Mercari (TSE:4385) Receivables Turnover : 0.25 (As of Mar. 2024)

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What is Mercari 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. Mercari's Revenue for the three months ended in Mar. 2024 was 円43,707 Mil. Mercari's average Accounts Receivable for the three months ended in Mar. 2024 was 円175,612 Mil. Hence, Mercari's Receivables Turnover for the three months ended in Mar. 2024 was 0.25.

Mercari Receivables Turnover Historical Data

The historical data trend for Mercari'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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Mercari Receivables Turnover Chart

Mercari Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

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60.80

62.01

60.09

42.83

31.78

Mercari 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															8.31	7.05	0.60	0.31	0.25

Competitive Comparison of Mercari's Receivables Turnover

For the Internet Retail subindustry, Mercari'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.

Mercari's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Mercari's Receivables Turnover distribution charts can be found below:

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

Mercari Receivables Turnover Calculation

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

Mercari's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	172064	/ (	(4454	+	6374)	/	2 )
=	172064	/	5414
=	31.78

Mercari'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 )
=	43707	/ (	(165836	+	185388)	/	2 )
=	43707	/	175612
=	0.25

Mercari (TSE:4385) 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.

Mercari Receivables Turnover Related Terms

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Mercari (TSE:4385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mercari Inc (TSE:4385) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MCARY:USA 6TP:Germany

Address

6 - 10 - 1 Roppongi, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN, 106-6118

Website

https://www.mercari.com

Mercari operates the largest C2C secondhand goods trading platform in Japan in Mercari, with over 22 million MAU and over JPY 893 billion gross merchandise value in fiscal year 2022. We estimate that it currently has over 70% market share in the C2C marketplace app market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the U.S. as well. Domestic business roughly accounts for over 95% of its total GMV.

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