Hatch Work Co (TSE:148A) Receivables Turnover : 10.26 (As of Mar. 2024)

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What is Hatch Work 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. Hatch Work Co's Revenue for the three months ended in Mar. 2024 was 円548 Mil. Hatch Work Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円53 Mil. Hence, Hatch Work Co's Receivables Turnover for the three months ended in Mar. 2024 was 10.26.

Hatch Work Co Receivables Turnover Historical Data

The historical data trend for Hatch Work 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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Hatch Work Co Receivables Turnover Chart

Hatch Work Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

61.99

57.34

48.80

Hatch Work Co Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Mar24
Receivables Turnover	-	-	-	11.14	10.26

Competitive Comparison of Hatch Work Co's Receivables Turnover

For the Specialty Business Services subindustry, Hatch Work 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.

Hatch Work Co's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Hatch Work Co's Receivables Turnover falls into.

Hatch Work Co Receivables Turnover Calculation

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

Hatch Work Co'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 )
=	2056.408	/ (	(34.59	+	49.694)	/	2 )
=	2056.408	/	42.142
=	48.80

Hatch Work Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	548.069	/ (	(49.694	+	57.096)	/	2 )
=	548.069	/	53.395
=	10.26

Hatch Work Co (TSE:148A) 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.

Hatch Work Co Receivables Turnover Related Terms

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Hatch Work Co (TSE:148A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hatch Work Co Ltd (TSE:148A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

DF Building 2-2-8 Minamiaoyama, Minato-ku, Tokyo, JPN, 107-0062

Website

https://www.hatchwork.co.jp

Hatch Work Co Ltd provides the monthly parking search portalsite "At Parking", the monthly parking online management support service "At Parking Cloud" and the rental meeting room service "At Business Center".

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