AirCloset (TSE:9557) Receivables Turnover : 3.02 (As of Mar. 2024)

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What is AirCloset 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. AirCloset's Revenue for the three months ended in Mar. 2024 was 円1,014 Mil. AirCloset's average Accounts Receivable for the three months ended in Mar. 2024 was 円336 Mil. Hence, AirCloset's Receivables Turnover for the three months ended in Mar. 2024 was 3.02.

AirCloset Receivables Turnover Historical Data

The historical data trend for AirCloset'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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AirCloset Receivables Turnover Chart

AirCloset Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

10.61

11.49

10.73

11.14

AirCloset Quarterly Data
	Jun20	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						2.57	2.98	2.94	3.25	3.02

Competitive Comparison of AirCloset's Receivables Turnover

For the Internet Retail subindustry, AirCloset'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.

AirCloset's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, AirCloset's Receivables Turnover distribution charts can be found below:

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

AirCloset Receivables Turnover Calculation

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

AirCloset'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 )
=	3740.043	/ (	(334.177	+	337.507)	/	2 )
=	3740.043	/	335.842
=	11.14

AirCloset'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 )
=	1013.815	/ (	(344.747	+	327.71)	/	2 )
=	1013.815	/	336.2285
=	3.02

AirCloset (TSE:9557) 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.

AirCloset Receivables Turnover Related Terms

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AirCloset (TSE:9557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » AirCloset Inc (TSE:9557) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1-31 Minamiaoyama, KD Minami Aoyama Building, Minato-ku, Tokyo, JPN, 107-0062

Website

https://www.air-closet.com

AirCloset Inc operates a fashion rental platform, airCloset. The company's services include Online Fashion Rental Service, airCloset; Fashion Rental Shop, airClosetxABLE; Online Styling EC Service, airCloset Fitting; Manufacturer's official monthly rental mall, airCloset Mall; and Remote personal styling service, airCloset Talk.

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