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Sohgo Security Services Co (Sohgo Security Services Co) Receivables Turnover : 2.20 (As of Dec. 2023)


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What is Sohgo Security Services 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. Sohgo Security Services Co's Revenue for the three months ended in Dec. 2023 was $921 Mil. Sohgo Security Services Co's average Accounts Receivable for the three months ended in Dec. 2023 was $419 Mil. Hence, Sohgo Security Services Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.20.


Sohgo Security Services Co Receivables Turnover Historical Data

The historical data trend for Sohgo Security Services 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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Sohgo Security Services Co Receivables Turnover Chart

Sohgo Security Services Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.08 8.42 8.48 8.46 7.63

Sohgo Security Services Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.18 2.20 1.92 2.07 2.20

Competitive Comparison of Sohgo Security Services Co's Receivables Turnover

For the Security & Protection Services subindustry, Sohgo Security Services 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.


Sohgo Security Services Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sohgo Security Services Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sohgo Security Services Co's Receivables Turnover falls into.



Sohgo Security Services Co Receivables Turnover Calculation

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

Sohgo Security Services Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=3682.554 / ((476.128 + 489.248) / 2 )
=3682.554 / 482.688
=7.63

Sohgo Security Services 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 )
=921.028 / ((408.205 + 430.291) / 2 )
=921.028 / 419.248
=2.20

* 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.


Sohgo Security Services Co  (OTCPK:SOHGF) 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.


Sohgo Security Services Co Receivables Turnover Related Terms

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Sohgo Security Services Co (Sohgo Security Services Co) Business Description

Traded in Other Exchanges
Address
1-6-6 Moto-Akasaka, Minato-ku, Tokyo, JPN, 107-8511
Sohgo Security Services Co Ltd is a Japanese security services provider. The services and products offered include home security systems, personal security for senior citizens, children and women, life support such as housework contracting, listening-device inspection and long-term care, online security systems for corporations, electronic security systems with monitoring capabilities, ATM management systems, damage insurance, and housing complexes security services.

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