System Research Co (TSE:3771) Receivables Turnover: 2.65 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3771 System Research Co Ltd TSE:3771
84 GF Score
Price 円1,873.00
GF Value 円2,044.48
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is System Research Co Receivables Turnover?

System Research Co TSE:3771 +0.11% 84 Receivables Turnover is 2.65 as of Mar. 2026. GuruFocus rates TSE:3771 with a GF Score™ of 84/100 and a GF Value™ of 円2,044.48 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,782 Software companies, System Research Co ranks worse than 54.49% on this metric.

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. System Research Co's Revenue for the six months ended in Mar. 2026 was 円14,889 Mil. System Research Co's average Accounts Receivable for the six months ended in Mar. 2026 was 円5,623 Mil. Hence, System Research Co's Receivables Turnover for the six months ended in Mar. 2026 was 2.65.


System Research Co  (TSE:3771) 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.


System Research Co Receivables Turnover Related Terms


System Research Co Receivables Turnover Historical Data

* Premium members only.

The historical data trend for System Research 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.

System Research Co Receivables Turnover Chart

System Research Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.40 5.56 5.60 5.73 5.48

System Research Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 2.82 2.81 2.77 2.76 2.65

TSE:3771 vs QH, SHOP, UBER: Receivables Turnover Comparison

For the Software - Application subindustry, System Research 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.


System Research Co Receivables Turnover vs Software Industry

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

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


TSE:3771
84GF Score
System Research Co Ltd TSE:3771
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

System Research Co Receivables Turnover Calculation

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

System Research Co's Receivables Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Receivables Turnover (A: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2026 ) / ((Accounts Receivable (A: Mar. 2025 ) + Accounts Receivable (A: Mar. 2026 )) / count )
=29083.482 / ((4831.14 + 5789.765) / 2 )
=29083.482 / 5310.4525
=5.48

System Research Co's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Sep. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=14889.047 / ((5457.211 + 5789.765) / 2 )
=14889.047 / 5623.488
=2.65

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 2.65 mean?
System Research Co (TSE:3771) has a Receivables Turnover of 2.65 as of Mar. 2026. The accounts 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. View historical data on System Research Co and its competitors. According to the industry distribution chart, System Research Co ranks #1516 out of 2782 companies in the Software industry, placing it in the top 54.5%.
Is System Research Co's Receivables Turnover too high?
System Research Co's current Receivables Turnover is 2.65. The Software industry median Receivables Turnover is 5.76. System Research Co's value of 2.65 is 54% below this industry median. Based on the distribution chart, System Research Co ranks #1516 out of 2782 companies in the Software industry, which is below the industry midpoint. Overall, System Research Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does System Research Co's Receivables Turnover compare to QH and SHOP?
According to the Software industry distribution chart, System Research Co ranks #1516 out of 2782 companies for Receivables Turnover. This places System Research Co in the lower half of its industry. The industry median Receivables Turnover is 5.76. System Research Co's value of 2.65 is 54% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Software company?
The median Receivables Turnover among Software companies is 5.76, based on 2,782 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. System Research Co's current Receivables Turnover of 2.65 is 54% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on System Research Co and its competitors. For the Software industry, the median Receivables Turnover is 5.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. System Research Co's current Receivables Turnover is 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System Research Co stock overvalued right now?
Based on GuruFocus' analysis, System Research Co (TSE:3771) is currently considered Fairly Valued. The stock's GF Value™ is 円2,044.48, compared to a current price of 円1,873.00 — trading 8.4% below its estimated fair value. The current Receivables Turnover is 2.65 and 54% below the Software industry median of 5.76. System Research Co's overall GF Score™ is 84/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For System Research Co (TSE:3771), the current Receivables Turnover is 2.65 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is System Research Co (TSE:3771) Overvalued in 2026?

Based on GuruFocus' analysis, System Research Co stock appears to be undervalued. The current stock price of 円1,873.00 is trading 8.4% below its estimated GF Value™ of 円2,044.48. GuruFocus considers System Research Co to be Fairly Valued.

Key valuation signals for TSE:3771:

  • Receivables Turnover: 2.65
  • GF Value™: 円2,044.48 vs. price of 円1,873.00 (8.4% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 54% below the Software median (#1516 of 2782)

No single metric tells the full story. See the TSE:3771 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


System Research Co Business Description

Address 2-12, Iwatsukahon-tori, Nakamura-ku, Nagoya, JPN, 453-0861
System Research Co Ltd is a software application service provider in Japan. The business of the company includes SI service operations, outsourcing business, web-related business, software development work, software product business, and product sales.
84GF Score

Get the complete analysis for TSE:3771

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,873.00
Price
円2,044.48
GF Value