Alpen Co (TSE:3028) Receivables Turnover : 4.87 (As of Mar. 2024)

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What is Alpen 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. Alpen Co's Revenue for the three months ended in Mar. 2024 was 円60,048 Mil. Alpen Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円12,332 Mil. Hence, Alpen Co's Receivables Turnover for the three months ended in Mar. 2024 was 4.87.

Alpen Co Receivables Turnover Historical Data

The historical data trend for Alpen 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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Alpen Co Receivables Turnover Chart

Alpen Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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29.05

26.38

27.49

25.35

23.47

Alpen Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															5.09	6.20	5.71	5.64	4.87

Competitive Comparison of Alpen Co's Receivables Turnover

For the Specialty Retail subindustry, Alpen 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.

Alpen Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Alpen Co's Receivables Turnover distribution charts can be found below:

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

Alpen Co Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	244540	/ (	(9962	+	10876)	/	2 )
=	244540	/	10419
=	23.47

Alpen Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	60048	/ (	(12644	+	12020)	/	2 )
=	60048	/	12332
=	4.87

Alpen Co (TSE:3028) 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.

Alpen Co Receivables Turnover Related Terms

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Alpen Co (TSE:3028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Alpen Co Ltd (TSE:3028) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3028:Japan

Address

Alpen Marunouchi Tower, 9-40, 2-chome, Marunouchi, Naka-ku, Nagoya-shi, Aichi, JPN, 460-8637

Website

http://www.alpen-group.jp

Alpen Co Ltd is a Japan-based specialty retailer that is primarily engaged in the production and sale of sports products. The company's products consist of sports equipment, apparel, accessories, dietary supplements, and other items. The company operates through three store formats, including Alpen, focusing on products related to winter sports; Golf 5, primarily providing golf-related sports products; Sports Depo, which offers all kinds of sporting goods. The Sports Depo accounts for around half of the company's total revenue. The company runs a nationwide retail network across Japan.

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