Financial Partners Group Co (TSE:7148) Receivables Turnover : 51.02 (As of Mar. 2024)

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What is Financial Partners Group Co 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. Financial Partners Group Co's Revenue for the three months ended in Mar. 2024 was 円26,303 Mil. Financial Partners Group Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円516 Mil. Hence, Financial Partners Group Co's Receivables Turnover for the three months ended in Mar. 2024 was 51.02.

Financial Partners Group Co Receivables Turnover Historical Data

The historical data trend for Financial Partners Group Co'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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Financial Partners Group Co Receivables Turnover Chart

Financial Partners Group Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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55.35

31.00

20.11

80.32

138.69

Financial Partners Group Co 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															29.65	33.00	53.26	41.38	51.02

Competitive Comparison of Financial Partners Group Co's Receivables Turnover

For the Financial Conglomerates subindustry, Financial Partners Group Co'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.

Financial Partners Group Co's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Financial Partners Group Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Financial Partners Group Co's Receivables Turnover falls into.

Financial Partners Group Co Receivables Turnover Calculation

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

Financial Partners Group Co's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	71149	/ (	(480	+	546)	/	2 )
=	71149	/	513
=	138.69

Financial Partners Group Co'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 )
=	26303	/ (	(633	+	398)	/	2 )
=	26303	/	515.5
=	51.02

Financial Partners Group Co (TSE:7148) 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.

Financial Partners Group Co Receivables Turnover Related Terms

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Financial Partners Group Co (TSE:7148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Financial Partners Group Co Ltd (TSE:7148) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

2-7-2, Marunouchi, JP Tower, 29th Floor, Chiyoda-ku, Tokyo, JPN, 100-7029

Website

http://www.fpg.jp

Financial Partners Group Co Ltd is a financial services company based in Japan. The company's core business is the tax leasing arrangement business, which provides integrated services covering the structuring, origination, equity placement, and administration of Japanese operating leases for large transport equipment such as marine containers, ships and aircraft. The company is also engaged in the insurance brokerage business, mergers and acquisition advisory business, private banking business, real estate-related business, securities business, asset management business, and the trust business.

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