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Hasegawa Co (TSE:8230) Receivables Turnover : 5.21 (As of Dec. 2023)


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What is Hasegawa 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. Hasegawa Co's Revenue for the three months ended in Dec. 2023 was 円4,704 Mil. Hasegawa Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円904 Mil. Hence, Hasegawa Co's Receivables Turnover for the three months ended in Dec. 2023 was 5.21.


Hasegawa Co Receivables Turnover Historical Data

The historical data trend for Hasegawa 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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Hasegawa Co Receivables Turnover Chart

Hasegawa Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.09 22.73 23.04 22.77 22.79

Hasegawa 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 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 5.65 5.87 5.41 6.62 5.21

Competitive Comparison of Hasegawa Co's Receivables Turnover

For the Specialty Retail subindustry, Hasegawa 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.


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

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

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



Hasegawa Co Receivables Turnover Calculation

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

Hasegawa 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 )
=21608.103 / ((907.176 + 989.017) / 2 )
=21608.103 / 948.0965
=22.79

Hasegawa 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 )
=4704 / ((1037 + 770) / 2 )
=4704 / 903.5
=5.21

* 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.


Hasegawa Co  (TSE:8230) 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.


Hasegawa Co Receivables Turnover Related Terms

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Hasegawa Co (TSE:8230) Business Description

Traded in Other Exchanges
N/A
Address
1-5-3 Koraku, Bunkyo-ku, Koraku International Building, 7th floor, Tokyo, JPN, 112-0004
Hasegawa Co Ltd sells Buddhist altars and Buddhist altars at more than 100 directly managed stores mainly in the Kanto, Tokai, and Kyushu regions. The company operates through three reporting segments namely Ingredients / Tombstones, Indoor Tombstones, and Food / Miscellaneous Goods. The tombstones segment is engaged in the retail sale of Buddhist altar Buddhist altars and tombstones.

Hasegawa Co (TSE:8230) Headlines

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