Goldcrest Co (TSE:8871) Receivables Turnover : 9.43 (As of Dec. 2023)

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What is Goldcrest 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. Goldcrest Co's Revenue for the three months ended in Dec. 2023 was 円6,496 Mil. Goldcrest Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円689 Mil. Hence, Goldcrest Co's Receivables Turnover for the three months ended in Dec. 2023 was 9.43.

Goldcrest Co Receivables Turnover Historical Data

The historical data trend for Goldcrest 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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Goldcrest Co Receivables Turnover Chart

Goldcrest Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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94.54

92.60

121.01

61.97

39.91

Goldcrest 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															8.16	4.42	5.67	9.43	18.25

Competitive Comparison of Goldcrest Co's Receivables Turnover

For the Real Estate - Development subindustry, Goldcrest 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.

Goldcrest Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Goldcrest Co's Receivables Turnover distribution charts can be found below:

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

Goldcrest Co Receivables Turnover Calculation

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

Goldcrest Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	24845	/ (	(561	+	684)	/	2 )
=	24845	/	622.5
=	39.91

Goldcrest Co'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 )
=	6496	/ (	(740	+	638)	/	2 )
=	6496	/	689
=	9.43

Goldcrest Co (TSE:8871) 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.

Goldcrest Co Receivables Turnover Related Terms

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Goldcrest Co (TSE:8871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Goldcrest Co Ltd (TSE:8871) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

2-1-1 Otemachi Chiyoda-ku, 12th floor, Otemachi Nomura Building, Tokyo, JPN, 100-0004

Website

http://www.goldcrest.co.jp

Goldcrest Co Ltd is a property development company. It is engaged in the development and sale of condominiums in and around the Tokyo Metropolitan Area. The Company operates in three business segments such as Real Estate Sales, Real Estate Leasing, and Others. The Real Estate Sales segment deals with the development and marketing of condominiums such as Crest City, Crest Form series and Crest Residence. The Real Estate Leasing segment involves with office building and apartment leasing activities. The others segment offers real estate management services.

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