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Charm Care (TSE:6062) Receivables Turnover : 3.50 (As of Mar. 2024)


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What is Charm Care 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. Charm Care's Revenue for the three months ended in Mar. 2024 was 円10,997 Mil. Charm Care's average Accounts Receivable for the three months ended in Mar. 2024 was 円3,144 Mil. Hence, Charm Care's Receivables Turnover for the three months ended in Mar. 2024 was 3.50.


Charm Care Receivables Turnover Historical Data

The historical data trend for Charm Care'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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Charm Care Receivables Turnover Chart

Charm Care Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.73 11.20 11.24 12.02 13.82

Charm Care Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 2.79 5.49 3.44 2.84 3.50

Competitive Comparison of Charm Care's Receivables Turnover

For the Medical Care Facilities subindustry, Charm Care'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.


Charm Care's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Charm Care's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Charm Care's Receivables Turnover falls into.



Charm Care Receivables Turnover Calculation

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

Charm Care's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=37887 / ((2596 + 2885) / 2 )
=37887 / 2740.5
=13.82

Charm Care's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=10997 / ((3101 + 3187) / 2 )
=10997 / 3144
=3.50

* 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.


Charm Care  (TSE:6062) 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.


Charm Care Receivables Turnover Related Terms

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Charm Care (TSE:6062) Business Description

Traded in Other Exchanges
N/A
Address
Nakanoshima Mitsui Building, 4th Floor, 3-3-3 Nakanoshima, Kita-ku, Osaka, JPN, 530-0005
Charm Care Corp operates nursing homes. It is a nursing-assisted fee-based nursing home which provides nursing care facility residents living and specific housing type nursing homes, day care services, nursing care, home care support and visiting.

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