Enjin Co (TSE:7370) Receivables Turnover : 6.54 (As of Feb. 2024)

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What is Enjin 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. Enjin Co's Revenue for the three months ended in Feb. 2024 was 円674 Mil. Enjin Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円103 Mil. Hence, Enjin Co's Receivables Turnover for the three months ended in Feb. 2024 was 6.54.

Enjin Co Receivables Turnover Historical Data

The historical data trend for Enjin 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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Enjin Co Receivables Turnover Chart

Enjin Co Annual Data

Trend

May19

May20

May21

May22

May23

Receivables Turnover

26.49

36.22

51.93

47.91

37.07

Enjin Co Quarterly Data
	May19	May20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial										9.78	11.60	6.15	6.02	6.54

Competitive Comparison of Enjin Co's Receivables Turnover

For the Advertising Agencies subindustry, Enjin 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.

Enjin Co's Receivables Turnover Distribution in the Media - Diversified Industry

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

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

Enjin Co Receivables Turnover Calculation

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

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

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	3481.014	/ (	(81.815	+	105.99)	/	2 )
=	3481.014	/	93.9025
=	37.07

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

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	674.346	/ (	(105.668	+	100.545)	/	2 )
=	674.346	/	103.1065
=	6.54

Enjin Co (TSE:7370) 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.

Enjin Co Receivables Turnover Related Terms

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Enjin Co (TSE:7370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Enjin Co Ltd (TSE:7370) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11-4 Umeda, 9th Floor, Osaka Ekimae Dai-Yon Building, Osaka-shi Kita-ku, Qsaka, JPN, 530-0001

Website

https://www.y-enjin.co.jp

Enjin Co Ltd is engaged in providing PR support service for enterprises, executives and medical institutions, doctors, and managing the matching platform.

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