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Daiseki Eco Solution Co (TSE:1712) Receivables Turnover : 0.88 (As of Feb. 2024)


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What is Daiseki Eco Solution 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. Daiseki Eco Solution Co's Revenue for the three months ended in Feb. 2024 was 円4,575 Mil. Daiseki Eco Solution Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円5,200 Mil. Hence, Daiseki Eco Solution Co's Receivables Turnover for the three months ended in Feb. 2024 was 0.88.


Daiseki Eco Solution Co Receivables Turnover Historical Data

The historical data trend for Daiseki Eco Solution 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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Daiseki Eco Solution Co Receivables Turnover Chart

Daiseki Eco Solution Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.47 6.17 6.45 5.16 6.01

Daiseki Eco Solution 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 1.16 1.44 1.25 1.04 0.88

Competitive Comparison of Daiseki Eco Solution Co's Receivables Turnover

For the Waste Management subindustry, Daiseki Eco Solution 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.


Daiseki Eco Solution Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Daiseki Eco Solution Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Daiseki Eco Solution Co's Receivables Turnover falls into.



Daiseki Eco Solution Co Receivables Turnover Calculation

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

Daiseki Eco Solution Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Receivables Turnover (A: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2024 ) / ((Accounts Receivable (A: Feb. 2023 ) + Accounts Receivable (A: Feb. 2024 )) / count )
=24150 / ((3534 + 4509) / 2 )
=24150 / 4021.5
=6.01

Daiseki Eco Solution 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 )
=4575 / ((5890 + 4509) / 2 )
=4575 / 5199.5
=0.88

* 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.


Daiseki Eco Solution Co  (TSE:1712) 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.


Daiseki Eco Solution Co Receivables Turnover Related Terms

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Daiseki Eco Solution Co (TSE:1712) Business Description

Traded in Other Exchanges
N/A
Address
Funami-cho 1-86, Minato-ku, Nagoya-shi, JPN, 455-0027
Daiseki Eco Solution Co Ltd is engaged in soil contamination surveys, contaminated soil remediation, industrial waste collection and processing, environmental analysis, recycling of mercury, environmental consulting, and recycling of plasterboard in Japan.

Daiseki Eco Solution Co (TSE:1712) Headlines

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