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Finatext Holdings (TSE:4419) Receivables Turnover : 2.51 (As of Dec. 2023)


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What is Finatext Holdings 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. Finatext Holdings's Revenue for the three months ended in Dec. 2023 was 円1,546 Mil. Finatext Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was 円616 Mil. Hence, Finatext Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 2.51.


Finatext Holdings Receivables Turnover Historical Data

The historical data trend for Finatext 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.

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Finatext Holdings Receivables Turnover Chart

Finatext Holdings Annual Data
Trend Nov19 Mar21 Mar22 Mar23
Receivables Turnover
7.31 - 7.86 7.49

Finatext Holdings Quarterly Data
Nov19 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 2.94 1.89 2.25 3.21 2.51

Competitive Comparison of Finatext Holdings's Receivables Turnover

For the Software - Infrastructure subindustry, Finatext 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.


Finatext Holdings's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Finatext Holdings's Receivables Turnover falls into.



Finatext Holdings Receivables Turnover Calculation

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

Finatext Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=3820.972 / ((474.883 + 545.225) / 2 )
=3820.972 / 510.054
=7.49

Finatext Holdings's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=1546.445 / ((404.353 + 827.407) / 2 )
=1546.445 / 615.88
=2.51

* 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.


Finatext Holdings  (TSE:4419) 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.


Finatext Holdings Receivables Turnover Related Terms

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Finatext Holdings (TSE:4419) Business Description

Traded in Other Exchanges
N/A
Address
3-2-11 Kudankita, Chiyoda-ku, Tokyo, JPN, 102-0073
Finatext Holdings Ltd is engaged in providing cloud native infrastructure for wealthmanagement/insurance providers, and support data analysis development.

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