Vega Co (TSE:3542) Receivables Turnover : 3.11 (As of Dec. 2023)

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What is Vega 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. Vega Co's Revenue for the three months ended in Dec. 2023 was 円3,906 Mil. Vega Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,256 Mil. Hence, Vega Co's Receivables Turnover for the three months ended in Dec. 2023 was 3.11.

Vega Co Receivables Turnover Historical Data

The historical data trend for Vega 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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Vega Co Receivables Turnover Chart

Vega Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.92

9.63

10.94

8.93

9.21

Vega 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															2.96	2.77	2.64	2.96	3.11

Competitive Comparison of Vega Co's Receivables Turnover

For the Internet Retail subindustry, Vega 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.

Vega Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

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

Vega Co Receivables Turnover Calculation

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

Vega 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 )
=	16973.424	/ (	(1870.679	+	1814.017)	/	2 )
=	16973.424	/	1842.348
=	9.21

Vega 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 )
=	3906.159	/ (	(1208.954	+	1303.529)	/	2 )
=	3906.159	/	1256.2415
=	3.11

Vega Co (TSE:3542) 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.

Vega Co Receivables Turnover Related Terms

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Vega Co (TSE:3542) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Vega Corp Co Ltd (TSE:3542) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7-20 Gionmachi, 4th Floor, Hakata Gion Center Place, Hakata-ku, Fukuoka, JPN, 812-0038

Website

http://www.vega-c.com

Vega Corp Co Ltd operates EC platform focused on lifestyle furniture, interior products, and sundries. The company sells furniture and interior products. It is engaged in the provision of Internet mail-order businesses of furniture and interior, and operation of a global e-commerce (EC) site targeted for cross-border market. The E-commerce platform is engaged in purchasing and sale of sofas, chairs and beds.

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