Take-Two Interactive Software Inc (TTWO)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,349,600 | 5,349,900 | 3,496,870 | 3,369,920 | 3,084,420 |
| Receivables | US$ in thousands | 679,700 | 763,200 | 579,433 | 552,762 | 592,555 |
| Receivables turnover | 7.87 | 7.01 | 6.03 | 6.10 | 5.21 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,349,600K ÷ $679,700K
= 7.87
The receivables turnover ratio for Take-Two Interactive Software Inc has shown a consistent increasing trend over the past five years, indicating an improvement in the company's ability to collect sales revenue from its customers.
In particular, the ratio has increased from 5.21 in 2020 to 7.87 in 2024, which suggests that Take-Two Interactive Software Inc has been more efficient in converting its accounts receivables into cash during the most recent fiscal year.
This improvement in receivables turnover could be attributed to various factors such as better credit management practices, a focus on timely collection of outstanding receivables, or changes in customer payment behavior. Overall, a higher receivables turnover ratio reflects a more effective credit and collection process, which can lead to improved cash flow and liquidity for the company.
Peer comparison
Mar 31, 2024