Daiei Kankyo Co (TSE:9336) Receivables Turnover : 1.83 (As of Dec. 2023)

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What is Daiei Kankyo 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. Daiei Kankyo Co's Revenue for the three months ended in Dec. 2023 was 円19,167 Mil. Daiei Kankyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円10,468 Mil. Hence, Daiei Kankyo Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.83.

Daiei Kankyo Co Receivables Turnover Historical Data

The historical data trend for Daiei Kankyo 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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Daiei Kankyo Co Receivables Turnover Chart

Daiei Kankyo Co Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

6.91

7.09

6.94

6.96

Daiei Kankyo Co Quarterly Data
	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				1.82	1.77	1.75	1.83	1.73

Competitive Comparison of Daiei Kankyo Co's Receivables Turnover

For the Waste Management subindustry, Daiei Kankyo 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.

Daiei Kankyo Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Daiei Kankyo Co's Receivables Turnover distribution charts can be found below:

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

Daiei Kankyo Co Receivables Turnover Calculation

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

Daiei Kankyo 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 )
=	73035	/ (	(10088	+	10901)	/	2 )
=	73035	/	10494.5
=	6.96

Daiei Kankyo 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 )
=	19167	/ (	(10582	+	10353)	/	2 )
=	19167	/	10467.5
=	1.83

Daiei Kankyo Co (TSE:9336) 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.

Daiei Kankyo Co Receivables Turnover Related Terms

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Daiei Kankyo Co (TSE:9336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Daiei Kankyo Co Ltd (TSE:9336) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-9-1 Koyo-cho, Kobe Fashion Plaza, Higashinada-ku, Hyogo Prefecture, Kobe, JPN, 658-0032

Website

https://www.dinsgr.co.jp

Daiei Kankyo Co Ltd is a engaged in the waste-related business. It focuses on collection and transportation, intermediate treatment and recycling, and final disposal of both general and industrial waste and valuable resource recycing business.

Daiei Kankyo Co (TSE:9336) Headlines

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