Asterisk (TSE:6522) Receivables Turnover : 1.41 (As of May. 2024)

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What is Asterisk 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. Asterisk's Revenue for the three months ended in May. 2024 was 円449 Mil. Asterisk's average Accounts Receivable for the three months ended in May. 2024 was 円319 Mil. Hence, Asterisk's Receivables Turnover for the three months ended in May. 2024 was 1.41.

Asterisk Receivables Turnover Historical Data

The historical data trend for Asterisk'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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Asterisk Receivables Turnover Chart

Asterisk Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

4.88

4.85

7.08

9.76

5.90

Asterisk Quarterly Data
	Aug19	Aug20	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Receivables Turnover	Get a 7-Day Free Trial										1.00	1.95	1.22	1.52	1.41

Competitive Comparison of Asterisk's Receivables Turnover

For the Communication Equipment subindustry, Asterisk'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.

Asterisk's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Asterisk's Receivables Turnover distribution charts can be found below:

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

Asterisk Receivables Turnover Calculation

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

Asterisk's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	1759.851	/ (	(328.675	+	267.541)	/	2 )
=	1759.851	/	298.108
=	5.90

Asterisk's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

	Receivables Turnover (Q: May. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2024 )	/ (	(Accounts Receivable (Q: Feb. 2024 )	+	Accounts Receivable (Q: May. 2024 ))	/	count )
=	448.939	/ (	(270.218	+	367.718)	/	2 )
=	448.939	/	318.968
=	1.41

Asterisk (TSE:6522) 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.

Asterisk Receivables Turnover Related Terms

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Asterisk Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

5-6-16 Nishinakajima, Yodogawa-ku, Osaka, JPN, 532-0011

Website

https://www.asx.co.jp

Asterisk Inc is engaged in the manufacturing, development, and sales of RFID readers and barcode scanners that utilize mobile smartphones, and development and sales of management systems that use image recognition technologies.

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