Aiai Group (TSE:6557) Receivables Turnover : 2.32 (As of Mar. 2024)

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What is Aiai Group 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. Aiai Group's Revenue for the three months ended in Mar. 2024 was 円3,195 Mil. Aiai Group's average Accounts Receivable for the three months ended in Mar. 2024 was 円1,379 Mil. Hence, Aiai Group's Receivables Turnover for the three months ended in Mar. 2024 was 2.32.

Aiai Group Receivables Turnover Historical Data

The historical data trend for Aiai Group'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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Aiai Group Receivables Turnover Chart

Aiai Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar23

Receivables Turnover

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14.47

30.16

46.99

35.39

11.71

Aiai Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.32	3.25	2.94	2.32	1.77

Competitive Comparison of Aiai Group's Receivables Turnover

For the Medical Care Facilities subindustry, Aiai Group'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.

Aiai Group's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

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

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

Aiai Group Receivables Turnover Calculation

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

Aiai Group'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: Dec. 2021 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	10822.455	/ (	(237.734	+	1610.049)	/	2 )
=	10822.455	/	923.8915
=	11.71

Aiai Group'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 )
=	3194.659	/ (	(1057.44	+	1701.283)	/	2 )
=	3194.659	/	1379.3615
=	2.32

Aiai Group (TSE:6557) 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.

Aiai Group Receivables Turnover Related Terms

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Aiai Group Business Description

Industry

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Address

No. 2 No. 1, Kinshi 1-chome Sumida-ku, Arkentral 16th Floor, Tokyo, JPN, 130-0013

Website

https://www.aiai-group.co.jp

Aiai Group Corp is engaged in solving population problems in Japan as social problems and by welfare projects. The company operates in nurseries business, nursing care business projects, ICT business as welfare support business.

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