Horai Co (TSE:9679) Days Sales Outstanding : 24.05 (As of Mar. 2024)

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What is Horai Co Days Sales Outstanding?

Horai Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円309 Mil. Horai Co's Revenue for the three months ended in Mar. 2024 was 円1,174 Mil. Hence, Horai Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 24.05.

The historical rank and industry rank for Horai Co's Days Sales Outstanding or its related term are showing as below:

TSE:9679' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.87 Med: 23.52 Max: 26.48
Current: 20.87

During the past 13 years, Horai Co's highest Days Sales Outstanding was 26.48. The lowest was 20.87. And the median was 23.52.

TSE:9679's Days Sales Outstanding is ranked better than
79.63% of 54 companies
in the Insurance industry
Industry Median: 54.86 vs TSE:9679: 20.87

Horai Co's Days Sales Outstanding increased from Mar. 2023 (23.68) to Mar. 2024 (24.05).

Horai Co Days Sales Outstanding Historical Data

The historical data trend for Horai Co's Days Sales Outstanding 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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Horai Co Days Sales Outstanding Chart

Horai Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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24.38

26.48

21.81

22.67

25.01

Horai Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Sales Outstanding	Get a 7-Day Free Trial															20.22	18.81	22.42	24.05	21.31

Competitive Comparison of Horai Co's Days Sales Outstanding

For the Insurance - Diversified subindustry, Horai Co's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Horai Co's Days Sales Outstanding Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Horai Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Horai Co's Days Sales Outstanding falls into.

Horai Co Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Horai Co's Days Sales Outstanding for the fiscal year that ended in Sep. 2023 is calculated as

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (350.075	+	360.657)	/	2 )	/	5185.512	*	365
=	355.366					/	5185.512	*	365
=	25.01

Horai Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (285.861	+	332.918)	/	2 )	/	1173.892	*	365 / 4
=	309.3895					/	1173.892	*	365 / 4
=	24.05

Horai Co (TSE:9679) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Horai Co Days Sales Outstanding Related Terms

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Horai Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Horai Co Ltd (TSE:9679) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 14, Number 5, Ginza, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.horai-kk.co.jp

Horai Co Ltd is engaged in the life insurance business, leasing and management of buildings and real estate, manufacture and sale of milk and dairy products, breeding, milking, and fed production of dairy cattle, and management of restaurants and tourist facilities.

Horai Co Headlines

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