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Como Co (TSE:2224) Receivables Turnover : 1.66 (As of Dec. 2023)


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What is Como 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. Como Co's Revenue for the three months ended in Dec. 2023 was 円1,854 Mil. Como Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,114 Mil. Hence, Como Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.66.


Como Co Receivables Turnover Historical Data

The historical data trend for Como 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.

* Premium members only.

Como Co Receivables Turnover Chart

Como Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.65 7.25 7.54 6.98 7.01

Como 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 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 1.71 1.55 1.82 1.64 1.66

Competitive Comparison of Como Co's Receivables Turnover

For the Packaged Foods subindustry, Como 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.


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

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

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



Como Co Receivables Turnover Calculation

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

Como 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 )
=7040.413 / ((1003.569 + 1005.152) / 2 )
=7040.413 / 1004.3605
=7.01

Como 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 )
=1853.574 / ((1083.391 + 1143.876) / 2 )
=1853.574 / 1113.6335
=1.66

* 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.


Como Co  (TSE:2224) 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.


Como Co Receivables Turnover Related Terms

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Como Co (TSE:2224) Business Description

Traded in Other Exchanges
N/A
Address
Ojimura Nakaji Shimonokotsu 1 1, Aichi Prefecture, Komaki, JPN, 485 0082
Como Co Ltd. is a Japanese manufacturer and seller of long life bread and bread products. It offers croissants, Danish, and panettones through its stores, vending machines and direct sales.

Como Co (TSE:2224) Headlines

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