Ricksoft Co (TSE:4429) Receivables Turnover : 3.41 (As of Aug. 2024)

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What is Ricksoft Co 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. Ricksoft Co's Revenue for the three months ended in Aug. 2024 was 円2,263 Mil. Ricksoft Co's average Accounts Receivable for the three months ended in Aug. 2024 was 円663 Mil. Hence, Ricksoft Co's Receivables Turnover for the three months ended in Aug. 2024 was 3.41.

Ricksoft Co Receivables Turnover Historical Data

The historical data trend for Ricksoft Co'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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Ricksoft Co Receivables Turnover Chart

Ricksoft Co Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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11.97

7.42

5.61

8.96

9.15

Ricksoft Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Receivables Turnover	Get a 7-Day Free Trial															2.58	2.48	2.52	2.67	3.41

Competitive Comparison of Ricksoft Co's Receivables Turnover

For the Software - Application subindustry, Ricksoft Co'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.

Ricksoft Co's Receivables Turnover Distribution in the Software Industry

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

* The bar in red indicates where Ricksoft Co's Receivables Turnover falls into.

Ricksoft Co Receivables Turnover Calculation

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

Ricksoft Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	7491.465	/ (	(691.262	+	946.578)	/	2 )
=	7491.465	/	818.92
=	9.15

Ricksoft Co's Receivables Turnover for the quarter that ended in Aug. 2024 is calculated as

	Receivables Turnover (Q: Aug. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Aug. 2024 )	/ (	(Accounts Receivable (Q: May. 2024 )	+	Accounts Receivable (Q: Aug. 2024 ))	/	count )
=	2263.26	/ (	(589.405	+	736.851)	/	2 )
=	2263.26	/	663.128
=	3.41

Ricksoft Co (TSE:4429) 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.

Ricksoft Co Receivables Turnover Related Terms

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Ricksoft Co Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Ricksoft Co Ltd (TSE:4429) » Definitions » Receivables Turnover

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Address

Otemachi Nomura Buolding 8th Floor, 2-1-1, Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.ricksoft.jp

Ricksoft Co Ltd offers software product implementation consulting, virtualization, implementation design, plugin development, and related services. The company provides WBS Gantt-Chart for JIRA, an add-on that offers visualizing project progress solutions for project management, issue management, and task status management.

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