ZIGExN Co (TSE:3679) Receivables Turnover : 1.67 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is ZIGExN 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. ZIGExN Co's Revenue for the three months ended in Dec. 2023 was 円5,717 Mil. ZIGExN Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円3,425 Mil. Hence, ZIGExN Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.67.

ZIGExN Co Receivables Turnover Historical Data

The historical data trend for ZIGExN 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.

* Premium members only.

ZIGExN Co Receivables Turnover Chart

ZIGExN Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

6.65

6.41

6.30

7.78

7.02

ZIGExN Co 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															1.97	1.93	1.65	1.67	1.67

Competitive Comparison of ZIGExN Co's Receivables Turnover

For the Internet Content & Information subindustry, ZIGExN 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.

ZIGExN Co's Receivables Turnover Distribution in the Interactive Media Industry

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

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

ZIGExN Co Receivables Turnover Calculation

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

ZIGExN Co'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 )
=	18709	/ (	(1950	+	3378)	/	2 )
=	18709	/	2664
=	7.02

ZIGExN Co'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 )
=	5717	/ (	(3640	+	3210)	/	2 )
=	5717	/	3425
=	1.67

ZIGExN Co (TSE:3679) 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.

ZIGExN Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of ZIGExN Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

ZIGExN Co (TSE:3679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » ZIGExN Co Ltd (TSE:3679) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ZGXNF:USA ZGE:Germany

Address

3-4-8 Toranomon, 5th FloorMinato-k, Tokyo, JPN, 105-0001

Website

http://www.zigexn.co.jp

ZIGExN Co.,Ltd. develops and operates the internet media platforms called EX Sites that provide information from multiple media and submit user's requests to multiple media in one access. The company's Life Media Platform business developed services to a wide range of areas related to daily life. The company operates career change EX, an employment site, Rent SMOCCA EX, a search site for real estate information, Pharmacist jobs EX, a pharmacist job search site, among others.

ZIGExN Co (TSE:3679) Headlines

No Headlines