Itoham Yonekyu Holdings (TSE:2296) Receivables Turnover : 1.82 (As of Mar. 2024)

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What is Itoham Yonekyu Holdings 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. Itoham Yonekyu Holdings's Revenue for the three months ended in Mar. 2024 was 円227,360 Mil. Itoham Yonekyu Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was 円124,715 Mil. Hence, Itoham Yonekyu Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 1.82.

Itoham Yonekyu Holdings Receivables Turnover Historical Data

The historical data trend for Itoham Yonekyu Holdings'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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Itoham Yonekyu Holdings Receivables Turnover Chart

Itoham Yonekyu Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.13

9.66

9.73

10.01

9.26

Itoham Yonekyu Holdings Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.35	2.29	2.05	1.82	2.12

Competitive Comparison of Itoham Yonekyu Holdings's Receivables Turnover

For the Packaged Foods subindustry, Itoham Yonekyu Holdings'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.

Itoham Yonekyu Holdings's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Itoham Yonekyu Holdings's Receivables Turnover falls into.

Itoham Yonekyu Holdings Receivables Turnover Calculation

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

Itoham Yonekyu Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	955580	/ (	(95322	+	110985)	/	2 )
=	955580	/	103153.5
=	9.26

Itoham Yonekyu Holdings'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 )
=	227360	/ (	(138444	+	110985)	/	2 )
=	227360	/	124714.5
=	1.82

Itoham Yonekyu Holdings (TSE:2296) 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.

Itoham Yonekyu Holdings Receivables Turnover Related Terms

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Itoham Yonekyu Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Itoham Yonekyu Holdings Inc (TSE:2296) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1-6-21 Mita, Meguro-ku, Tokyo, JPN

Website

http://www.itoham-yonekyu-holdings.com

Itoham Yonekyu Holdings Inc is a holding company operating in the food industry. The company through its subsidiaries engages in the manufacture and sale of processed meat products, processing, and sale of meat products and manufacture and sale of processed/precooked food products. Its meat products include ham, sausages, meatballs, and other processed meat products.

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