Current Motor (TSE:7690) Receivables Turnover : 29.02 (As of Apr. 2024)

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What is Current Motor 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. Current Motor's Revenue for the six months ended in Apr. 2024 was 円5,873 Mil. Current Motor's average Accounts Receivable for the six months ended in Apr. 2024 was 円202 Mil. Hence, Current Motor's Receivables Turnover for the six months ended in Apr. 2024 was 29.02.

Current Motor Receivables Turnover Historical Data

The historical data trend for Current Motor'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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Current Motor Receivables Turnover Chart

Current Motor Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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30.68

35.72

64.61

51.40

69.12

Current Motor Semi-Annual Data
	Oct18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Receivables Turnover	Get a 7-Day Free Trial						26.16	28.49	23.25	20.33	29.02

Competitive Comparison of Current Motor's Receivables Turnover

For the Auto & Truck Dealerships subindustry, Current Motor'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.

Current Motor's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Current Motor's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Current Motor's Receivables Turnover falls into.

Current Motor Receivables Turnover Calculation

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

Current Motor's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	10322.694	/ (	(151.425	+	147.279)	/	2 )
=	10322.694	/	149.352
=	69.12

Current Motor's Receivables Turnover for the quarter that ended in Apr. 2024 is calculated as

	Receivables Turnover (Q: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Apr. 2024 ))	/	count )
=	5872.956	/ (	(147.279	+	257.501)	/	2 )
=	5872.956	/	202.39
=	29.02

Current Motor (TSE:7690) 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.

Current Motor Receivables Turnover Related Terms

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Current Motor (TSE:7690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Current Motor Corp (TSE:7690) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002

Website

https://www.currentmotor.co.jp

Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

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