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Career Bank Co (SSE:4834) Receivables Turnover : 1.49 (As of Feb. 2024)


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What is Career Bank 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. Career Bank Co's Revenue for the three months ended in Feb. 2024 was 円2,343 Mil. Career Bank Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円1,569 Mil. Hence, Career Bank Co's Receivables Turnover for the three months ended in Feb. 2024 was 1.49.


Career Bank Co Receivables Turnover Historical Data

The historical data trend for Career Bank 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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Career Bank Co Receivables Turnover Chart

Career Bank Co Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.04 10.40 10.67 10.89 10.89

Career Bank 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.28 1.15 1.96 1.67 1.49

Competitive Comparison of Career Bank Co's Receivables Turnover

For the Staffing & Employment Services subindustry, Career Bank 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.


Career Bank Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Career Bank Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Career Bank Co's Receivables Turnover falls into.



Career Bank Co Receivables Turnover Calculation

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

Career Bank Co's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

Receivables Turnover (A: May. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2023 ) / ((Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count )
=7964.824 / ((742.401 + 719.99) / 2 )
=7964.824 / 731.1955
=10.89

Career Bank Co's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=2343.263 / ((1022.202 + 2115.685) / 2 )
=2343.263 / 1568.9435
=1.49

* 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.


Career Bank Co  (SSE:4834) 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.


Career Bank Co Receivables Turnover Related Terms

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Career Bank Co (SSE:4834) Business Description

Traded in Other Exchanges
N/A
Address
5-7 Kitagojo-nishi, Chuo-ku, Sapporo, JPN, 060-0005
Career Bank Co Ltd operates as a human resources company in Japan. It provides temporary staffing, recruitment, outplacement, sales outsourcing, event management staffing, and payroll services. It also provides outsourcing, re-employment support, education/training, payroll business.

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