Wacoal Holdings (Wacoal Holdings) Receivables Turnover : 2.40 (As of Dec. 2023)

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What is Wacoal 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. Wacoal Holdings's Revenue for the three months ended in Dec. 2023 was $321 Mil. Wacoal Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $134 Mil. Hence, Wacoal Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 2.40.

Wacoal Holdings Receivables Turnover Historical Data

The historical data trend for Wacoal 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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Wacoal Holdings Receivables Turnover Chart

Wacoal Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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7.45

8.44

8.05

8.63

8.66

Wacoal Holdings 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															2.31	2.22	2.34	2.28	2.40

Competitive Comparison of Wacoal Holdings's Receivables Turnover

For the Apparel Manufacturing subindustry, Wacoal 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.

Wacoal Holdings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wacoal Holdings's Receivables Turnover distribution charts can be found below:

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

Wacoal Holdings Receivables Turnover Calculation

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

Wacoal 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 )
=	1410.938	/ (	(174.62	+	151.237)	/	2 )
=	1410.938	/	162.9285
=	8.66

Wacoal 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 )
=	321.409	/ (	(132.037	+	135.302)	/	2 )
=	321.409	/	133.6695
=	2.40

Wacoal Holdings (OTCPK:WACLY) 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.

Wacoal Holdings Receivables Turnover Related Terms

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Wacoal Holdings (Wacoal Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wacoal Holdings Corp (OTCPK:WACLY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

3591:Japan

Address

29, Nakajima-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8530

Website

http://www.wacoalholdings.jp

Wacoal Holdings Corp primarily manufactures and sells women's intimate apparel under the Wacoal brand. Roughly three fourths of its sales are from women's foundation garments and lingerie, which includes brassieres, girdles, slips, and women's briefs. Other innerwear includes nightwear, hosiery, and children's underwear. Remaining sales consist of outerwear and sportswear, textile products, and nonapparel businesses. Wacoal sells most of its apparel wholesale to department stores and other retailers. Less than a fourth of its apparel sales are direct to the customer via its retail stores, catalog sales, and internet orders. The vast majority of Wacoal's sales are in Japan. It also has sales in China, Europe, and the United States.

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