Toho Co (FRA:TOH) Receivables Turnover : 2.13 (As of Feb. 2024)

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What is Toho Co 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. Toho Co's Revenue for the three months ended in Feb. 2024 was €497 Mil. Toho Co's average Accounts Receivable for the three months ended in Feb. 2024 was €234 Mil. Hence, Toho Co's Receivables Turnover for the three months ended in Feb. 2024 was 2.13.

Toho Co Receivables Turnover Historical Data

The historical data trend for Toho 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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Toho Co Receivables Turnover Chart

Toho Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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11.45

8.16

10.44

8.45

7.14

Toho Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.96	2.05	1.74	1.82	2.13

Competitive Comparison of Toho Co's Receivables Turnover

For the Entertainment subindustry, Toho 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.

Toho Co's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toho Co's Receivables Turnover distribution charts can be found below:

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

Toho Co Receivables Turnover Calculation

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

Toho Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	1755.59	/ (	(231.109	+	260.693)	/	2 )
=	1755.59	/	245.901
=	7.14

Toho Co's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	497.203	/ (	(206.766	+	260.693)	/	2 )
=	497.203	/	233.7295
=	2.13

Toho Co (FRA:TOH) 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.

Toho Co Receivables Turnover Related Terms

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Toho Co (FRA:TOH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Toho Co Ltd (FRA:TOH) » Definitions » Receivables Turnover

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TKCOF:USA 9602:Japan

Address

1-2-2 Yurakucho Chiyoda-ku, Tokyo, JPN, 100-8415

Website

http://www.toho.co.jp

Toho is a diversified media company, with interests in the film and theater businesses. The company operates through three primary business segments: movie, theater, and real estate. The movie segment generates the vast majority of its revenue and is involved in the production and distribution of feature films. The theater segment is involved in planning, producing, and performing stage productions. The corporate real estate segment leases land and buildings. The company generates the vast majority of its revenue in Japan.

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