GRCS (TSE:9250) Receivables Turnover : 1.60 (As of May. 2024)

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What is GRCS 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. GRCS's Revenue for the three months ended in May. 2024 was 円748 Mil. GRCS's average Accounts Receivable for the three months ended in May. 2024 was 円467 Mil. Hence, GRCS's Receivables Turnover for the three months ended in May. 2024 was 1.60.

GRCS Receivables Turnover Historical Data

The historical data trend for GRCS'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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GRCS Receivables Turnover Chart

GRCS Annual Data

Trend

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

8.05

7.40

7.41

7.71

7.55

GRCS Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Receivables Turnover	Get a 7-Day Free Trial									1.95	2.27	2.28	2.05	1.60

Competitive Comparison of GRCS's Receivables Turnover

For the Information Technology Services subindustry, GRCS'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.

GRCS's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, GRCS's Receivables Turnover distribution charts can be found below:

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

GRCS Receivables Turnover Calculation

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

GRCS's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	2783.909	/ (	(397.931	+	339.09)	/	2 )
=	2783.909	/	368.5105
=	7.55

GRCS's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

	Receivables Turnover (Q: May. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: May. 2024 )	/ (	(Accounts Receivable (Q: Feb. 2024 )	+	Accounts Receivable (Q: May. 2024 ))	/	count )
=	747.824	/ (	(508.832	+	424.669)	/	2 )
=	747.824	/	466.7505
=	1.60

GRCS (TSE:9250) 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.

GRCS Receivables Turnover Related Terms

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GRCS Business Description

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Address

9th Floor, MG Ichigaya Building, 1-9 Gobancho, Chiyoda-ku, Tokyo, JPN

Website

https://www.grcs.co.jp

GRCS Inc provide GRC solutions that visualize the risks surrounding a company and utilize IT to optimize company rules and social rules while utilizing them in management.

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