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Mental Health Technologies Co (TSE:9218) Receivables Turnover : 1.75 (As of Mar. 2024)


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What is Mental Health Technologies 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. Mental Health Technologies Co's Revenue for the three months ended in Mar. 2024 was 円869 Mil. Mental Health Technologies Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円496 Mil. Hence, Mental Health Technologies Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.75.


Mental Health Technologies Co Receivables Turnover Historical Data

The historical data trend for Mental Health Technologies 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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Mental Health Technologies Co Receivables Turnover Chart

Mental Health Technologies Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
8.95 10.00 10.99 11.83 8.63

Mental Health Technologies Co Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.79 2.35 2.06 1.89 1.75

Competitive Comparison of Mental Health Technologies Co's Receivables Turnover

For the Medical Care Facilities subindustry, Mental Health Technologies 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.


Mental Health Technologies Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Mental Health Technologies Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mental Health Technologies Co's Receivables Turnover falls into.



Mental Health Technologies Co Receivables Turnover Calculation

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

Mental Health Technologies Co'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 )
=2608.6 / ((239.455 + 365.411) / 2 )
=2608.6 / 302.433
=8.63

Mental Health Technologies Co'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 )
=869.359 / ((365.411 + 626.683) / 2 )
=869.359 / 496.047
=1.75

* 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.


Mental Health Technologies Co  (TSE:9218) 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.


Mental Health Technologies Co Receivables Turnover Related Terms

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Mental Health Technologies Co (TSE:9218) Business Description

Traded in Other Exchanges
N/A
Address
3-16-11 Akasaka, Tokai Akasaka Building 4th Floor, Minato-ku, Tokyo, JPN, 107- 0052
Mental Health Technologies Co Ltd is engaged in the mental health solution business, medical career support business and digital marketing business.

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