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Daikokutenbussan Co (TSE:2791) Receivables Turnover : 564.87 (As of Feb. 2024)


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What is Daikokutenbussan 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. Daikokutenbussan Co's Revenue for the three months ended in Feb. 2024 was 円68,349 Mil. Daikokutenbussan Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円121 Mil. Hence, Daikokutenbussan Co's Receivables Turnover for the three months ended in Feb. 2024 was 564.87.


Daikokutenbussan Co Receivables Turnover Historical Data

The historical data trend for Daikokutenbussan 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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Daikokutenbussan Co Receivables Turnover Chart

Daikokutenbussan Co Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 730.92 1,137.05 1,877.55 1,800.40 1,768.20

Daikokutenbussan Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 487.60 481.45 488.68 524.71 564.87

Competitive Comparison of Daikokutenbussan Co's Receivables Turnover

For the Grocery Stores subindustry, Daikokutenbussan 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.


Daikokutenbussan Co's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Daikokutenbussan Co's Receivables Turnover distribution charts can be found below:

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



Daikokutenbussan Co Receivables Turnover Calculation

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

Daikokutenbussan Co's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

Receivables Turnover (A: May. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: May. 2023 ) / ((Accounts Receivable (A: May. 2022 ) + Accounts Receivable (A: May. 2023 )) / count )
=242243 / ((123 + 151) / 2 )
=242243 / 137
=1,768.20

Daikokutenbussan Co's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=68349 / ((128 + 114) / 2 )
=68349 / 121
=564.87

* 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.


Daikokutenbussan Co  (TSE:2791) 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.


Daikokutenbussan Co Receivables Turnover Related Terms

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Daikokutenbussan Co (TSE:2791) Business Description

Traded in Other Exchanges
N/A
Address
704-5, Horinan, Okayama, JPN
Daikokutenbussan Co Ltd is primarily engaged in selling retail and wholesale food and other products. The company develops and sells private brand products. Daikokuten Bussan operates in two business segments. The retail segment manufactures and sells fresh foods, processed foods, and bread and confectionery products. It also operates supermarkets, a property leasing business, a trademark management business, recycling operations, and a store cleaning operation. The other segment is the company's wholesale business.

Daikokutenbussan Co (TSE:2791) Headlines

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