Onward Holdings Co (Onward Holdings Co) Receivables Turnover : 3.20 (As of Nov. 2023)

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What is Onward Holdings 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. Onward Holdings Co's Revenue for the three months ended in Nov. 2023 was $341 Mil. Onward Holdings Co's average Accounts Receivable for the three months ended in Nov. 2023 was $107 Mil. Hence, Onward Holdings Co's Receivables Turnover for the three months ended in Nov. 2023 was 3.20.

Onward Holdings Co Receivables Turnover Historical Data

The historical data trend for Onward Holdings 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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Onward Holdings Co Receivables Turnover Chart

Onward Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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9.71

8.20

9.86

11.59

11.98

Onward Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															3.00	3.30	2.78	3.20	2.75

Competitive Comparison of Onward Holdings Co's Receivables Turnover

For the Apparel Manufacturing subindustry, Onward Holdings 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.

Onward Holdings Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Onward Holdings Co Receivables Turnover Calculation

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

Onward Holdings Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	1267.446	/ (	(105.084	+	106.493)	/	2 )
=	1267.446	/	105.7885
=	11.98

Onward Holdings Co's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	340.542	/ (	(85.53	+	127.64)	/	2 )
=	340.542	/	106.585
=	3.20

Onward Holdings Co (OTCPK:OKASY) 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.

Onward Holdings Co Receivables Turnover Related Terms

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Onward Holdings Co (Onward Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Onward Holdings Co Ltd (OTCPK:OKASY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

8016:Japan

Address

10-5, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8239

Website

http://www.onward-hd.co.jp

Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three fourths of Onward's sales are in Japan, and most of the company's remaining sales are in Europe. The company manufactures its products primarily in China.

Onward Holdings Co (Onward Holdings Co) Headlines

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