Nihon Knowledge Co (TSE:5252) Receivables Turnover : 1.75 (As of Sep. 2024)

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What is Nihon Knowledge 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. Nihon Knowledge Co's Revenue for the three months ended in Sep. 2024 was 円990 Mil. Nihon Knowledge Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円565 Mil. Hence, Nihon Knowledge Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.75.

Nihon Knowledge Co Receivables Turnover Historical Data

The historical data trend for Nihon Knowledge 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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Nihon Knowledge Co Receivables Turnover Chart

Nihon Knowledge Co Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

7.17

7.43

7.13

7.06

Nihon Knowledge Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial					1.88	1.85	1.66	1.64	1.75

Competitive Comparison of Nihon Knowledge Co's Receivables Turnover

For the Software - Application subindustry, Nihon Knowledge 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.

Nihon Knowledge Co's Receivables Turnover Distribution in the Software Industry

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

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

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Nihon Knowledge Co Receivables Turnover Calculation

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

Nihon Knowledge Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	4076.709	/ (	(519.539	+	635.832)	/	2 )
=	4076.709	/	577.6855
=	7.06

Nihon Knowledge Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	989.954	/ (	(569.531	+	560.442)	/	2 )
=	989.954	/	564.9865
=	1.75

Nihon Knowledge Co (TSE:5252) 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.

Nihon Knowledge Co Receivables Turnover Related Terms

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Nihon Knowledge Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Nihon Knowledge Co Ltd (TSE:5252) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

JS Building 9th Floor, 3-19-5 Kotobuki, Taito-ku, Tokyo, JPN, 111-0042

Website

https://www.know-net.co.jp

Nihon Knowledge Co Ltd is a comprehensive ICT service company that provides quality and test technology, development, and security products with a thorough user orientation. The company's services include verification services, Development services, and consultation services. The verification services include Resolving software verification issues through a track record of numerous projects and accumulation of know-how. The development services include management systems for steel wholesalers and processing industries and others.

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