Life Intelligent Enterprise Holdings Co (TSE:5856) Receivables Turnover : 3.94 (As of Dec. 2023)

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What is Life Intelligent Enterprise 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. Life Intelligent Enterprise Holdings Co's Revenue for the three months ended in Dec. 2023 was 円5,148 Mil. Life Intelligent Enterprise Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,306 Mil. Hence, Life Intelligent Enterprise Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 3.94.

Life Intelligent Enterprise Holdings Co Receivables Turnover Historical Data

The historical data trend for Life Intelligent Enterprise 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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Life Intelligent Enterprise Holdings Co Receivables Turnover Chart

Life Intelligent Enterprise Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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15.75

17.20

18.52

20.84

20.14

Life Intelligent Enterprise Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.84	3.64	4.22	3.95	3.94

Competitive Comparison of Life Intelligent Enterprise Holdings Co's Receivables Turnover

For the Conglomerates subindustry, Life Intelligent Enterprise 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.

Life Intelligent Enterprise Holdings Co's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Life Intelligent Enterprise Holdings Co's Receivables Turnover distribution charts can be found below:

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

Life Intelligent Enterprise Holdings Co Receivables Turnover Calculation

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

Life Intelligent Enterprise 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 )
=	17917.802	/ (	(718.046	+	1061.503)	/	2 )
=	17917.802	/	889.7745
=	20.14

Life Intelligent Enterprise 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 )
=	5148.307	/ (	(1164.099	+	1448.567)	/	2 )
=	5148.307	/	1306.333
=	3.94

Life Intelligent Enterprise Holdings Co (TSE:5856) 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.

Life Intelligent Enterprise Holdings Co Receivables Turnover Related Terms

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Life Intelligent Enterprise Holdings Co (TSE:5856) Business Description

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Address

36-11 Minamisuna 2-chome, Primm Tower Toyocho 4th Floor, Koto-ku, Tokyo, JPN, 63-0076

Website

http://lieh.co.jp

Life Intelligent Enterprise Holdings Co Ltd is a holding company engaged in diversified businesses. It is engaged in the retail and commercial wholesale of alcoholic beverages and food, manufacture and sale of liquor, educational books, production and sales of teaching materials, infant development software, production and sales of teaching materials, construction and sale of e-learning (Internet learning) system.

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