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Iida Group Holdings Co (TSE:3291) Receivables Turnover : 23.44 (As of Dec. 2023)


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What is Iida Group 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. Iida Group Holdings Co's Revenue for the three months ended in Dec. 2023 was 円346,104 Mil. Iida Group Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円14,769 Mil. Hence, Iida Group Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 23.44.


Iida Group Holdings Co Receivables Turnover Historical Data

The historical data trend for Iida Group 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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Iida Group Holdings Co Receivables Turnover Chart

Iida Group Holdings Co 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 346.78 242.56 200.07 121.12 98.44

Iida Group Holdings Co 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 21.26 27.18 22.90 24.24 23.44

Competitive Comparison of Iida Group Holdings Co's Receivables Turnover

For the Residential Construction subindustry, Iida Group 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.


Iida Group Holdings Co's Receivables Turnover Distribution in the Homebuilding & Construction Industry

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

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



Iida Group Holdings Co Receivables Turnover Calculation

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

Iida Group Holdings 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 )
=1439765 / ((15232 + 14019) / 2 )
=1439765 / 14625.5
=98.44

Iida Group 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 )
=346104 / ((15613 + 13924) / 2 )
=346104 / 14768.5
=23.44

* 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.


Iida Group Holdings Co  (TSE:3291) 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.


Iida Group Holdings Co Receivables Turnover Related Terms

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Iida Group Holdings Co (TSE:3291) Business Description

Traded in Other Exchanges
Address
1-4-1, Nishihara-cho Nishitokyo, Tokyo, JPN
Iida Group Holdings Co Ltd is engaged in the operation of real estate business. It is involved in the development of real estate properties and the sale of various real estate properties. The company is also involved in various other real estate-related activities, such as renovation works, real estate brokerage services, hot spring and golf course operations, arrangement and lending of mortgage loans, and the provision of Internet-related consulting services, among others.

Iida Group Holdings Co (TSE:3291) Headlines

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