HIDAY HIDAKA (TSE:7611) Receivables Turnover : 8.49 (As of Nov. 2023)

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What is HIDAY HIDAKA 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. HIDAY HIDAKA's Revenue for the three months ended in Nov. 2023 was 円12,299 Mil. HIDAY HIDAKA's average Accounts Receivable for the three months ended in Nov. 2023 was 円1,449 Mil. Hence, HIDAY HIDAKA's Receivables Turnover for the three months ended in Nov. 2023 was 8.49.

HIDAY HIDAKA Receivables Turnover Historical Data

The historical data trend for HIDAY HIDAKA'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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HIDAY HIDAKA Receivables Turnover Chart

HIDAY HIDAKA Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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127.58

56.06

51.15

44.35

37.79

HIDAY HIDAKA Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															9.38	9.38	8.70	8.49	8.56

Competitive Comparison of HIDAY HIDAKA's Receivables Turnover

For the Restaurants subindustry, HIDAY HIDAKA'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.

HIDAY HIDAKA's Receivables Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, HIDAY HIDAKA's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HIDAY HIDAKA's Receivables Turnover falls into.

HIDAY HIDAKA Receivables Turnover Calculation

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

HIDAY HIDAKA's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	48772.224	/ (	(1121.348	+	1460.15)	/	2 )
=	48772.224	/	1290.749
=	37.79

HIDAY HIDAKA's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	12299.33	/ (	(1396.659	+	1500.878)	/	2 )
=	12299.33	/	1448.7685
=	8.49

HIDAY HIDAKA (TSE:7611) 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.

HIDAY HIDAKA Receivables Turnover Related Terms

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HIDAY HIDAKA (TSE:7611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » HIDAY HIDAKA Corp (TSE:7611) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 6F, Saitama, JPN, 3-105

Website

http://www.hiday.co.jp

HIDAY HIDAKA Corp Is a Japan-based company principally engaged in the business of restaurant chains operation. It operates through its chain of Hidaka restaurants. The company through its stores in metropolitan areas, offers food menu which includes dishes like gyozo, ramen, Chinese rice, stir-fry dishes such as Mabo Tofu, dumplings and Chinese Donburu and other Chinese dishes. Ramen is the signboard menu of the company which is used along with soup, noodles, sliced chowder, Tonkotsu and chicken stock. Customers of the company range from students to businesspeople, late-shift workers, and seniors.

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