JM Holdings Co (TSE:3539) Receivables Turnover : 13.13 (As of Jan. 2024)

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What is JM 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. JM Holdings Co's Revenue for the three months ended in Jan. 2024 was 円45,570 Mil. JM Holdings Co's average Accounts Receivable for the three months ended in Jan. 2024 was 円3,470 Mil. Hence, JM Holdings Co's Receivables Turnover for the three months ended in Jan. 2024 was 13.13.

JM Holdings Co Receivables Turnover Historical Data

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

JM Holdings Co Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

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85.11

73.36

58.44

54.53

49.76

JM Holdings Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															14.09	12.58	12.18	12.02	13.13

Competitive Comparison of JM Holdings Co's Receivables Turnover

For the Grocery Stores subindustry, JM 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.

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

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

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

JM Holdings Co Receivables Turnover Calculation

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

JM Holdings Co's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	154815	/ (	(2774	+	3448)	/	2 )
=	154815	/	3111
=	49.76

JM Holdings Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	45570	/ (	(3441	+	3498)	/	2 )
=	45570	/	3469.5
=	13.13

JM Holdings Co (TSE:3539) 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.

JM Holdings Co Receivables Turnover Related Terms

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JM Holdings Co (TSE:3539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » JM Holdings Co Ltd (TSE:3539) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tsuchiura-shi wholesale Town 2-3, 30 Ibaraki prefecture, Ibaraki, JPN, 300-0847

Website

http://www.japanmeat.co.jp

JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods.

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