Tokai Tokyo Financial Holdings (TSE:8616) Receivables Turnover : 0.00 (As of Dec. 2023)

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What is Tokai Tokyo Financial Holdings 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. Tokai Tokyo Financial Holdings's Revenue for the three months ended in Dec. 2023 was 円21,117 Mil. Tokai Tokyo Financial Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was 円0 Mil.

Tokai Tokyo Financial Holdings Receivables Turnover Historical Data

The historical data trend for Tokai Tokyo Financial Holdings'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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Tokai Tokyo Financial Holdings Receivables Turnover Chart

Tokai Tokyo Financial Holdings Annual Data

Trend

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Receivables Turnover

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Tokai Tokyo Financial Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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Competitive Comparison of Tokai Tokyo Financial Holdings's Receivables Turnover

For the Capital Markets subindustry, Tokai Tokyo Financial Holdings'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.

Tokai Tokyo Financial Holdings's Receivables Turnover Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Tokai Tokyo Financial Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tokai Tokyo Financial Holdings's Receivables Turnover falls into.

Tokai Tokyo Financial Holdings Receivables Turnover Calculation

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

Tokai Tokyo Financial Holdings'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 )
=	73381	/ (	(0	+	0)	/	1 )
=	73381	/	0
=	N/A

Tokai Tokyo Financial Holdings'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 )
=	21117	/ (	(0	+	0)	/	1 )
=	21117	/	0
=	N/A

Tokai Tokyo Financial Holdings (TSE:8616) 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.

Tokai Tokyo Financial Holdings Receivables Turnover Related Terms

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Tokai Tokyo Financial Holdings (TSE:8616) Business Description

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TO91:Germany

Address

6-2, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-0027

Website

http://www.tokaitokyo-fh.jp

Tokai Tokyo Financial Holdings Inc. is the holding company of the Tokai Tokyo Financial Group. It operates and manages the group's companies. Tokai Tokyo Financial Group consists primarily of companies in Japan, but a few are in overseas markets. Tokyo Securities is the operating nucleus of the group and manages financial instruments businesses, fund management, back-office services, and research. For the overall group, operations are divided into trading activities and commissions. Tokai's commissions are gained through brokerage services and underwriting and distribution.

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