Petgo (TSE:7140) Receivables Turnover

: 4.35 (As of Dec. 2023)

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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. Petgo's Revenue for the three months ended in Dec. 2023 was 円2,520 Mil. Petgo's average Accounts Receivable for the three months ended in Dec. 2023 was 円580 Mil. Hence, Petgo's Receivables Turnover for the three months ended in Dec. 2023 was 4.35.

Petgo Receivables Turnover Historical Data

The historical data trend for Petgo'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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Petgo Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

15.77

16.77

15.25

15.44

Petgo Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover							4.07	3.64	4.06	4.12	4.35

Competitive Comparison

For the Medical Care Facilities subindustry, Petgo'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.

Petgo Receivables Turnover Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Petgo's Receivables Turnover distribution charts can be found below:

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

Petgo Receivables Turnover Calculation

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

Petgo'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 )
=	10025.636	/ (	(653.256	+	645.442)	/	2 )
=	10025.636	/	649.349
=	15.44

Petgo'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 )
=	2520.172	/ (	(611.957	+	547.771)	/	2 )
=	2520.172	/	579.864
=	4.35

Petgo (TSE:7140) 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.

Petgo Receivables Turnover Related Terms

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Petgo (TSE:7140) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Petgo Corp (TSE:7140) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-32-2 Honcho, Harmony Tower 12th Floor, Nakano-ku, Tokyo, JPN, 164-0012

Website

https://www.corp.petgo.jp

Petgo Corp is engaged in the pet healthcare business.

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