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.
Peer comparison
Mar 31, 2025