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Tohokushinsha Film (TSE:2329) Receivables Turnover : 1.33 (As of Dec. 2023)


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What is Tohokushinsha Film 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. Tohokushinsha Film's Revenue for the three months ended in Dec. 2023 was 円12,196 Mil. Tohokushinsha Film's average Accounts Receivable for the three months ended in Dec. 2023 was 円9,190 Mil. Hence, Tohokushinsha Film's Receivables Turnover for the three months ended in Dec. 2023 was 1.33.


Tohokushinsha Film Receivables Turnover Historical Data

The historical data trend for Tohokushinsha Film'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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Tohokushinsha Film Receivables Turnover Chart

Tohokushinsha Film 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 3.69 3.68 3.55 3.47 3.69

Tohokushinsha Film 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 1.15 1.35 1.00 1.24 1.33

Competitive Comparison of Tohokushinsha Film's Receivables Turnover

For the Entertainment subindustry, Tohokushinsha Film'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.


Tohokushinsha Film's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Tohokushinsha Film's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tohokushinsha Film's Receivables Turnover falls into.



Tohokushinsha Film Receivables Turnover Calculation

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

Tohokushinsha Film'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 )
=55922 / ((15878 + 14410) / 2 )
=55922 / 15144
=3.69

Tohokushinsha Film'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 )
=12196 / ((8975 + 9404) / 2 )
=12196 / 9189.5
=1.33

* 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.


Tohokushinsha Film  (TSE:2329) 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.


Tohokushinsha Film Receivables Turnover Related Terms

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Tohokushinsha Film (TSE:2329) Business Description

Traded in Other Exchanges
N/A
Address
4-8-10 Akasaka, Minato-ku, Tokyo, JPN
Tohokushinsha Film Corp is a Japanese based media company. It operates in four business divisions including media production, distribution, broadcasting and commercial film production. Its business activities include advertising production, sales promotion, digital production, dubbing and subtitling, film distribution, film library, television distribution, and broadcasting operations.

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