Take-Two Interactive Software Inc (TTWO)

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	5,349,600	5,396,400	5,437,900	5,532,200	5,349,900	4,822,896	4,318,396	3,783,096	3,493,996	3,420,892	3,372,649	3,354,562	3,369,915	3,284,364	3,358,880	3,378,818	3,087,326	2,865,792	3,195,769	2,828,138
Receivables	US$ in thousands	679,700	666,300	814,500	622,200	763,200	711,100	831,400	633,700	579,433	647,907	804,468	487,171	552,762	581,136	787,818	685,169	592,555	647,460	858,597	352,625
Receivables turnover		7.87	8.10	6.68	8.89	7.01	6.78	5.19	5.97	6.03	5.28	4.19	6.89	6.10	5.65	4.26	4.93	5.21	4.43	3.72	8.02

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,349,600K ÷ $679,700K
= 7.87

The receivables turnover ratio for Take-Two Interactive Software Inc has fluctuated over the past several quarters. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally seen as a positive sign of efficiency in managing its credit sales.

From the data provided, we can see that the receivables turnover ratio ranged from a low of 3.72 in June 2019 to a high of 8.89 in June 2023. This variability over time may suggest changes in the company's credit policies, customer payment behavior, or efficiency in collecting receivables.

It is important to note that a consistently high or increasing receivables turnover ratio may indicate effective credit management and collection practices. Conversely, a declining ratio could signal potential issues with collecting accounts receivable or loosening credit policies.

Further analysis would be required to understand the specific factors contributing to the fluctuations in Take-Two Interactive Software Inc's receivables turnover ratio and to assess the overall effectiveness of the company's accounts receivable management.