Take-Two Interactive Software Inc (TTWO)

Receivables turnover

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 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
Revenue (ttm) US$ in thousands 5,633,600 5,450,500 5,457,000 5,403,100 5,349,600 5,396,400 5,437,900 5,532,200 5,349,900 4,833,704 4,329,156 3,793,854 3,504,800 3,414,227 3,371,864 3,354,808 3,372,772 3,293,882 3,363,122 3,379,821
Receivables US$ in thousands 851,900 739,400 938,300 674,900 764,700 755,000 897,000 702,100 843,100 795,500 919,000 976,400 684,300 752,796 912,333 590,943 658,316 686,596 885,871 777,902
Receivables turnover 6.61 7.37 5.82 8.01 7.00 7.15 6.06 7.88 6.35 6.08 4.71 3.89 5.12 4.54 3.70 5.68 5.12 4.80 3.80 4.34

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,633,600K ÷ $851,900K
= 6.61

Take-Two Interactive Software Inc's receivables turnover ratio indicates the efficiency with which the company is able to collect outstanding receivables from its customers during a given period. Looking at the data provided, the receivables turnover ratio has shown some fluctuations over the quarters from June 30, 2020, to March 31, 2025.

The ratio started at 4.34 on June 30, 2020, and generally trended upwards, reaching its peak at 8.01 on June 30, 2024, which suggests that Take-Two Interactive Software Inc was effectively collecting its receivables during this period. However, the ratio dipped to 5.82 on September 30, 2024, but then increased again to 7.37 by December 31, 2024.

On March 31, 2025, the receivables turnover ratio was noted at 6.61, showing a slight decrease from the previous quarter. While the fluctuations in this ratio may indicate some variability in the company's receivables collection efficiency, the general trend suggests an improvement in the management of receivables over the period under review.

Overall, a higher receivables turnover ratio indicates that Take-Two Interactive Software Inc is collecting its outstanding receivables more quickly, which can be a positive sign of effective credit management and liquidity. A consistent or increasing trend in this ratio is generally favorable, as it signifies that the company is efficiently managing its accounts receivables.