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CHUOU INTERNATIONAL GROUP Co (TSE:7170) Receivables Turnover : 6.23 (As of Dec. 2023)


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What is CHUOU INTERNATIONAL 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. CHUOU INTERNATIONAL GROUP Co's Revenue for the six months ended in Dec. 2023 was 円323.8 Mil. CHUOU INTERNATIONAL GROUP Co's average Accounts Receivable for the six months ended in Dec. 2023 was 円52.0 Mil. Hence, CHUOU INTERNATIONAL GROUP Co's Receivables Turnover for the six months ended in Dec. 2023 was 6.23.


CHUOU INTERNATIONAL GROUP Co Receivables Turnover Historical Data

The historical data trend for CHUOU INTERNATIONAL 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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CHUOU INTERNATIONAL GROUP Co Receivables Turnover Chart

CHUOU INTERNATIONAL GROUP Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.34 12.11 11.38 11.56 11.73

CHUOU INTERNATIONAL GROUP Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 Premium Member Only Premium Member Only 6.12 6.06 6.17 6.10 6.23

Competitive Comparison of CHUOU INTERNATIONAL GROUP Co's Receivables Turnover

For the Insurance - Diversified subindustry, CHUOU INTERNATIONAL 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.


CHUOU INTERNATIONAL GROUP Co's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, CHUOU INTERNATIONAL GROUP Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CHUOU INTERNATIONAL GROUP Co's Receivables Turnover falls into.



CHUOU INTERNATIONAL GROUP Co Receivables Turnover Calculation

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

CHUOU INTERNATIONAL GROUP Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=664.342 / ((60.529 + 52.789) / 2 )
=664.342 / 56.659
=11.73

CHUOU INTERNATIONAL GROUP Co'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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=323.819 / ((51.204 + 52.789) / 2 )
=323.819 / 51.9965
=6.23

* 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.


CHUOU INTERNATIONAL GROUP Co  (TSE:7170) 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.


CHUOU INTERNATIONAL GROUP Co Receivables Turnover Related Terms

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CHUOU INTERNATIONAL GROUP Co (TSE:7170) Business Description

Traded in Other Exchanges
N/A
Address
Saga Tojin chome No. 2 12 - No. 101, Yubinbango, JPN, 840-0813
CHUOU INTERNATIONAL GROUP Co Ltd provides insurance services.

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