Thinca Co (TSE:149A) Receivables Turnover : 3.91 (As of Mar. 2024)

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What is Thinca 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. Thinca Co's Revenue for the three months ended in Mar. 2024 was 円292.0 Mil. Thinca Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円74.7 Mil. Hence, Thinca Co's Receivables Turnover for the three months ended in Mar. 2024 was 3.91.

Thinca Co Receivables Turnover Historical Data

The historical data trend for Thinca 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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Thinca Co Receivables Turnover Chart

Thinca Co Annual Data

Trend

Dec21

Dec22

Dec23

Receivables Turnover

18.27

18.02

18.10

Thinca Co Quarterly Data
	Dec21	Dec22	Sep23	Dec23	Mar24
Receivables Turnover	-	-	-	4.10	3.91

Competitive Comparison of Thinca Co's Receivables Turnover

For the Software - Application subindustry, Thinca 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.

Thinca Co's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Thinca Co's Receivables Turnover distribution charts can be found below:

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

Thinca Co Receivables Turnover Calculation

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

Thinca 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 )
=	1040.169	/ (	(53.707	+	61.226)	/	2 )
=	1040.169	/	57.4665
=	18.10

Thinca 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 )
=	291.968	/ (	(61.226	+	88.247)	/	2 )
=	291.968	/	74.7365
=	3.91

Thinca Co (TSE:149A) 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.

Thinca Co Receivables Turnover Related Terms

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Thinca Co (TSE:149A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Thinca Co Ltd (TSE:149A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3 Kanda-Nishiki-cho, Chiyoda-ku, Tokyo, JPN, 101-0054

Website

Thinca Co Ltd is engaged in development and distribution of communication platform "KAICLOUD", and other related business.

Thinca Co (TSE:149A) Headlines

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