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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. Change Holdings's Revenue for the
three
months ended in Mar. 2026 was 円11,300 Mil. Change Holdings's average Accounts Receivable for the
three
months ended in Mar. 2026 was 円31,108 Mil.
Hence, Change Holdings's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.36.
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.
Change Holdings Receivables Turnover Related Terms
Change Holdings Receivables Turnover Historical Data
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The historical data trend for Change 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.
TSE:3962 vs IBM, ACN, FISV: Receivables Turnover Comparison
For the Information Technology Services subindustry, Change 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.
Change Holdings Receivables Turnover vs Software Industry
For the Software industry and Technology sector, Change Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Change Holdings's Receivables Turnover falls into.
* 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.
Change Holdings (TSE:3962) has a Receivables Turnover of 0.36 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 Change Holdings and its competitors. According to the industry distribution chart, Change Holdings ranks #2458 out of 2782 companies in the Software industry, placing it in the top 88.4%.
Is Change Holdings' Receivables Turnover too high?
Change Holdings' current Receivables Turnover is 0.36. The Software industry median Receivables Turnover is 5.95. Change Holdings' value of 0.36 is 93.9% below this industry median. Based on the distribution chart, Change Holdings ranks #2458 out of 2782 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Change Holdings has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Change Holdings' Receivables Turnover compare to IBM and ACN?
According to the Software industry distribution chart, Change Holdings ranks #2458 out of 2782 companies for Receivables Turnover. This places Change Holdings in the lower half of its industry. The industry median Receivables Turnover is 5.95. Change Holdings' value of 0.36 is 93.9% 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 5.95, 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. Change Holdings's current Receivables Turnover of 0.36 is 93.9% 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 Change Holdings and its competitors. For the Software industry, the median Receivables Turnover is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Change Holdings's current Receivables Turnover is 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Change Holdings stock overvalued right now?
Based on GuruFocus' analysis, Change Holdings (TSE:3962) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,905.01, compared to a current price of 円973.00 — trading 48.9% below its estimated fair value. The current Receivables Turnover is 0.36 and 93.9% below the Software industry median of 5.95. Change Holdings' overall GF Score™ is 78/100 with 5 warning signs 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 Change Holdings (TSE:3962), the current Receivables Turnover is 0.36 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 Change Holdings (TSE:3962) Overvalued in 2026?
Based on GuruFocus' analysis, Change Holdings stock appears to be undervalued.
The current stock price of 円973.00 is trading 48.9% below its estimated GF Value™ of 円1,905.01.
GuruFocus considers Change Holdings to be Significantly Undervalued.
Key valuation signals for TSE:3962:
Receivables Turnover: 0.36
GF Value™: 円1,905.01 vs. price of 円973.00 (48.9% below fair value)
Industry Position: 93.9% below the Software median (#2458 of 2782)
No single metric tells the full story. See the TSE:3962 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Change Holdings Inc provides mobility, IoT (Internet of Things) data, security and IT human resources training services. It segments are: Public Tech and NEW-IT Transformation Business. The Public Tech segment covers local government support projects that aims to realize high value-added resident services by utilizing ICT technology to promote the improvement of local government business productivity. The NEW-IT Transformation Business segment promotes digital transformation through various algorithms such as AI, voice Internet, mobility, IoT, cloud, security, services utilizing basic technology, and training for digital human resources. It also provides digital transformation solutions by combining libraries based on customer needs to realize customer digital transformation.
78GF Score
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