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.