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Naigai Co (TSE:8013) Receivables Turnover : 1.78 (As of Jan. 2024)


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What is Naigai 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. Naigai Co's Revenue for the three months ended in Jan. 2024 was 円4,113 Mil. Naigai Co's average Accounts Receivable for the three months ended in Jan. 2024 was 円2,312 Mil. Hence, Naigai Co's Receivables Turnover for the three months ended in Jan. 2024 was 1.78.


Naigai Co Receivables Turnover Historical Data

The historical data trend for Naigai 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.

* Premium members only.

Naigai Co Receivables Turnover Chart

Naigai Co Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.01 4.47 5.55 5.13 5.66

Naigai Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 1.61 1.42 1.51 1.40 1.78

Competitive Comparison of Naigai Co's Receivables Turnover

For the Apparel Retail subindustry, Naigai 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.


Naigai Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

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

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



Naigai Co Receivables Turnover Calculation

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

Naigai Co's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

Receivables Turnover (A: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jan. 2024 ) / ((Accounts Receivable (A: Jan. 2023 ) + Accounts Receivable (A: Jan. 2024 )) / count )
=13021 / ((2166 + 2437) / 2 )
=13021 / 2301.5
=5.66

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

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=4113 / ((2187 + 2437) / 2 )
=4113 / 2312
=1.78

* 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.


Naigai Co  (TSE:8013) 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.


Naigai Co Receivables Turnover Related Terms

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Naigai Co (TSE:8013) Business Description

Traded in Other Exchanges
N/A
Address
7-8-5 Akasaka, Minato-Ku, Tokyo, JPN, 107-0052
Naigai Co Ltd operates in the retail apparel stores industry. The company is primarily engaged in the planning, manufacturing, wholesales and import/export of textile products. It offers pantyhoses; and men's, women's, and children's socks.

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