Name: Receivables Turnover

Definition: Receivables turnover tells you how quickly the company collects payments from customers after making sales on credit. A high turnover means customers pay on time and cash flows smoothly. Slow turnover suggests delayed collections, which can create cash shortages and financing stress.

Interpretation:
• In '2021', GAIA's receivables turnover was 29.17, showing efficiency in collecting outstanding receivables. Industry average for Movies/Entertainment in '2021' stood at 3.75.
• In '2022', GAIA's receivables turnover was 28.14, showing efficiency in collecting outstanding receivables. The decline from '2021' may indicate some operational or financial challenges. Industry average for Movies/Entertainment in '2022' stood at 4.64. Industry average increased by 0.89 compared to previous year.
• In '2023', GAIA's receivables turnover was 17.10, showing efficiency in collecting outstanding receivables. The decline from '2022' may indicate some operational or financial challenges. Industry average for Movies/Entertainment in '2023' stood at 4.47. Industry average declined by 0.18 from previous year.
• In '2024', GAIA's receivables turnover was 13.22, showing efficiency in collecting outstanding receivables. The decline from '2023' may indicate some operational or financial challenges. Industry average for Movies/Entertainment in '2024' stood at 3.94. Industry average declined by 0.53 from previous year.
Overall, GAIA's receivables turnover has been volatile but showed a downward trend over the past 4 years.

Formula: Receivables Turnover = Net Credit Sales / Average Accounts Receivable

Good Range: Ranges 5 to 15 depending on credit terms.