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Prestige International (TSE:4290) Receivables Turnover : 2.40 (As of Dec. 2023)


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What is Prestige International 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. Prestige International's Revenue for the three months ended in Dec. 2023 was 円14,982 Mil. Prestige International's average Accounts Receivable for the three months ended in Dec. 2023 was 円6,231 Mil. Hence, Prestige International's Receivables Turnover for the three months ended in Dec. 2023 was 2.40.


Prestige International Receivables Turnover Historical Data

The historical data trend for Prestige International'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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Prestige International Receivables Turnover Chart

Prestige International 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 9.39 9.76 9.51 10.67 10.87

Prestige International 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 2.75 2.64 2.65 2.66 2.40

Competitive Comparison of Prestige International's Receivables Turnover

For the Specialty Business Services subindustry, Prestige International'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.


Prestige International's Receivables Turnover Distribution in the Business Services Industry

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

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



Prestige International Receivables Turnover Calculation

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

Prestige International'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 )
=54562.956 / ((4730.591 + 5304.236) / 2 )
=54562.956 / 5017.4135
=10.87

Prestige International'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 )
=14981.673 / ((5970.275 + 6491.479) / 2 )
=14981.673 / 6230.877
=2.40

* 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.


Prestige International  (TSE:4290) 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.


Prestige International Receivables Turnover Related Terms

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Prestige International (TSE:4290) Business Description

Traded in Other Exchanges
N/A
Address
2-4-1 Kojimachi, Chiyoda-ku, Tokyo, JPN, 102-0083
Prestige International Inc is a Japanese company which is engaged in providing business support services to clients. It mainly provides 24-7 customer contact services and road assist services for automobile makers; provides Japanese call center services and claims agent services for overseas customers; provides IT (Information Technology)-related services; and provides real estate-related services such as house cleaning and others, as well as parking lot assist services.

Prestige International (TSE:4290) Headlines

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