Inbound Tech (TSE:7031) Receivables Turnover : 2.04 (As of Dec. 2023)

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What is Inbound Tech 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. Inbound Tech's Revenue for the three months ended in Dec. 2023 was 円770 Mil. Inbound Tech's average Accounts Receivable for the three months ended in Dec. 2023 was 円378 Mil. Hence, Inbound Tech's Receivables Turnover for the three months ended in Dec. 2023 was 2.04.

Inbound Tech Receivables Turnover Historical Data

The historical data trend for Inbound Tech'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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Inbound Tech Receivables Turnover Chart

Inbound Tech Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

8.55

9.18

6.54

6.70

7.07

Inbound Tech Quarterly Data
	Mar19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial											2.22	2.15	2.18	2.14	2.04

Competitive Comparison of Inbound Tech's Receivables Turnover

For the Specialty Business Services subindustry, Inbound Tech'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.

Inbound Tech's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Inbound Tech's Receivables Turnover distribution charts can be found below:

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

Inbound Tech Receivables Turnover Calculation

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

Inbound Tech'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 )
=	3291.832	/ (	(518.337	+	412.504)	/	2 )
=	3291.832	/	465.4205
=	7.07

Inbound Tech'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 )
=	769.715	/ (	(371.898	+	384.524)	/	2 )
=	769.715	/	378.211
=	2.04

Inbound Tech (TSE:7031) 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.

Inbound Tech Receivables Turnover Related Terms

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Inbound Tech (TSE:7031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Inbound Tech Inc (TSE:7031) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Ohashi Building 2-3-13 Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

https://www.inboundtech.co.jp

Inbound Tech Inc provides business services including using multi-functional and flexible multilingual and interpretation solution using advanced IT technology Introduction of various service lineups.

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