International Game Technology PLC

NYSE IGT

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International Game Technology PLC Accounts Payable Turnover Ratio 3 year CAGR for the quarter ending March 31, 2024: 19.87%

International Game Technology PLC Accounts Payable Turnover Ratio 3 year CAGR is 19.87% for the quarter ending March 31, 2024, a 199.25% change year over year. The accounts payable turnover ratio measures the number of times a company pays off its accounts payable during a specific period. It is calculated by dividing the company's revenue by its accounts payable. This ratio indicates how efficiently a company manages its outstanding payments to suppliers and vendors. A higher turnover ratio suggests that the company is paying off its obligations quickly, while a lower ratio may indicate a slower payment process or potential liquidity issues. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • International Game Technology PLC Accounts Payable Turnover Ratio for the quarter ending March 31, 2023 was 1.27, a -5.34% change year over year.
  • International Game Technology PLC Accounts Payable Turnover Ratio for the quarter ending March 31, 2022 was 1.34, a 58.82% change year over year.
  • International Game Technology PLC Accounts Payable Turnover Ratio for the quarter ending March 31, 2021 was 0.85, a -19.34% change year over year.
  • International Game Technology PLC Accounts Payable Turnover Ratio for the quarter ending March 31, 2020 was 1.05, a -0.80% change year over year.
NYSE: IGT

International Game Technology PLC

CEO Mr. Marco Sala
IPO Date March 26, 1990
Location United Kingdom
Headquarters Marble Arch House, London, United Kingdom, W1H 5BT
Employees 11,000
Sector Consumer Cyclical
Industry Gambling
Description

International Game Technology PLC operates and provides gaming technology products and services in the United States, Canada, Italy, The United Kingdom, rest of Europe, and internationally. It operates through three segments: Global Lottery, Global Gaming, and PlayDigital. The company designs, sells, operates, and leases a suite of point-of-sale machines that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services, as well as iLottery solutions and services. It also designs, develops, assembles, and provides cabinets, games, systems, and software for the gaming market, as well as offers gaming management systems for casino management, such as infrastructure and applications, customer relationship management, patron management, and server-based gaming. In addition, the company provides video lottery terminals (VLT), VLT central systems, and VLT games. Further, it offers digital products, such as slot games, blackjack, roulette, poker, bingo, and other casino card games; iGaming systems and digital platforms that offer remote game server solution; and sports betting technology and management services to licensed sports betting operators. It processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfer services. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was incorporated in 2014 and is headquartered in London, the United Kingdom. International Game Technology PLC is a subsidiary of De Agostini S.p.A.

StockViz Staff

September 19, 2024

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