Billing System (TSE:3623) Receivables Turnover : 2.70 (As of Mar. 2024)

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What is Billing System 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. Billing System's Revenue for the three months ended in Mar. 2024 was 円996 Mil. Billing System's average Accounts Receivable for the three months ended in Mar. 2024 was 円369 Mil. Hence, Billing System's Receivables Turnover for the three months ended in Mar. 2024 was 2.70.

Billing System Receivables Turnover Historical Data

The historical data trend for Billing System'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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Billing System Receivables Turnover Chart

Billing System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.33

10.02

9.53

11.12

10.63

Billing System 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															2.60	2.67	2.48	2.92	2.70

Competitive Comparison of Billing System's Receivables Turnover

For the Software - Infrastructure subindustry, Billing System'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.

Billing System's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Billing System's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Billing System's Receivables Turnover falls into.

Billing System Receivables Turnover Calculation

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

Billing System's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	3782.637	/ (	(334.911	+	376.538)	/	2 )
=	3782.637	/	355.7245
=	10.63

Billing System's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	995.601	/ (	(376.538	+	361.733)	/	2 )
=	995.601	/	369.1355
=	2.70

Billing System (TSE:3623) 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.

Billing System Receivables Turnover Related Terms

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Billing System (TSE:3623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Billing System Corp (TSE:3623) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Imperial Hotel Tower 13F 1-1-1, Uchisaiwai, Tokyo, JPN, 100-0011

Website

http://www.billingjapan.co.jp

Billing System Corp is engaged in the provision of business contract services and consulting services. It operates in the following business divisions: The Settlement Support division which includes quick credit, agency payment and payment support services, in support of the streamlining for call-in, payment and cash management businesses through the company's settlement platform, the finance division which includes financing agency business between companies and commercial money lenders and other division is engaged in the provision of environmental business-related services, as well as consulting services.

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