Daiwabo Holdings Co (TSE:3107) Receivables Turnover : 1.17 (As of Dec. 2023)

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What is Daiwabo Holdings 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. Daiwabo Holdings Co's Revenue for the three months ended in Dec. 2023 was 円229,354 Mil. Daiwabo Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円195,554 Mil. Hence, Daiwabo Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.17.

Daiwabo Holdings Co Receivables Turnover Historical Data

The historical data trend for Daiwabo Holdings 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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Daiwabo Holdings Co Receivables Turnover Chart

Daiwabo Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.66

4.71

3.54

4.50

4.27

Daiwabo Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.23	1.05	1.25	1.17	1.36

Competitive Comparison of Daiwabo Holdings Co's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Daiwabo Holdings 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.

Daiwabo Holdings Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Daiwabo Holdings Co's Receivables Turnover distribution charts can be found below:

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

Daiwabo Holdings Co Receivables Turnover Calculation

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

Daiwabo Holdings Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	967760	/ (	(216674	+	236305)	/	2 )
=	967760	/	226489.5
=	4.27

Daiwabo Holdings 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 )
=	229354	/ (	(198009	+	193098)	/	2 )
=	229354	/	195553.5
=	1.17

Daiwabo Holdings Co (TSE:3107) 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.

Daiwabo Holdings Co Receivables Turnover Related Terms

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Daiwabo Holdings Co (TSE:3107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daiwabo Holdings Co Ltd (TSE:3107) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

08, No. 06, No. 3-chome, Chuo Ward, Osaka, JPN, 541-0056

Website

http://www.daiwabo-holdings.com

Daiwabo Holdings Co Ltd engages in the IT infrastructure distribution business in Japan and internationally. The company distributes computer appliances and peripheral devices. It is also involved in manufacturing, processing, and selling of synthetic fibers, nonwovens, industrial materials and related products. It is also involved in manufacture and selling of machine parts for production equipment and casting parts. In addition, the company is engaged in hotel management business, golf course running business, real-estate business, insurance agency and engineering business.

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