FCE (TSE:9564) Receivables Turnover : 3.04 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is FCE 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. FCE's Revenue for the three months ended in Mar. 2024 was 円1,347 Mil. FCE's average Accounts Receivable for the three months ended in Mar. 2024 was 円443 Mil. Hence, FCE's Receivables Turnover for the three months ended in Mar. 2024 was 3.04.

FCE Receivables Turnover Historical Data

The historical data trend for FCE'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.

FCE Receivables Turnover Chart

FCE Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

13.70

14.91

15.97

15.54

FCE Quarterly Data
	Sep20	Sep21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					3.02	2.43	3.36	3.52	3.04

Competitive Comparison of FCE's Receivables Turnover

For the Conglomerates subindustry, FCE'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.

FCE's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, FCE's Receivables Turnover distribution charts can be found below:

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

FCE Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	4174.316	/ (	(239.526	+	297.539)	/	2 )
=	4174.316	/	268.5325
=	15.54

FCE'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 )
=	1347.454	/ (	(293.03	+	593.535)	/	2 )
=	1347.454	/	443.2825
=	3.04

FCE (TSE:9564) 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.

FCE Receivables Turnover Related Terms

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

FCE Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » FCE Inc (TSE:9564) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-4-1 Nishi-Shinjuku, 10F Shinjuku NS Building, Shinjuku-ku, Tokyo, JPN, 163-0810

Website

https://www.fce-hd.co.jp

FCE Inc is engaged in the managing a group of companies that offer services in industries such as education, training, digital transformation, and related operations. It has business segments such as DX Promotion Business, Education and Training Business, and Publishing Business.

FCE Headlines

No Headlines