Keyware Solutions (TSE:3799) Receivables Turnover: 2.37 (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:3799 Keyware Solutions Inc TSE:3799
72 GF Score
Price 円1,105.00
GF Value 円850.13
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Keyware Solutions Receivables Turnover?

Keyware Solutions TSE:3799 +2.22% 72 Receivables Turnover is 2.37 as of Mar. 2026. GuruFocus rates TSE:3799 with a GF Score™ of 72/100 and a GF Value™ of 円850.13 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,783 Software companies, Keyware Solutions ranks worse than 61.77% 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. Keyware Solutions's Revenue for the six months ended in Mar. 2026 was 円12,004 Mil. Keyware Solutions's average Accounts Receivable for the six months ended in Mar. 2026 was 円5,057 Mil. Hence, Keyware Solutions's Receivables Turnover for the six months ended in Mar. 2026 was 2.37.


Keyware Solutions  (TSE:3799) 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.


Keyware Solutions Receivables Turnover Related Terms


Keyware Solutions Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Keyware Solutions'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.

Keyware Solutions Receivables Turnover Chart

Keyware Solutions 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 4.10 5.22 5.16 5.39 5.22

Keyware Solutions 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 2.31 2.16 2.47 2.35 2.37

TSE:3799 vs IBM, ACN, FISV: Receivables Turnover Comparison

For the Information Technology Services subindustry, Keyware Solutions'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.


Keyware Solutions Receivables Turnover vs Software Industry

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

* The bar in red indicates where Keyware Solutions's Receivables Turnover falls into.


TSE:3799
72GF Score
Keyware Solutions Inc TSE:3799
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keyware Solutions Receivables Turnover Calculation

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

Keyware Solutions'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 )
=22724.908 / ((3865.247 + 4846.507) / 2 )
=22724.908 / 4355.877
=5.22

Keyware Solutions'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 )
=12003.556 / ((5267.23 + 4846.507) / 2 )
=12003.556 / 5056.8685
=2.37

* 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 2.37 mean?
Keyware Solutions (TSE:3799) has a Receivables Turnover of 2.37 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 Keyware Solutions and its competitors. According to the industry distribution chart, Keyware Solutions ranks #1719 out of 2783 companies in the Software industry, placing it in the top 61.8%.
Is Keyware Solutions' Receivables Turnover too high?
Keyware Solutions' current Receivables Turnover is 2.37. The Software industry median Receivables Turnover is 5.77. Keyware Solutions' value of 2.37 is 58.9% below this industry median. Based on the distribution chart, Keyware Solutions ranks #1719 out of 2783 companies in the Software industry, which is below the industry midpoint. Overall, Keyware Solutions has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keyware Solutions' Receivables Turnover compare to IBM and ACN?
According to the Software industry distribution chart, Keyware Solutions ranks #1719 out of 2783 companies for Receivables Turnover. This places Keyware Solutions in the lower half of its industry. The industry median Receivables Turnover is 5.77. Keyware Solutions' value of 2.37 is 58.9% 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 5.77, based on 2,783 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. Keyware Solutions's current Receivables Turnover of 2.37 is 58.9% 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 Keyware Solutions and its competitors. For the Software industry, the median Receivables Turnover is 5.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keyware Solutions's current Receivables Turnover is 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keyware Solutions stock overvalued right now?
Based on GuruFocus' analysis, Keyware Solutions (TSE:3799) is currently considered Modestly Overvalued. The stock's GF Value™ is 円850.13, compared to a current price of 円1,105.00 — trading 30% above its estimated fair value. The current Receivables Turnover is 2.37 and 58.9% below the Software industry median of 5.77. Keyware Solutions' overall GF Score™ is 72/100 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 Keyware Solutions (TSE:3799), the current Receivables Turnover is 2.37 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 Keyware Solutions (TSE:3799) Overvalued in 2026?

Based on GuruFocus' analysis, Keyware Solutions stock appears to be overvalued. The current stock price of 円1,105.00 is trading 30% above its estimated GF Value™ of 円850.13. GuruFocus considers Keyware Solutions to be Modestly Overvalued.

Key valuation signals for TSE:3799:

  • Receivables Turnover: 2.37
  • GF Value™: 円850.13 vs. price of 円1,105.00 (30% above fair value)
  • GF Score™: 72/100 with 1 warning sign
  • Industry Position: 58.9% below the Software median (#1719 of 2783)

No single metric tells the full story. See the TSE:3799 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Keyware Solutions Business Description

Address Kamikitazawa 5-37-18, Setagaya-ku, Tokyo, JPN, 156-8588
Keyware Solutions Inc is a Japan-based Information Technology (IT) service management company. It operates in two divisions including system development business and Integrated IT service business. System development business is mainly engaged in the construction and development of applications and systems related to social infrastructure. Integrated IT service division offers packaged software, hardware and support services. The company mainly caters to financial, distribution, manufacturing, communication, transportation, reporting, medical, government agency, and service industries.
72GF Score

Get the complete analysis for TSE:3799

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

円1,105.00
Price
円850.13
GF Value