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Cross Marketing Group (TSE:3675) Receivables Turnover : 1.54 (As of Mar. 2024)


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What is Cross Marketing Group 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. Cross Marketing Group's Revenue for the three months ended in Mar. 2024 was 円6,826 Mil. Cross Marketing Group's average Accounts Receivable for the three months ended in Mar. 2024 was 円4,426 Mil. Hence, Cross Marketing Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.54.


Cross Marketing Group Receivables Turnover Historical Data

The historical data trend for Cross Marketing Group'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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Cross Marketing Group Receivables Turnover Chart

Cross Marketing Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Jun22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 5.35 5.36 4.74 7.67

Cross Marketing Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.59 1.55 1.73 1.73 1.54

Competitive Comparison of Cross Marketing Group's Receivables Turnover

For the Internet Content & Information subindustry, Cross Marketing Group'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.


Cross Marketing Group's Receivables Turnover Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cross Marketing Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Cross Marketing Group's Receivables Turnover falls into.



Cross Marketing Group Receivables Turnover Calculation

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

Cross Marketing Group's Receivables Turnover for the fiscal year that ended in Jun. 2022 is calculated as

Receivables Turnover (A: Jun. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2022 ) / ((Accounts Receivable (A: Dec. 2020 ) + Accounts Receivable (A: Jun. 2022 )) / count )
=24899.126 / ((3122.393 + 3373.39) / 2 )
=24899.126 / 3247.8915
=7.67

Cross Marketing Group's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=6825.543 / ((4581.785 + 4270.488) / 2 )
=6825.543 / 4426.1365
=1.54

* 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.


Cross Marketing Group  (TSE:3675) 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.


Cross Marketing Group Receivables Turnover Related Terms

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Cross Marketing Group (TSE:3675) Business Description

Traded in Other Exchanges
N/A
Address
Tokyo Opera City Tower, 24th Floor, 3-20-2 Nishishinjuku, Shinjuku-ku, Tokyo, JPN, 163-1424
Cross Marketing Group Inc provides panel research services. It offers online, qualitative, quantitative, consumer behavioral, and medical research services.

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