PIALA (TSE:7044) Receivables Turnover : 2.33 (As of Mar. 2024)

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What is PIALA 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. PIALA's Revenue for the three months ended in Mar. 2024 was 円2,948 Mil. PIALA's average Accounts Receivable for the three months ended in Mar. 2024 was 円1,263 Mil. Hence, PIALA's Receivables Turnover for the three months ended in Mar. 2024 was 2.33.

PIALA Receivables Turnover Historical Data

The historical data trend for PIALA'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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PIALA Receivables Turnover Chart

PIALA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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9.13

8.80

7.95

8.53

8.03

PIALA 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															1.83	1.84	2.06	2.09	2.33

Competitive Comparison of PIALA's Receivables Turnover

For the Advertising Agencies subindustry, PIALA'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.

PIALA's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PIALA's Receivables Turnover distribution charts can be found below:

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

PIALA Receivables Turnover Calculation

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

PIALA's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	9064.841	/ (	(1376.89	+	879.837)	/	2 )
=	9064.841	/	1128.3635
=	8.03

PIALA'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 )
=	2948.45	/ (	(879.837	+	1646.605)	/	2 )
=	2948.45	/	1263.221
=	2.33

PIALA (TSE:7044) 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.

PIALA Receivables Turnover Related Terms

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PIALA (TSE:7044) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PIALA Inc (TSE:7044) » Definitions » Receivables Turnover

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Address

29th Floor, Yebisu Garden Place Tower, 4-20-3 Ebisu, Shibuya-ku, Tokyo, JPN, 150-6029

Website

https://www.piala.co.jp

PIALA Inc provides marketing automation solutions to clients. It develops various services as a general support for its clients, such as solution for real/web media, big data analysis and consultation. It offers marketing, event, system/apps development, design and others services.

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