W Tokyo (TSE:9159) Receivables Turnover : 16.99 (As of Jun. 2023)

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What is W Tokyo 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. W Tokyo's Revenue for the six months ended in Jun. 2023 was 円3,616 Mil. W Tokyo's average Accounts Receivable for the six months ended in Jun. 2023 was 円213 Mil. Hence, W Tokyo's Receivables Turnover for the six months ended in Jun. 2023 was 16.99.

W Tokyo Receivables Turnover Historical Data

The historical data trend for W Tokyo'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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W Tokyo Receivables Turnover Chart

W Tokyo Annual Data

Trend

Jun21

Jun22

Jun23

Receivables Turnover

10.85

10.00

16.99

W Tokyo Semi-Annual Data
	Jun21	Jun22	Jun23
Receivables Turnover	10.85	10.00	16.99

Competitive Comparison of W Tokyo's Receivables Turnover

For the Advertising Agencies subindustry, W Tokyo'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.

W Tokyo's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, W Tokyo's Receivables Turnover distribution charts can be found below:

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

W Tokyo Receivables Turnover Calculation

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

W Tokyo's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	3616.175	/ (	(229.863	+	195.806)	/	2 )
=	3616.175	/	212.8345
=	16.99

W Tokyo'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: Jun. 2022 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	3616.175	/ (	(229.863	+	195.806)	/	2 )
=	3616.175	/	212.8345
=	16.99

W Tokyo (TSE:9159) 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.

W Tokyo Receivables Turnover Related Terms

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W Tokyo (TSE:9159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » W Tokyo Inc (TSE:9159) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-28-5 Jingumae, Shibuya-ku, W Building, Tokyo, JPN, 150-0001

Website

https://www.w-tokyo.co.jp

W Tokyo Inc is a branding and content production company that continues to create added value by making use of its unique production know-how, which has grown the Tokyo Girls Collection into Japan's largest platform. The company's services include the TGC production area, Content production and branding area, and Digital advertising area. The company's brands include TOKYO GIRLS COLLECTION, girls walker, VIRTUAL TGC, TGC AUDITION, TGC SCHOOL, TGC Teen, TGC CAMPUS, and others.

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