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Step Co (TSE:9795) Receivables Turnover : 21.24 (As of Mar. 2024)


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What is Step Co 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. Step Co's Revenue for the three months ended in Mar. 2024 was 円3,582 Mil. Step Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円169 Mil. Hence, Step Co's Receivables Turnover for the three months ended in Mar. 2024 was 21.24.


Step Co Receivables Turnover Historical Data

The historical data trend for Step Co'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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Step Co Receivables Turnover Chart

Step Co Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 177.33 162.47 190.34 197.56 189.79

Step Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.30 29.39 30.65 40.58 21.24

Competitive Comparison of Step Co's Receivables Turnover

For the Education & Training Services subindustry, Step Co'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.


Step Co's Receivables Turnover Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Step Co's Receivables Turnover distribution charts can be found below:

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



Step Co Receivables Turnover Calculation

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

Step Co'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 )
=14442.008 / ((69.055 + 83.136) / 2 )
=14442.008 / 76.0955
=189.79

Step Co'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 )
=3581.702 / ((119.864 + 217.348) / 2 )
=3581.702 / 168.606
=21.24

* 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.


Step Co  (TSE:9795) 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.


Step Co Receivables Turnover Related Terms

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Step Co (TSE:9795) Business Description

Traded in Other Exchanges
N/A
Address
Fujisawa 602, Kanagawa Prefecture, Fujisawa, JPN, 251-0052
Step Co Ltd is a Japan-based company engaged in the operation of private preparatory schools, as well as the creation, editing, printing, and binding of educational materials. It also provides special courses like spot color examination measures course, interview course, public middle and high school integrated school courses.

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