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Paris Miki Holdings (TSE:7455) Receivables Turnover : 4.03 (As of Dec. 2023)


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What is Paris Miki Holdings 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. Paris Miki Holdings's Revenue for the three months ended in Dec. 2023 was 円12,689 Mil. Paris Miki Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was 円3,147 Mil. Hence, Paris Miki Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 4.03.


Paris Miki Holdings Receivables Turnover Historical Data

The historical data trend for Paris Miki Holdings'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.

* Premium members only.

Paris Miki Holdings Receivables Turnover Chart

Paris Miki Holdings 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 15.24 17.21 17.13 16.43 17.41

Paris Miki Holdings 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 4.17 3.80 4.24 4.46 4.03

Competitive Comparison of Paris Miki Holdings's Receivables Turnover

For the Specialty Retail subindustry, Paris Miki Holdings'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.


Paris Miki Holdings's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Paris Miki Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Paris Miki Holdings's Receivables Turnover falls into.



Paris Miki Holdings Receivables Turnover Calculation

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

Paris Miki Holdings'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 )
=47400 / ((2661 + 2784) / 2 )
=47400 / 2722.5
=17.41

Paris Miki Holdings'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 )
=12689 / ((3024 + 3269) / 2 )
=12689 / 3146.5
=4.03

* 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.


Paris Miki Holdings  (TSE:7455) 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.


Paris Miki Holdings Receivables Turnover Related Terms

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Paris Miki Holdings (TSE:7455) Business Description

Traded in Other Exchanges
N/A
Address
15-16 Shin-Yokohama 2-Chome, Kohoku-Ku, Yokohama, JPN
Paris Miki Holdings, Inc. is a Japanese based company operating optical chain-store. It provides eyeglasses, contact lenses and after-sales service which extends to its network of stores located in Japan, France, Germany, UK, Singapore, Malaysia, Thailand, Indonesia, China, Taiwan, Australia, and the USA.

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