Qualtec Co (TSE:9165) Receivables Turnover : 5.89 (As of Jun. 2023)

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What is Qualtec 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. Qualtec Co's Revenue for the six months ended in Jun. 2023 was 円3,274 Mil. Qualtec Co's average Accounts Receivable for the six months ended in Jun. 2023 was 円556 Mil. Hence, Qualtec Co's Receivables Turnover for the six months ended in Jun. 2023 was 5.89.

Qualtec Co Receivables Turnover Historical Data

The historical data trend for Qualtec 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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Qualtec Co Receivables Turnover Chart

Qualtec Co Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

3.10

6.03

5.89

Qualtec Co Semi-Annual Data
	Jun21	Jun22	Jun23
Receivables Turnover	3.10	6.03	5.89

Competitive Comparison of Qualtec Co's Receivables Turnover

For the Specialty Business Services subindustry, Qualtec 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.

Qualtec Co's Receivables Turnover Distribution in the Business Services Industry

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

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

Qualtec Co Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	3274.204	/ (	(570.664	+	540.608)	/	2 )
=	3274.204	/	555.636
=	5.89

Qualtec Co's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	3274.204	/ (	(570.664	+	540.608)	/	2 )
=	3274.204	/	555.636
=	5.89

Qualtec Co (TSE:9165) 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.

Qualtec Co Receivables Turnover Related Terms

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Qualtec Co (TSE:9165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Qualtec Co Ltd (TSE:9165) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-230 Sanbo-cho, Sakai-ku Sakai-shi, Osaka, JPN, 590-0906

Website

https://www.qualtec.co.jp

Qualtec Co Ltd Provides failure analysis and reliability testing of electronic components and is also engaged in the development and sale of testing equipment; fine processing of electronic components; Microfabrication centered on laser processing and surface treatment (plating) technology etc.

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