IFIS Japan (TSE:7833) Receivables Turnover : 3.03 (As of Mar. 2024)

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What is IFIS Japan 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. IFIS Japan's Revenue for the three months ended in Mar. 2024 was 円1,407 Mil. IFIS Japan's average Accounts Receivable for the three months ended in Mar. 2024 was 円465 Mil. Hence, IFIS Japan's Receivables Turnover for the three months ended in Mar. 2024 was 3.03.

IFIS Japan Receivables Turnover Historical Data

The historical data trend for IFIS Japan'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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IFIS Japan Receivables Turnover Chart

IFIS Japan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.61

9.96

9.80

10.57

11.70

IFIS Japan 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															2.89	2.57	2.61	2.78	3.03

Competitive Comparison of IFIS Japan's Receivables Turnover

For the Specialty Business Services subindustry, IFIS Japan'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.

IFIS Japan's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, IFIS Japan's Receivables Turnover distribution charts can be found below:

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

IFIS Japan Receivables Turnover Calculation

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

IFIS Japan'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 )
=	5554.383	/ (	(492.068	+	457.238)	/	2 )
=	5554.383	/	474.653
=	11.70

IFIS Japan'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 )
=	1406.796	/ (	(457.238	+	472.42)	/	2 )
=	1406.796	/	464.829
=	3.03

IFIS Japan (TSE:7833) 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.

IFIS Japan Receivables Turnover Related Terms

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IFIS Japan (TSE:7833) Business Description

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Nihon Kodoukai Building- 4F, 3-1-6 Nishi Kanda, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.ifis.co.jp

IFIS Japan Ltd is a financial information services company. The principal business activities of the company include distribution of research reports in electronic media, supplying of financial data and consensus data, and production and printing of financial documents. Its services cover investment information, investor relations, and documentation for securities firms and investment trusts. It also provides IFIS consensus to newspapers, magazines, and Internet portals. The company primarily serves the listed companies, securities firms, and institutional investors.

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