Extreme Co (TSE:6033) Receivables Turnover : 1.96 (As of Dec. 2023)

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What is Extreme 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. Extreme Co's Revenue for the three months ended in Dec. 2023 was 円2,644 Mil. Extreme Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,352 Mil. Hence, Extreme Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.96.

Extreme Co Receivables Turnover Historical Data

The historical data trend for Extreme 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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Extreme Co Receivables Turnover Chart

Extreme Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.05

5.36

5.33

6.49

6.90

Extreme 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															1.78	1.83	1.79	1.81	1.96

Competitive Comparison of Extreme Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Extreme 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.

Extreme Co's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Extreme Co's Receivables Turnover distribution charts can be found below:

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

Extreme Co Receivables Turnover Calculation

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

Extreme 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 )
=	8816.012	/ (	(1189.022	+	1366.665)	/	2 )
=	8816.012	/	1277.8435
=	6.90

Extreme 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 )
=	2644.454	/ (	(1239.305	+	1465.435)	/	2 )
=	2644.454	/	1352.37
=	1.96

Extreme Co (TSE:6033) 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.

Extreme Co Receivables Turnover Related Terms

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Extreme Co (TSE:6033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Extreme Co Ltd (TSE:6033) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Metropolitan Plaza building, 21st Floor, 1-11-1, Nishiikebukuro, Toshima-ku, Tokyo, JPN, 171-0021

Website

http://www.e-xtreme.co.jp

Extreme Co Ltd is engaged in the design and development of game and digital contents. The company's clients vary from financial companies, government offices, communication enterprises and to mobile game publishers. It provides personal computer online, smart phone and other game services, which include game services, license service and collaboration development service.

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