L is B (TSE:145A) Receivables Turnover : 1.47 (As of Jun. 2024)

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What is L is B 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. L is B's Revenue for the three months ended in Jun. 2024 was 円395 Mil. L is B's average Accounts Receivable for the three months ended in Jun. 2024 was 円269 Mil. Hence, L is B's Receivables Turnover for the three months ended in Jun. 2024 was 1.47.

L is B Receivables Turnover Historical Data

The historical data trend for L is B'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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L is B Receivables Turnover Chart

L is B Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

3.91

5.51

7.12

L is B Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial			-	-	1.51	1.43	1.47

Competitive Comparison of L is B's Receivables Turnover

For the Software - Infrastructure subindustry, L is B'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.

L is B's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, L is B's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where L is B's Receivables Turnover falls into.

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L is B Receivables Turnover Calculation

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

L is B's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1279.912	/ (	(154.988	+	204.381)	/	2 )
=	1279.912	/	179.6845
=	7.12

L is B's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	394.58	/ (	(305.656	+	232.851)	/	2 )
=	394.58	/	269.2535
=	1.47

L is B (TSE:145A) 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.

L is B Receivables Turnover Related Terms

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L is B Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » L is B Corp (TSE:145A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-11-11 Iwamotocho, Chiyoda-ku, Tokyo, JPN, 101-0032

Website

https://www.l-is-b.com/ja

L is B Corp is engaged in development and provision of on-site DX services centered on business chat "direct" for feed workers.

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