Important date. (Investments & Finance).On a tangential tan·gen·tial also tan·gen·tal adj. 1. Of, relating to, or moving along or in the direction of a tangent. 2. Merely touching or slightly connected. 3. note, Activision competitor THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. has changed its fiscal year-end Fiscal Year-End The completion of a one-year, or 12-month, accounting period. Notes: The reason that a company's fiscal year often differs from the calendar year and does not close on Dec 31, is due to the nature of company's needs. to March 31 from Dec. 31, so that the timing of its financial reports will be more closely aligned with its competitors. THQ will report 2002 earnings on Feb. 19, and then will file a transition report for the three-month period ending March 31 in mid-April. "We get about 50 to 55 percent of our sales in the fourth quarter, so a December year-end doesn't follow our natural business year," said Fred Gysi, THQ's chief financial officer. "We collect a lot of cash in January and February, so when we're on a calendar year-end, our receivables look higher and our cash looks lower than our competitors." Activision has a March 31 fiscal year-end, as does game heavyweight Electronic Arts Inc., based in Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. . "We want our investors to be able to directly compare our results" with those companies, Gysi said. |
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