Dentsu Soken (TSE:4812) Receivables Turnover : 1.16 (As of Mar. 2024)

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What is Dentsu Soken 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. Dentsu Soken's Revenue for the three months ended in Mar. 2024 was 円37,099 Mil. Dentsu Soken's average Accounts Receivable for the three months ended in Mar. 2024 was 円32,047 Mil. Hence, Dentsu Soken's Receivables Turnover for the three months ended in Mar. 2024 was 1.16.

Dentsu Soken Receivables Turnover Historical Data

The historical data trend for Dentsu Soken'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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Dentsu Soken Receivables Turnover Chart

Dentsu Soken Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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5.01

4.86

4.70

4.82

4.33

Dentsu Soken 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															1.15	1.19	1.20	1.13	1.16

Competitive Comparison of Dentsu Soken's Receivables Turnover

For the Information Technology Services subindustry, Dentsu Soken'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.

Dentsu Soken's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, Dentsu Soken's Receivables Turnover distribution charts can be found below:

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

Dentsu Soken Receivables Turnover Calculation

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

Dentsu Soken's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	142608	/ (	(30374	+	35433)	/	2 )
=	142608	/	32903.5
=	4.33

Dentsu Soken'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 )
=	37099	/ (	(35433	+	28660)	/	2 )
=	37099	/	32046.5
=	1.16

Dentsu Soken (TSE:4812) 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.

Dentsu Soken Receivables Turnover Related Terms

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Dentsu Soken (TSE:4812) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dentsu Soken Inc (TSE:4812) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ISW:Germany

Address

2-17-1, Konan, Minato-ku, Tokyo, JPN, 108-0075

Website

https://www.dentsusoken.com

Dentsu Soken Inc provides a range of information technology, or IT, and consulting services. The company organizes itself into four segments based on service type. The financial solutions segment, which generates more revenue than any other segment, builds algorithmic trading systems and provides cash management, banking, and corporate finance services. The manufacturing solutions segment provides IT solutions for the entire product lifecycle, from product development and production, to sales and maintenance in the manufacturing industry. The communication IT solutions segment provides e-commerce and customer relationship management services. The business solutions segment provides consulting and IT services.

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