnover in the quarter ending June 30, 2023, with a ratio of 14.67, which then declined in the following quarters before picking up again in the last reported quarter.
A higher receivables turnover ratio generally indicates that the company is efficiently managing its accounts receivable and collecting cash from customers in a timely manner. A lower ratio may suggest potential issues with collections or an inefficient credit policy.
Overall, monitoring the trend of the receivables turnover ratio for Electronic Arts Inc can provide insights into the company's effectiveness in managing its accounts receivable and collecting payments from customers.
Peer comparison
Mar 31, 2024