Money Forward (TSE:3994) Receivables Turnover : 2.15 (As of May. 2024)

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What is Money Forward 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. Money Forward's Revenue for the three months ended in May. 2024 was 円10,320 Mil. Money Forward's average Accounts Receivable for the three months ended in May. 2024 was 円4,802 Mil. Hence, Money Forward's Receivables Turnover for the three months ended in May. 2024 was 2.15.

Money Forward Receivables Turnover Historical Data

The historical data trend for Money Forward'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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Money Forward Receivables Turnover Chart

Money Forward Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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9.66

10.68

11.39

11.18

9.40

Money Forward 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															2.25	2.21	2.31	2.18	2.15

Competitive Comparison of Money Forward's Receivables Turnover

For the Software - Application subindustry, Money Forward'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.

Money Forward's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Money Forward's Receivables Turnover falls into.

Money Forward Receivables Turnover Calculation

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

Money Forward's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	30380.629	/ (	(2327.171	+	4139.325)	/	2 )
=	30380.629	/	3233.248
=	9.40

Money Forward'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 )
=	10320.352	/ (	(4601.531	+	5002.487)	/	2 )
=	10320.352	/	4802.009
=	2.15

Money Forward (TSE:3994) 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.

Money Forward Receivables Turnover Related Terms

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Money Forward Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Money Forward Inc (TSE:3994) » Definitions » Receivables Turnover

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MNYFF:USA 47D:Germany

Address

21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023

Website

https://corp.moneyforward.com

Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.

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