Amifa Co (TSE:7800) Receivables Turnover : 2.36 (As of Mar. 2024)

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What is Amifa 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. Amifa Co's Revenue for the three months ended in Mar. 2024 was 円2,340 Mil. Amifa Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円991 Mil. Hence, Amifa Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.36.

Amifa Co Receivables Turnover Historical Data

The historical data trend for Amifa 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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Amifa Co Receivables Turnover Chart

Amifa Co Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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12.88

12.38

11.41

12.05

12.74

Amifa Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.21	2.35	2.69	2.74	2.36

Competitive Comparison of Amifa Co's Receivables Turnover

For the Packaging & Containers subindustry, Amifa 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.

Amifa Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Amifa Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Amifa Co's Receivables Turnover falls into.

Amifa Co Receivables Turnover Calculation

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

Amifa Co's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	8131.382	/ (	(556.415	+	719.924)	/	2 )
=	8131.382	/	638.1695
=	12.74

Amifa Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2339.969	/ (	(1172.571	+	808.838)	/	2 )
=	2339.969	/	990.7045
=	2.36

Amifa Co (TSE:7800) 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.

Amifa Co Receivables Turnover Related Terms

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Amifa Co (TSE:7800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Amifa Co Ltd (TSE:7800) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-13-5 Kita Aoyama, Aoyama Sun Crest Building 3rd Floor, Minato-ku, Tokyo, JPN, 107-0061

Website

https://www.amifa.co.jp

Amifa Co Ltd is a Japanese based company primarily involved in the planning, manufacturing, and wholesale sales of commercial packaging materials. It offers mainly gift wrapping, design stationery, handmade miscellaneous goods, kitchen / tableware, flower related products.

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