Banners Co (TSE:3011) Receivables Turnover : 12.72 (As of Dec. 2023)

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What is Banners Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Banners Co's Revenue for the three months ended in Dec. 2023 was 円1,303 Mil. Banners Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円102 Mil. Hence, Banners Co's Receivables Turnover for the three months ended in Dec. 2023 was 12.72.

Banners Co Receivables Turnover Historical Data

The historical data trend for Banners Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Banners Co Receivables Turnover Chart

Banners Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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45.85

51.33

48.28

48.27

47.77

Banners Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															12.93	13.68	9.80	9.50	12.72

Competitive Comparison of Banners Co's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Banners Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Banners Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Banners Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Banners Co's Receivables Turnover falls into.

Banners Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Banners Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	4335.315	/ (	(82.405	+	99.096)	/	2 )
=	4335.315	/	90.7505
=	47.77

Banners Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1302.617	/ (	(144.861	+	60.016)	/	2 )
=	1302.617	/	102.4385
=	12.72

Banners Co (TSE:3011) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Banners Co Receivables Turnover Related Terms

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Banners Co (TSE:3011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Banners Co Ltd (TSE:3011) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

102, Ishihara, Kumagaya-shi, Saitama, JPN, 3600816

Website

http://www.banners.jp

Banners Co Ltd is a Japan-based company. It operates its business activities in three divisions including real estate utilization business, automobile sales business and musical instrument sales business. In the real estate utilization business, the company mainly rent tenants. In the automobile sales business, it sells Honda Vehicles and non-life insurance. In the musical instrument sales business, it imports and sells oboe and bathoons as a specialty store of double reed musical instruments. It also provides maintenance and after-sales services.

Banners Co (TSE:3011) Headlines

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