Nippon Grande Co (SSE:2976) Receivables Turnover : 120.63 (As of Dec. 2023)

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What is Nippon Grande 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. Nippon Grande Co's Revenue for the three months ended in Dec. 2023 was 円1,696 Mil. Nippon Grande Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円14 Mil. Hence, Nippon Grande Co's Receivables Turnover for the three months ended in Dec. 2023 was 120.63.

Nippon Grande Co Receivables Turnover Historical Data

The historical data trend for Nippon Grande 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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Nippon Grande Co Receivables Turnover Chart

Nippon Grande Co Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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543.85

139.01

73.37

86.38

139.45

Nippon Grande Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															60.49	122.30	52.91	21.47	120.63

Competitive Comparison of Nippon Grande Co's Receivables Turnover

For the Real Estate Services subindustry, Nippon Grande 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.

Nippon Grande Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Nippon Grande Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nippon Grande Co's Receivables Turnover falls into.

Nippon Grande Co Receivables Turnover Calculation

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

Nippon Grande Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	4563.64	/ (	(47.962	+	17.489)	/	2 )
=	4563.64	/	32.7255
=	139.45

Nippon Grande 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 )
=	1696.273	/ (	(9.844	+	18.279)	/	2 )
=	1696.273	/	14.0615
=	120.63

Nippon Grande Co (SSE:2976) 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.

Nippon Grande Co Receivables Turnover Related Terms

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Nippon Grande Co (SSE:2976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nippon Grande Co Ltd (SSE:2976) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

5-chome, Odori Nishi 1-chome, Chuo-ku, Sapporo City, JPN

Website

https://www.nippon-grande.co.jp

Nippon Grande Co Ltd is a Japanese based company engaged in providing real estate based services. It offers real estate sales, real estate leasing and other services.

Nippon Grande Co (SSE:2976) Headlines

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