PXDT (Pixie Dust Technologies) Receivables Turnover : 5.36 (As of Apr. 2024)

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What is Pixie Dust Technologies 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. Pixie Dust Technologies's Revenue for the six months ended in Apr. 2024 was $4.51 Mil. Pixie Dust Technologies's average Accounts Receivable for the six months ended in Apr. 2024 was $0.84 Mil. Hence, Pixie Dust Technologies's Receivables Turnover for the six months ended in Apr. 2024 was 5.36.

Pixie Dust Technologies Receivables Turnover Historical Data

The historical data trend for Pixie Dust Technologies'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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Pixie Dust Technologies Receivables Turnover Chart

Pixie Dust Technologies Annual Data

Trend

Apr21

Apr22

Apr23

Apr24

Receivables Turnover

32.88

12.62

4.92

4.19

Pixie Dust Technologies Semi-Annual Data
	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Receivables Turnover	Get a 7-Day Free Trial			5.52	1.45	3.52	2.53	5.36

Competitive Comparison of Pixie Dust Technologies's Receivables Turnover

For the Consumer Electronics subindustry, Pixie Dust Technologies'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.

Pixie Dust Technologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pixie Dust Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pixie Dust Technologies's Receivables Turnover falls into.

Pixie Dust Technologies Receivables Turnover Calculation

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

Pixie Dust Technologies's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

	Receivables Turnover (A: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Apr. 2024 )	/ (	(Accounts Receivable (A: Apr. 2023 )	+	Accounts Receivable (A: Apr. 2024 ))	/	count )
=	6.453	/ (	(1.49	+	1.592)	/	2 )
=	6.453	/	1.541
=	4.19

Pixie Dust Technologies's Receivables Turnover for the quarter that ended in Apr. 2024 is calculated as

	Receivables Turnover (Q: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Apr. 2024 ))	/	count )
=	4.509	/ (	(0.091	+	1.592)	/	2 )
=	4.509	/	0.8415
=	5.36

Pixie Dust Technologies (NAS:PXDT) 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.

Pixie Dust Technologies Receivables Turnover Related Terms

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Pixie Dust Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Pixie Dust Technologies Inc (NAS:PXDT) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

2-2-1 Yaesu, 8th Floor, Yaesu Central Tower, Chuo-ku, Tokyo, JPN, 104-0028

Website

https://www.pixiedusttech.com

Pixie Dust Technologies Inc is the serial incubator that provides solutions for social trust and faith. The company develops computer technology that blends into the world by using interface technology that utilizes sound and light. Its products include Sound Hug: A device that allows one to enjoy music with light and vibration by hugging it, Sonorepro; a hair care device equipped with non-contact oscillating pressure stimulation technology born from ultrasonic research, Vuevo; A service that visualizes conversations between multiple people and connects differences in hearing, and kikippa; gamma wave sound care device.