Excite Holdings Co (TSE:5571) Receivables Turnover : 1.65 (As of Dec. 2023)

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What is Excite Holdings 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. Excite Holdings Co's Revenue for the three months ended in Dec. 2023 was 円1,944 Mil. Excite Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,182 Mil. Hence, Excite Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.65.

Excite Holdings Co Receivables Turnover Historical Data

The historical data trend for Excite Holdings 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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Excite Holdings Co Receivables Turnover Chart

Excite Holdings Co Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

5.73

6.18

6.63

Excite Holdings Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	1.61	1.60	1.68	1.65

Competitive Comparison of Excite Holdings Co's Receivables Turnover

For the Software - Application subindustry, Excite Holdings 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.

Excite Holdings Co's Receivables Turnover Distribution in the Software Industry

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

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

Excite Holdings Co Receivables Turnover Calculation

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

Excite Holdings Co'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 )
=	7533.314	/ (	(1117.675	+	1153.955)	/	2 )
=	7533.314	/	1135.815
=	6.63

Excite Holdings Co'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 )
=	1944.091	/ (	(1134.547	+	1228.692)	/	2 )
=	1944.091	/	1181.6195
=	1.65

Excite Holdings Co (TSE:5571) 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.

Excite Holdings Co Receivables Turnover Related Terms

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Excite Holdings Co (TSE:5571) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Excite Holdings Co Ltd (TSE:5571) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-20-1 Minamiazabu, Daiwa Azabu Terrace 4th Floor, Minato-ku, Tokyo, JPN, 106-0047

Website

https://www.excite-holdings.co.jp

Excite Holdings Co Ltd is engaged in the business management and related operations of group companies, platform business, broadband business, and SaaS/DX Business.

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