Planet (TSE:2391) Receivables Turnover : 1.60 (As of Jul. 2024)

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What is Planet 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. Planet's Revenue for the three months ended in Jul. 2024 was 円816 Mil. Planet's average Accounts Receivable for the three months ended in Jul. 2024 was 円509 Mil. Hence, Planet's Receivables Turnover for the three months ended in Jul. 2024 was 1.60.

Planet Receivables Turnover Historical Data

The historical data trend for Planet'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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Planet Receivables Turnover Chart

Planet Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Receivables Turnover

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6.58

6.33

6.29

6.22

6.24

Planet Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Receivables Turnover	Get a 7-Day Free Trial															1.59	1.59	1.59	1.58	1.60

Competitive Comparison of Planet's Receivables Turnover

For the Information Technology Services subindustry, Planet'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.

Planet's Receivables Turnover Distribution in the Software Industry

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

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

Planet Receivables Turnover Calculation

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

Planet's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Receivables Turnover (A: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2024 )	/ (	(Accounts Receivable (A: Jul. 2023 )	+	Accounts Receivable (A: Jul. 2024 ))	/	count )
=	3172.55	/ (	(499.662	+	517.889)	/	2 )
=	3172.55	/	508.7755
=	6.24

Planet's Receivables Turnover for the quarter that ended in Jul. 2024 is calculated as

	Receivables Turnover (Q: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2024 )	/ (	(Accounts Receivable (Q: Apr. 2024 )	+	Accounts Receivable (Q: Jul. 2024 ))	/	count )
=	815.684	/ (	(499.762	+	517.889)	/	2 )
=	815.684	/	508.8255
=	1.60

Planet (TSE:2391) 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.

Planet Receivables Turnover Related Terms

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Planet Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Planet Inc (TSE:2391) » Definitions » Receivables Turnover

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Address

Bunka Hoso Media Plus Building, Nippon Cultural Broadcasting, 3rd Floor 1-31 Hamamatsucho, Minato-ku, Tokyo, JPN, 105 0013

Website

http://www.planet-van.co.jp

Planet Inc is engaged in the construction, provision and operation of electronic data interchange (EDI) backbone platform. Services offered by the company include EDI (data exchange), Product database and Buyers' Net. EDI (data exchange) includes electronic data exchange with manufacturers, wholesale businesses and material suppliers such as ordering, shipping, billing/payment. Product database is a service that provides merchandise information registered by manufacturers in the distribution industry from the Internet. Buyers' Net is an information provision service on the Internet that efficiently supports information exchange between manufacturers, wholesale businesses and retailers. It provides information such as product information, industry news and company campaigns.

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