Broad-Minded Co (TSE:7343) Receivables Turnover : 1.75 (As of Dec. 2023)

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What is Broad-Minded 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. Broad-Minded Co's Revenue for the three months ended in Dec. 2023 was 円1,075 Mil. Broad-Minded Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円616 Mil. Hence, Broad-Minded Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.75.

Broad-Minded Co Receivables Turnover Historical Data

The historical data trend for Broad-Minded 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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Broad-Minded Co Receivables Turnover Chart

Broad-Minded Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

10.04

8.59

8.65

12.11

18.19

Broad-Minded Co Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										2.19	2.92	2.48	1.87	1.75

Competitive Comparison of Broad-Minded Co's Receivables Turnover

For the Insurance - Diversified subindustry, Broad-Minded 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.

Broad-Minded Co's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Broad-Minded Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Broad-Minded Co's Receivables Turnover falls into.

Broad-Minded Co Receivables Turnover Calculation

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

Broad-Minded Co'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 )
=	4324.12	/ (	(282.756	+	192.688)	/	2 )
=	4324.12	/	237.722
=	18.19

Broad-Minded 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: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1075.334	/ (	(573.155	+	658.241)	/	2 )
=	1075.334	/	615.698
=	1.75

Broad-Minded Co (TSE:7343) 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.

Broad-Minded Co Receivables Turnover Related Terms

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Broad-Minded Co (TSE:7343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Broad-Minded Co Ltd (TSE:7343) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-5 Ebisuminami, Shibuya-ku, Tokyo, JPN, 150?0022

Website

https://www.b-minded.com

Broad-Minded Co Ltd is engaged in providing one-stop solutions for individuals and corporations in the Life insurance / non-life insurance / small amount short-term insurance agency business, housing loan agency business, financial instruments intermediary service, and real estate transaction business.

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