Quick Co (TSE:4318) Receivables Turnover : 2.47 (As of Dec. 2023)

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What is Quick 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. Quick Co's Revenue for the three months ended in Dec. 2023 was 円6,442 Mil. Quick Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円2,612 Mil. Hence, Quick Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.47.

Quick Co Receivables Turnover Historical Data

The historical data trend for Quick 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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Quick Co Receivables Turnover Chart

Quick Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.45

10.01

9.38

10.87

10.86

Quick 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															2.59	2.75	3.37	2.43	2.47

Competitive Comparison of Quick Co's Receivables Turnover

For the Staffing & Employment Services subindustry, Quick 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.

Quick Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Quick Co's Receivables Turnover distribution charts can be found below:

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

Quick Co Receivables Turnover Calculation

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

Quick 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 )
=	27794.894	/ (	(2349.801	+	2770.678)	/	2 )
=	27794.894	/	2560.2395
=	10.86

Quick 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 )
=	6442.048	/ (	(3049.294	+	2174.68)	/	2 )
=	6442.048	/	2611.987
=	2.47

Quick Co (TSE:4318) 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.

Quick Co Receivables Turnover Related Terms

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Quick Co (TSE:4318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Quick Co Ltd (TSE:4318) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Osaka Fukoku Seimei Building 2-4, Komatsubara, Kita-ku, Osaka, JPN, 530-0018

Website

http://www.919.jp

Quick Co Ltd provides human resource solutions and information services. The company operates in four business divisions namely Recruiting Division, Staffing Services Division, Information Publishing Division, and Others.

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