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Aida Sekkei Co (TSE:2990) Receivables Turnover : 23.18 (As of Sep. 2023)


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What is Aida Sekkei 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. Aida Sekkei Co's Revenue for the six months ended in Sep. 2023 was 円25,939 Mil. Aida Sekkei Co's average Accounts Receivable for the six months ended in Sep. 2023 was 円1,119 Mil. Hence, Aida Sekkei Co's Receivables Turnover for the six months ended in Sep. 2023 was 23.18.


Aida Sekkei Co Receivables Turnover Historical Data

The historical data trend for Aida Sekkei 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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Aida Sekkei Co Receivables Turnover Chart

Aida Sekkei Co Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
- - 95.64 63.23 44.29

Aida Sekkei Co Semi-Annual Data
Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 54.67 21.38 21.59 22.77 23.18

Competitive Comparison of Aida Sekkei Co's Receivables Turnover

For the Residential Construction subindustry, Aida Sekkei 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.


Aida Sekkei Co's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Aida Sekkei Co's Receivables Turnover distribution charts can be found below:

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



Aida Sekkei Co Receivables Turnover Calculation

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

Aida Sekkei 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 )
=56468 / ((1360 + 1190) / 2 )
=56468 / 1275
=44.29

Aida Sekkei Co's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

Receivables Turnover (Q: Sep. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2023 ) / ((Accounts Receivable (Q: Mar. 2023 ) + Accounts Receivable (Q: Sep. 2023 )) / count )
=25939 / ((1190 + 1048) / 2 )
=25939 / 1119
=23.18

* 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.


Aida Sekkei Co  (TSE:2990) 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.


Aida Sekkei Co Receivables Turnover Related Terms

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Aida Sekkei Co (TSE:2990) Business Description

Traded in Other Exchanges
N/A
Address
2-286 Sakuragicho, Omiya-ku, Saitama Prefecture, Saitama, JPN, 330-0854
Aida Sekkei Co Ltd is engaged in the sales and construction of pre-build homes and custom build homes.

Aida Sekkei Co (TSE:2990) Headlines

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