Invincible Investment (TSE:8963) Receivables Turnover : 3.00 (As of Jun. 2023)

View and export this data going back to 2006. Start your Free Trial

What is Invincible Investment 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. Invincible Investment's Revenue for the six months ended in Jun. 2023 was 円15,915 Mil. Invincible Investment's average Accounts Receivable for the six months ended in Jun. 2023 was 円5,298 Mil. Hence, Invincible Investment's Receivables Turnover for the six months ended in Jun. 2023 was 3.00.

Invincible Investment Receivables Turnover Historical Data

The historical data trend for Invincible Investment'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.

Invincible Investment Receivables Turnover Chart

Invincible Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

15.21

6.87

6.09

5.49

7.17

Invincible Investment Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.76	2.70	2.90	3.00	3.27

Competitive Comparison of Invincible Investment's Receivables Turnover

For the REIT - Hotel & Motel subindustry, Invincible Investment'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.

Invincible Investment's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Invincible Investment's Receivables Turnover distribution charts can be found below:

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

Invincible Investment Receivables Turnover Calculation

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

Invincible Investment's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	19609.824	/ (	(2293.736	+	4845.162)	/	2 )
=	19609.824	/	3569.449
=	5.49

Invincible Investment's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Dec. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	15914.981	/ (	(4845.162	+	5750.301)	/	2 )
=	15914.981	/	5297.7315
=	3.00

Invincible Investment (TSE:8963) 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.

Invincible Investment Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Invincible Investment's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Invincible Investment (TSE:8963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Invincible Investment Corp (TSE:8963) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Roppongi Hills Mori Tower 6-10-1 Roppongi, Minato-ku, Tokyo, JPN

Website

http://www.invincible-inv.co.jp

Invincible Investment Corp is a Japanese real estate investment trust. It aims to ensure steady asset growth and stable revenues from a medium-to-long-term perspective through investing in real estate properties. The company invests primarily in residential properties or hotels, or real estate assets and other assets backed by such residential properties or hotels and real estate-backed securities.

Invincible Investment (TSE:8963) Headlines

No Headlines