Daiwa Computer Co (TSE:3816) Receivables Turnover

: 1.54 (As of Jan. 2024)

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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. Daiwa Computer Co's Revenue for the three months ended in Jan. 2024 was 円820 Mil. Daiwa Computer Co's average Accounts Receivable for the three months ended in Jan. 2024 was 円533 Mil. Hence, Daiwa Computer Co's Receivables Turnover for the three months ended in Jan. 2024 was 1.54.

Daiwa Computer Co Receivables Turnover Historical Data

The historical data trend for Daiwa Computer 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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Daiwa Computer Co Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Receivables Turnover

6.60

6.45

7.26

7.42

6.39

Daiwa Computer Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover																1.77	1.77	1.75	1.56	1.54

Competitive Comparison

For the Software - Application subindustry, Daiwa Computer 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.

Daiwa Computer Co Receivables Turnover Distribution

For the Software industry and Technology sector, Daiwa Computer Co's Receivables Turnover distribution charts can be found below:

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

Daiwa Computer Co Receivables Turnover Calculation

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

Daiwa Computer Co's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	3005.069	/ (	(417.936	+	522.444)	/	2 )
=	3005.069	/	470.19
=	6.39

Daiwa Computer Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	820.122	/ (	(534.268	+	531.489)	/	2 )
=	820.122	/	532.8785
=	1.54

Daiwa Computer Co (TSE:3816) 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.

Daiwa Computer Co Receivables Turnover Related Terms

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Daiwa Computer Co (TSE:3816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Daiwa Computer Co Ltd (TSE:3816) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

36-18, Wakamatsu-Cho, Takatsuki-Shi, Osaka, JPN, 569-0054

Website

http://www.daiwa-computer.co.jp

Daiwa Computer Co Ltd is engaged in designing business applications, web-related system, software development, operation support, system consulting, related equipment sales, development and sale of packaged software, consulting, SaaS/ASP service. It also engaged in the production, processing, and sale of agricultural crops.

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