Aiful (TSE:8515) Receivables Turnover : 0.25 (As of Mar. 2024)

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What is Aiful 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. Aiful's Revenue for the three months ended in Mar. 2024 was 円41,592 Mil. Aiful's average Accounts Receivable for the three months ended in Mar. 2024 was 円163,955 Mil. Hence, Aiful's Receivables Turnover for the three months ended in Mar. 2024 was 0.25.

Aiful Receivables Turnover Historical Data

The historical data trend for Aiful'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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Aiful Receivables Turnover Chart

Aiful Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.24

1.25

1.17

1.07

Aiful 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															0.27	0.28	0.28	0.28	0.25

Competitive Comparison of Aiful's Receivables Turnover

For the Credit Services subindustry, Aiful'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.

Aiful's Receivables Turnover Distribution in the Credit Services Industry

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

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

Aiful Receivables Turnover Calculation

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

Aiful'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 )
=	163107	/ (	(136559	+	167753)	/	2 )
=	163107	/	152156
=	1.07

Aiful'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 )
=	41592	/ (	(160156	+	167753)	/	2 )
=	41592	/	163954.5
=	0.25

Aiful (TSE:8515) 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.

Aiful Receivables Turnover Related Terms

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Aiful (TSE:8515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Aiful Corp (TSE:8515) » Definitions » Receivables Turnover

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AAU:Germany

Address

381-1, Takasago-cho Gojo-Agaru, Karasuma-Dori, Shimogyo-ku, Kyoto, JPN, 600-8420

Website

http://www.aiful.co.jp

Aiful Corp provides consumer financing and consumer credit services exclusively in Japan. The company operates and reports results through four segments: its loan business, its credit card business, and its credit guarantee business, as well as its other segment. The company generates nearly all of its revenue through interest and its largest contributor to revenue is its loan business. The vast majority of the company's loans on its books are unsecured. Other loans include mortgages and small-business loans. The company handles its credit guarantee services in tie-ups with commercial banks.

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