Take-Two Interactive Software Inc (TTWO)
Receivables turnover
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,633,600 | 5,349,600 | 5,349,900 | 3,504,800 | 3,372,770 |
| Receivables | US$ in thousands | 851,900 | 764,700 | 843,100 | 684,300 | 658,316 |
| Receivables turnover | 6.61 | 7.00 | 6.35 | 5.12 | 5.12 |
March 31, 2025 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,633,600K ÷ $851,900K
= 6.61
The receivables turnover for Take-Two Interactive Software Inc has shown a consistent upward trend from March 31, 2021, to March 31, 2024. The ratio increased from 5.12 in March 2021 to 7.00 in March 2024, indicating that the company is collecting its accounts receivable more efficiently over this period. A higher receivables turnover ratio suggests that the company is able to convert its accounts receivable into cash more rapidly.
However, the data is missing for March 31, 2025, which makes it challenging to assess the current trend. It is essential for the company to maintain effective credit and collection policies to sustain or further improve its receivables turnover ratio. Overall, the increasing trend observed until 2024 reflects positively on the company's management of its receivables.
Peer comparison
Mar 31, 2025