Takachiho Co (TSE:8225) Receivables Turnover : 2.29 (As of Dec. 2023)

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What is Takachiho 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. Takachiho Co's Revenue for the three months ended in Dec. 2023 was 円2,057 Mil. Takachiho Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円898 Mil. Hence, Takachiho Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.29.

Takachiho Co Receivables Turnover Historical Data

The historical data trend for Takachiho 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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Takachiho Co Receivables Turnover Chart

Takachiho Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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13.83

15.23

12.11

13.99

13.77

Takachiho Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.46	1.89	2.84	2.74	2.29

Competitive Comparison of Takachiho Co's Receivables Turnover

For the Specialty Retail subindustry, Takachiho 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.

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

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

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

Takachiho Co Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	7334.334	/ (	(414.471	+	651.018)	/	2 )
=	7334.334	/	532.7445
=	13.77

Takachiho Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2056.751	/ (	(943.347	+	852.675)	/	2 )
=	2056.751	/	898.011
=	2.29

Takachiho Co (TSE:8225) 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.

Takachiho Co Receivables Turnover Related Terms

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Takachiho Co (TSE:8225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Takachiho Co Ltd (TSE:8225) » Definitions » Receivables Turnover

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Address

Soyojima 5888, Nagano Prefecture, Nagano, JPN

Website

http://www.kk-takachiho.jp

Takachiho Co Ltd is a Japan-based company primarily engaged in the wholesaling and retailing business of sightseeing souvenirs products. It is also involved in the Confectionery manufacturing business by producing cookies; Hot bath business which involves provision of facilities for hot bath; Seasonal business includes providing food items such as soba pasta, soba miso, sweets and other products; Outdoor business involving provision of outdoor items such as fishing supplies shop; and Other business.

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