EM Systems Co (TSE:4820) Receivables Turnover : 1.71 (As of Mar. 2024)

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What is EM Systems 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. EM Systems Co's Revenue for the three months ended in Mar. 2024 was 円5,571 Mil. EM Systems Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円3,252 Mil. Hence, EM Systems Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.71.

EM Systems Co Receivables Turnover Historical Data

The historical data trend for EM Systems 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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EM Systems Co Receivables Turnover Chart

EM Systems Co Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Receivables Turnover

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5.85

5.65

6.13

6.18

6.37

EM Systems Co 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															1.56	1.47	1.67	1.64	1.71

Competitive Comparison of EM Systems Co's Receivables Turnover

For the Health Information Services subindustry, EM Systems 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.

EM Systems Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, EM Systems Co's Receivables Turnover distribution charts can be found below:

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

EM Systems Co Receivables Turnover Calculation

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

EM Systems Co's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Receivables Turnover (A: Dec. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2022 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )
=	16919	/ (	(2555	+	2761)	/	2 )
=	16919	/	2658
=	6.37

EM Systems Co'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 )
=	5571	/ (	(3082	+	3421)	/	2 )
=	5571	/	3251.5
=	1.71

EM Systems Co (TSE:4820) 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.

EM Systems Co Receivables Turnover Related Terms

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EM Systems Co (TSE:4820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EM Systems Co Ltd (TSE:4820) » Definitions » Receivables Turnover

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EMO:Germany

Address

Osaka Miyahara 1-chome, sixth No. 1 Shin-Osaka brick building, Yodogawa-ku, Osaka, JPN, 532-0003

Website

http://www.emsystems.co.jp

EM Systems Co Ltd is a Japan-based company. Along with its subsidiaries, the firm is engaged in the development, sales, and maintenance of computer software for medical business. It operates its business in three divisions Dispensing system business develops and sells systems for pharmacies. Medical system business develops and sells medical office processing computer system for medical institutions, mainly clinics, and provides supplementary supply and maintenance service. Other business division develops, sell and maintain maintenance service for medical care nursing collaboration solutions and systems for nursing care service providers.

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