Nitori Holdings Co (TSE:9843) Receivables Turnover : 4.89 (As of Dec. 2023)

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What is Nitori Holdings 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. Nitori Holdings Co's Revenue for the three months ended in Dec. 2023 was 円246,932 Mil. Nitori Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円50,537 Mil. Hence, Nitori Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 4.89.

Nitori Holdings Co Receivables Turnover Historical Data

The historical data trend for Nitori Holdings 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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Nitori Holdings Co Receivables Turnover Chart

Nitori Holdings Co Annual Data

Trend

Feb13

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Receivables Turnover

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27.94

25.73

24.38

21.83

21.08

Nitori Holdings Co Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															4.84	4.77	4.83	4.61	4.89

Competitive Comparison of Nitori Holdings Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Nitori Holdings 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.

Nitori Holdings Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nitori Holdings Co's Receivables Turnover distribution charts can be found below:

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

Nitori Holdings Co Receivables Turnover Calculation

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

Nitori Holdings Co's Receivables Turnover for the fiscal year that ended in Feb. 2022 is calculated as

	Receivables Turnover (A: Feb. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2022 )	/ (	(Accounts Receivable (A: Feb. 2021 )	+	Accounts Receivable (A: Feb. 2022 ))	/	count )
=	811581	/ (	(37806	+	39206)	/	2 )
=	811581	/	38506
=	21.08

Nitori Holdings Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	246932	/ (	(42320	+	58754)	/	2 )
=	246932	/	50537
=	4.89

Nitori Holdings Co (TSE:9843) 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.

Nitori Holdings Co Receivables Turnover Related Terms

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Nitori Holdings Co (TSE:9843) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nitori Holdings Co Ltd (TSE:9843) » Definitions » Receivables Turnover

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NCLTY:USA NCLTF:USA

Address

6-20, Kamiya 3-chome, Kita-ku, Tokyo, JPN, 115-0043

Website

http://www.nitorihd.co.jp

Nitori Holdings Co Ltd is a Japanese holding company engaged in the sale of furniture and interior goods. It primarily operates home furnishing and fashion stores, along with other ventures such as the Nitori Mall and Corporate Enterprise, which focuses on corporate customers. It conducts these operations and more through its subsidiaries. The firm's products include bedding, curtains, cookware, tableware, tables, desks, and sofas. Nitori's operations are divided among manufacturing, trading company and logistics (which deals with imports and distribution centers), sales, and advertisement and publicity. Aside from its presence across Japan, the company operates in California, China, Huizhou, Indonesia, Shanghai, and Vietnam.

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