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Cocolonet Co (TSE:6060) Receivables Turnover : 5.02 (As of Dec. 2023)


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What is Cocolonet 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. Cocolonet Co's Revenue for the three months ended in Dec. 2023 was 円2,753 Mil. Cocolonet Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円549 Mil. Hence, Cocolonet Co's Receivables Turnover for the three months ended in Dec. 2023 was 5.02.


Cocolonet Co Receivables Turnover Historical Data

The historical data trend for Cocolonet 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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Cocolonet Co Receivables Turnover Chart

Cocolonet Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.50 17.92 15.70 17.84 18.35

Cocolonet 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.71 4.27 4.20 4.14 5.02

Competitive Comparison of Cocolonet Co's Receivables Turnover

For the Personal Services subindustry, Cocolonet 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.


Cocolonet Co's Receivables Turnover Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Cocolonet Co's Receivables Turnover distribution charts can be found below:

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



Cocolonet Co Receivables Turnover Calculation

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

Cocolonet 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 )
=9562.049 / ((487.067 + 555.035) / 2 )
=9562.049 / 521.051
=18.35

Cocolonet 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 )
=2753.196 / ((598.161 + 499.585) / 2 )
=2753.196 / 548.873
=5.02

* 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.


Cocolonet Co  (TSE:6060) 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.


Cocolonet Co Receivables Turnover Related Terms

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Cocolonet Co (TSE:6060) Business Description

Traded in Other Exchanges
N/A
Address
15-1, Funatomae, Kamata, Fukushima-shi, Fukushima, JPN, 960-0102
Cocolonet Co Ltd is a Japan-based company engaged in providing funeral and wedding services. It is also involved in the wholesale and retail of tombstones; and operation of housing for elderly people.

Cocolonet Co (TSE:6060) Headlines

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