Robot Payment (TSE:4374) Receivables Turnover : 2.92 (As of Mar. 2024)

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What is Robot Payment 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. Robot Payment's Revenue for the three months ended in Mar. 2024 was 円627 Mil. Robot Payment's average Accounts Receivable for the three months ended in Mar. 2024 was 円215 Mil. Hence, Robot Payment's Receivables Turnover for the three months ended in Mar. 2024 was 2.92.

Robot Payment Receivables Turnover Historical Data

The historical data trend for Robot Payment'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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Robot Payment Receivables Turnover Chart

Robot Payment Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

10.98

11.34

11.25

11.17

11.68

Robot Payment Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial									2.82	2.94	3.00	3.00	2.92

Competitive Comparison of Robot Payment's Receivables Turnover

For the Software - Infrastructure subindustry, Robot Payment'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.

Robot Payment's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Robot Payment's Receivables Turnover falls into.

Robot Payment Receivables Turnover Calculation

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

Robot Payment's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	2213.709	/ (	(169.133	+	210.031)	/	2 )
=	2213.709	/	189.582
=	11.68

Robot Payment's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	627.332	/ (	(210.031	+	220.106)	/	2 )
=	627.332	/	215.0685
=	2.92

Robot Payment (TSE:4374) 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.

Robot Payment Receivables Turnover Related Terms

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Robot Payment (TSE:4374) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Robot Payment Inc (TSE:4374) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-19-20 Jingumae, 4th floor, 15th Arai Building, Shibuya-ku, Tokyo, JPN, 150-0001

Website

https://www.robotpayment.co.jp

Robot Payment Inc is engaged in the provision of online payment gateway service as well as cloud service which optimizes or automates billing-related operations.

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