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Tecmira Holdings (TSE:3627) Receivables Turnover : 2.20 (As of May. 2024)


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What is Tecmira Holdings 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. Tecmira Holdings's Revenue for the three months ended in May. 2024 was 円2,792 Mil. Tecmira Holdings's average Accounts Receivable for the three months ended in May. 2024 was 円1,267 Mil. Hence, Tecmira Holdings's Receivables Turnover for the three months ended in May. 2024 was 2.20.


Tecmira Holdings Receivables Turnover Historical Data

The historical data trend for Tecmira Holdings'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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Tecmira Holdings Receivables Turnover Chart

Tecmira Holdings Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.17 7.50 8.79 7.17 6.90

Tecmira Holdings Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 1.55 1.89 1.54 2.07 2.20

Competitive Comparison of Tecmira Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Tecmira Holdings'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.


Tecmira Holdings's Receivables Turnover Distribution in the Software Industry

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

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



Tecmira Holdings Receivables Turnover Calculation

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

Tecmira Holdings's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Receivables Turnover (A: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2024 ) / ((Accounts Receivable (A: Feb. 2023 ) + Accounts Receivable (A: Feb. 2024 )) / count )
=8736.684 / ((1282.284 + 1251.672) / 2 )
=8736.684 / 1266.978
=6.90

Tecmira Holdings's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

Receivables Turnover (Q: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: May. 2024 ) / ((Accounts Receivable (Q: Feb. 2024 ) + Accounts Receivable (Q: May. 2024 )) / count )
=2792.179 / ((1251.672 + 1282.606) / 2 )
=2792.179 / 1267.139
=2.20

* 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.


Tecmira Holdings  (TSE:3627) 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.


Tecmira Holdings Receivables Turnover Related Terms

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Tecmira Holdings Business Description

Traded in Other Exchanges
N/A
Address
1-23-1, Kandasudacho, Sumitomo Fudosan Kanda, Building No. 2 10th Floor, Tokyo, JPN, 101-0041
Tecmira Holdings Inc formerly JNS Holdings Inc is a Japan based company engaged in providing construction of web site, mobile application development, cloud solution, onsite support, web marketing, infrastructure construction, and system development.

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