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Fast Fitness Japan (TSE:7092) Receivables Turnover : 3.70 (As of Dec. 2023)


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What is Fast Fitness Japan 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. Fast Fitness Japan's Revenue for the three months ended in Dec. 2023 was 円3,983 Mil. Fast Fitness Japan's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,076 Mil. Hence, Fast Fitness Japan's Receivables Turnover for the three months ended in Dec. 2023 was 3.70.


Fast Fitness Japan Receivables Turnover Historical Data

The historical data trend for Fast Fitness Japan'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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Fast Fitness Japan Receivables Turnover Chart

Fast Fitness Japan Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial 10.79 10.87 9.39 11.02 12.67

Fast Fitness Japan Quarterly Data
Mar18 Mar19 Dec19 Mar20 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 3.30 3.32 3.57 3.55 3.70

Competitive Comparison of Fast Fitness Japan's Receivables Turnover

For the Leisure subindustry, Fast Fitness Japan'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.


Fast Fitness Japan's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Fast Fitness Japan's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fast Fitness Japan's Receivables Turnover falls into.



Fast Fitness Japan Receivables Turnover Calculation

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

Fast Fitness Japan'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 )
=14787 / ((1217 + 1118) / 2 )
=14787 / 1167.5
=12.67

Fast Fitness Japan'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 )
=3983 / ((1059 + 1093) / 2 )
=3983 / 1076
=3.70

* 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.


Fast Fitness Japan  (TSE:7092) 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.


Fast Fitness Japan Receivables Turnover Related Terms

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Fast Fitness Japan (TSE:7092) Business Description

Traded in Other Exchanges
N/A
Address
Shinjuku-ku, 6-12-1 Park West 6th Floor, Nishi-Shinjuku, Tokyo, JPN, 160-0023
Fast Fitness Japan Inc is an operator of fitness club in Japan. The company engages in planning and management of fitness club under the name anytime fitness.

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