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3-D Matrix (TSE:7777) Receivables Turnover : 1.51 (As of Apr. 2024)


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What is 3-D Matrix 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. 3-D Matrix's Revenue for the three months ended in Apr. 2024 was 円1,604 Mil. 3-D Matrix's average Accounts Receivable for the three months ended in Apr. 2024 was 円1,060 Mil. Hence, 3-D Matrix's Receivables Turnover for the three months ended in Apr. 2024 was 1.51.


3-D Matrix Receivables Turnover Historical Data

The historical data trend for 3-D Matrix'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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3-D Matrix Receivables Turnover Chart

3-D Matrix Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.81 8.12 5.33 4.52 5.16

3-D Matrix Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 1.25 1.32 1.30 1.51 1.27

Competitive Comparison of 3-D Matrix's Receivables Turnover

For the Medical Devices subindustry, 3-D Matrix'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.


3-D Matrix's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, 3-D Matrix's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where 3-D Matrix's Receivables Turnover falls into.



3-D Matrix Receivables Turnover Calculation

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

3-D Matrix's Receivables Turnover for the fiscal year that ended in Apr. 2024 is calculated as

Receivables Turnover (A: Apr. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Apr. 2024 ) / ((Accounts Receivable (A: Apr. 2023 ) + Accounts Receivable (A: Apr. 2024 )) / count )
=4588.818 / ((608.845 + 1170.716) / 2 )
=4588.818 / 889.7805
=5.16

3-D Matrix'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: Jan. 2024 ) + Accounts Receivable (Q: Apr. 2024 )) / count )
=1604.382 / ((948.802 + 1170.716) / 2 )
=1604.382 / 1059.759
=1.51

* 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.


3-D Matrix  (TSE:7777) 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.


3-D Matrix Receivables Turnover Related Terms

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3-D Matrix Business Description

Traded in Other Exchanges
N/A
Address
3-2-4 Kojimachi, Chiyoda-ku, 7th floor, Kojimachi HF Building, Tokyo, JPN, 102-0083
3-D Matrix Ltd is engaged in the research, development, manufacture, and sale of medical devices based on the self-assembling peptide technology. Its products include PuraMatrix, High Concentration PuraMatrix, Modified Peptide and GMP Grade PuraMatrix.

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