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GSI Creos (TSE:8101) Receivables Turnover : 1.17 (As of Dec. 2023)


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What is GSI Creos 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. GSI Creos's Revenue for the three months ended in Dec. 2023 was 円39,952 Mil. GSI Creos's average Accounts Receivable for the three months ended in Dec. 2023 was 円34,266 Mil. Hence, GSI Creos's Receivables Turnover for the three months ended in Dec. 2023 was 1.17.


GSI Creos Receivables Turnover Historical Data

The historical data trend for GSI Creos'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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GSI Creos Receivables Turnover Chart

GSI Creos Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.71 4.27 4.83 4.55 4.40

GSI Creos 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.14 0.81 1.04 1.20 1.17

Competitive Comparison of GSI Creos's Receivables Turnover

For the Textile Manufacturing subindustry, GSI Creos'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.


GSI Creos's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GSI Creos's Receivables Turnover distribution charts can be found below:

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



GSI Creos Receivables Turnover Calculation

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

GSI Creos'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 )
=131054 / ((26352 + 33284) / 2 )
=131054 / 29818
=4.40

GSI Creos'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 )
=39952 / ((33158 + 35373) / 2 )
=39952 / 34265.5
=1.17

* 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.


GSI Creos  (TSE:8101) 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.


GSI Creos Receivables Turnover Related Terms

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GSI Creos (TSE:8101) Business Description

Traded in Other Exchanges
N/A
Address
Two-chome, 3-1 Kudan-minami, Tokyo, JPN
GSI Creos Corp is a Japan based company engaged in the business of textile materials, industrial products, and nanotechnology. The products of the company include innerwear, outerwear, women's casual brand, composite molded article, and functional base paper.

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