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Cross Cat Co (TSE:2307) Receivables Turnover : 1.09 (As of Dec. 2023)


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What is Cross Cat 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. Cross Cat Co's Revenue for the three months ended in Dec. 2023 was 円3,863 Mil. Cross Cat Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円3,557 Mil. Hence, Cross Cat Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.09.


Cross Cat Co Receivables Turnover Historical Data

The historical data trend for Cross Cat 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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Cross Cat Co Receivables Turnover Chart

Cross Cat 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 3.43 3.38 3.48 3.83 3.89

Cross Cat 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 0.98 0.96 1.06 1.17 1.09

Competitive Comparison of Cross Cat Co's Receivables Turnover

For the Software - Application subindustry, Cross Cat 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.


Cross Cat Co's Receivables Turnover Distribution in the Software Industry

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

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



Cross Cat Co Receivables Turnover Calculation

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

Cross Cat 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 )
=13835.749 / ((3436.767 + 3671.187) / 2 )
=13835.749 / 3553.977
=3.89

Cross Cat 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 )
=3863.021 / ((3449.177 + 3664.354) / 2 )
=3863.021 / 3556.7655
=1.09

* 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.


Cross Cat Co  (TSE:2307) 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.


Cross Cat Co Receivables Turnover Related Terms

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Cross Cat Co (TSE:2307) Business Description

Traded in Other Exchanges
N/A
Address
1-2-70 Konan, Minato-ku, Shinagawa Season Terrace, Tokyo, JPN, 108-0075
Cross Cat Co Ltd provides an array of system solutions in the area of system development services and business intelligence. It provides system solutions and staffing services to the financial, credit, public, telecom, manufacturing, retail, and other sectors. It also offers staffing solutions such as employee dispatching and outsourcing services.

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