Creditison Co (TSE:8253) Receivables Turnover : 0.03 (As of Mar. 2024)

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What is Creditison 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. Creditison Co's Revenue for the three months ended in Mar. 2024 was 円107,860 Mil. Creditison Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円3,326,081 Mil. Hence, Creditison Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.03.

Creditison Co Receivables Turnover Historical Data

The historical data trend for Creditison 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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Creditison Co Receivables Turnover Chart

Creditison Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.16

0.13

Creditison 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															0.03	0.03	0.03	0.03	0.03

Competitive Comparison of Creditison Co's Receivables Turnover

For the Credit Services subindustry, Creditison 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.

Creditison Co's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Creditison Co's Receivables Turnover distribution charts can be found below:

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

Creditison Co Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	420314	/ (	(2990519	+	3344573)	/	2 )
=	420314	/	3167546
=	0.13

Creditison 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 )
=	107860	/ (	(3307589	+	3344573)	/	2 )
=	107860	/	3326081
=	0.03

Creditison Co (TSE:8253) 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.

Creditison Co Receivables Turnover Related Terms

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Creditison Co (TSE:8253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Saison Co Ltd (TSE:8253) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CSASF:USA QC9:Germany

Address

1-1 Higashi-Ikebukuro 3-chome, 52nd Floor, Sunshine 60 Building, Toshima-ku, Tokyo, JPN, 170-6073

Website

http://www.saisoncard.co.jp

Credit Saison Co Ltd is a consumer finance company operating primarily in Japan. Saison operates in five reportable business segments: credit services, leasing, finance, real estate, and entertainment. Of these, credit services make up the vast majority of revenue. The company is one of Japan's leading card companies. The company issues Visa, MasterCard, American Express, and affinity cards carrying the Saison brand to a multitude of cardholders. Saison also provides insurance and asset management. The company is affiliated with the Mizuho Financial Group.

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