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Harima-Kyowa Co (TSE:7444) Receivables Turnover : 1.49 (As of Dec. 2023)


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What is Harima-Kyowa 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. Harima-Kyowa Co's Revenue for the three months ended in Dec. 2023 was 円15,123 Mil. Harima-Kyowa Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円10,138 Mil. Hence, Harima-Kyowa Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.49.


Harima-Kyowa Co Receivables Turnover Historical Data

The historical data trend for Harima-Kyowa 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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Harima-Kyowa Co Receivables Turnover Chart

Harima-Kyowa Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.25 6.48 6.51 6.34 6.25

Harima-Kyowa Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only 1.58 1.48 1.63 1.56 1.49

Competitive Comparison of Harima-Kyowa Co's Receivables Turnover

For the Department Stores subindustry, Harima-Kyowa 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.


Harima-Kyowa Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Harima-Kyowa Co's Receivables Turnover distribution charts can be found below:

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



Harima-Kyowa Co Receivables Turnover Calculation

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

Harima-Kyowa 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 )
=60156.181 / ((9724.982 + 9531.572) / 2 )
=60156.181 / 9628.277
=6.25

Harima-Kyowa 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 )
=15123.433 / ((10051.84 + 10225.128) / 2 )
=15123.433 / 10138.484
=1.49

* 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.


Harima-Kyowa Co  (TSE:7444) 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.


Harima-Kyowa Co Receivables Turnover Related Terms

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Harima-Kyowa Co (TSE:7444) Business Description

Traded in Other Exchanges
N/A
Address
Shikitochosho 313, Himeji, JPN
Harima-Kyowa Co., LTD is an early stage firm, provides an information system specialized in wholesale and store management. It offers wholesales detergent-related products, cosmetics, toiletries, household products, and sanitary goods. The Company operates a leasing business as well.

Harima-Kyowa Co (TSE:7444) Headlines

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