Institute for Q-shu Pioneers of Space (TSE:5595) Receivables Turnover : 0.89 (As of Nov. 2024)

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What is Institute for Q-shu Pioneers of Space 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. Institute for Q-shu Pioneers of Space's Revenue for the three months ended in Nov. 2024 was 円894 Mil. Institute for Q-shu Pioneers of Space's average Accounts Receivable for the three months ended in Nov. 2024 was 円1,003 Mil. Hence, Institute for Q-shu Pioneers of Space's Receivables Turnover for the three months ended in Nov. 2024 was 0.89.

Institute for Q-shu Pioneers of Space Receivables Turnover Historical Data

The historical data trend for Institute for Q-shu Pioneers of Space'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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Institute for Q-shu Pioneers of Space Receivables Turnover Chart

Institute for Q-shu Pioneers of Space Annual Data

Trend

May22

May23

May24

Receivables Turnover

19.90

1.93

Institute for Q-shu Pioneers of Space Quarterly Data
	May22	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25
Receivables Turnover	Get a 7-Day Free Trial				0.68	0.45	0.21	0.89	0.51

Competitive Comparison of Institute for Q-shu Pioneers of Space's Receivables Turnover

For the Aerospace & Defense subindustry, Institute for Q-shu Pioneers of Space'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.

Institute for Q-shu Pioneers of Space's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Institute for Q-shu Pioneers of Space's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Institute for Q-shu Pioneers of Space's Receivables Turnover falls into.

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Institute for Q-shu Pioneers of Space Receivables Turnover Calculation

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

Institute for Q-shu Pioneers of Space's Receivables Turnover for the fiscal year that ended in May. 2024 is calculated as

	Receivables Turnover (A: May. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2024 )	/ (	(Accounts Receivable (A: May. 2023 )	+	Accounts Receivable (A: May. 2024 ))	/	count )
=	1653.963	/ (	(18.699	+	1696.166)	/	2 )
=	1653.963	/	857.4325
=	1.93

Institute for Q-shu Pioneers of Space's Receivables Turnover for the quarter that ended in Nov. 2024 is calculated as

	Receivables Turnover (Q: Nov. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2024 )	/ (	(Accounts Receivable (Q: Aug. 2024 )	+	Accounts Receivable (Q: Nov. 2024 ))	/	count )
=	894.49	/ (	(0	+	1002.746)	/	1 )
=	894.49	/	1002.746
=	0.89

Institute for Q-shu Pioneers of Space (TSE:5595) 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.

Institute for Q-shu Pioneers of Space Receivables Turnover Related Terms

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Institute for Q-shu Pioneers of Space Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Institute for Q-shu Pioneers of Space Inc (TSE:5595) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-15-35 Tenjin, 6th Floor Rengo Fukuoka Tenjin Building, Chuo-ku, Fukuoka-shi, Fukuoka, JPN, 810-0001

Website

https://www.i-qps.net

Institute for Q-shu Pioneers of Space Inc is engaged in the Development, manufacture, operation, Acquisition and sale of SAR image data from small SAR satellites.

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