Innotech (TSE:9880) Receivables Turnover : 0.89 (As of Dec. 2024)

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What is Innotech 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. Innotech's Revenue for the three months ended in Dec. 2024 was 円9,114 Mil. Innotech's average Accounts Receivable for the three months ended in Dec. 2024 was 円10,197 Mil. Hence, Innotech's Receivables Turnover for the three months ended in Dec. 2024 was 0.89.

Innotech Receivables Turnover Historical Data

The historical data trend for Innotech'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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Innotech Receivables Turnover Chart

Innotech Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Receivables Turnover

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4.08

4.30

4.21

4.22

3.98

Innotech Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															1.11	1.02	0.96	0.89	1.18

Competitive Comparison of Innotech's Receivables Turnover

For the Electronics & Computer Distribution subindustry, Innotech'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.

Innotech's Receivables Turnover Distribution in the Hardware Industry

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

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

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Innotech Receivables Turnover Calculation

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

Innotech's Receivables Turnover for the fiscal year that ended in Mar. 2025 is calculated as

	Receivables Turnover (A: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2025 )	/ (	(Accounts Receivable (A: Mar. 2024 )	+	Accounts Receivable (A: Mar. 2025 ))	/	count )
=	41977.111	/ (	(10034.754	+	11070.68)	/	2 )
=	41977.111	/	10552.717
=	3.98

Innotech's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	9114.392	/ (	(11063.321	+	9329.798)	/	2 )
=	9114.392	/	10196.5595
=	0.89

Innotech (TSE:9880) 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.

Innotech Receivables Turnover Related Terms

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Innotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innotech Corp (TSE:9880) » Definitions » Receivables Turnover

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Address

3-17-6, Shinyokohama Kouhoku-ku, Yokohama-shi, Kanagawa, JPN, 222-8580

Website

http://www.innotech.co.jp

Innotech Corp is engaged in the electronics distribution business segment. The company is involved in various business units that are integrated solution, which sells electronic design automation (EDA) software which assists designing of LSIs and electronic circuit boards; test solution, which provide various test solutions utilized during the semiconductor manufacturing process; intelligent system solution, which sells semiconductor devices, and other devices; advance products, which sell hard disk drives, and other memory products; and design analysis solution, which provide noise analysis service and design assistance tools. The company operates its business in Japan.

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