Imuraya Group Co (TSE:2209) Receivables Turnover : 1.41 (As of Dec. 2023)

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What is Imuraya Group 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. Imuraya Group Co's Revenue for the three months ended in Dec. 2023 was 円14,013 Mil. Imuraya Group Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円9,946 Mil. Hence, Imuraya Group Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.41.

Imuraya Group Co Receivables Turnover Historical Data

The historical data trend for Imuraya Group 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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Imuraya Group Co Receivables Turnover Chart

Imuraya Group Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.10

6.70

8.37

8.26

8.36

Imuraya Group Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.65	1.46	1.61	1.70	1.41

Competitive Comparison of Imuraya Group Co's Receivables Turnover

For the Confectioners subindustry, Imuraya Group 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.

Imuraya Group Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Imuraya Group Co's Receivables Turnover distribution charts can be found below:

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

Imuraya Group Co Receivables Turnover Calculation

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

Imuraya Group Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	44685.134	/ (	(5188.868	+	5506.881)	/	2 )
=	44685.134	/	5347.8745
=	8.36

Imuraya Group Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	14013.378	/ (	(10413.039	+	9478.481)	/	2 )
=	14013.378	/	9945.76
=	1.41

Imuraya Group Co (TSE:2209) 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.

Imuraya Group Co Receivables Turnover Related Terms

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Imuraya Group Co (TSE:2209) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Imuraya Group Co Ltd (TSE:2209) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-1-1, Takachaya, Mie, Tsu, JPN, 514-8530

Website

http://www.imuraya-group.com

Imuraya Group Co Ltd is a Japanese confectionery company. It operates through following business divisions: Confectionery, Processed Food, Steamed Food, Ice Cream, Chilled (Refrigerated) Food, Food Service, Seasoning and Other. The Confectionery business is involved in the manufacturing and selling of a wide range of products such as Castella (sponge cake), Dorayaki (pancake with Azuki bean paste) and Wagashi (the Japanese traditional confectionery). The Processed Food division manufactures and sells healthy, safe and selected traditional Japanese foods. Its Chilled (Refrigerated) Food division manufactures and sells products such as a long-life Tofu and refrigerated Nikuman and Anman. Its Other business activities include property management, insurance and leasing agency.

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