Fullcast Holdings Co (TSE:4848) Receivables Turnover : 2.17 (As of Mar. 2024)

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What is Fullcast Holdings 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. Fullcast Holdings Co's Revenue for the three months ended in Mar. 2024 was 円17,133 Mil. Fullcast Holdings Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円7,908 Mil. Hence, Fullcast Holdings Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.17.

Fullcast Holdings Co Receivables Turnover Historical Data

The historical data trend for Fullcast Holdings 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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Fullcast Holdings Co Receivables Turnover Chart

Fullcast Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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8.11

7.55

8.21

8.04

7.93

Fullcast Holdings 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															1.87	2.16	2.16	2.25	2.17

Competitive Comparison of Fullcast Holdings Co's Receivables Turnover

For the Staffing & Employment Services subindustry, Fullcast Holdings 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.

Fullcast Holdings Co's Receivables Turnover Distribution in the Business Services Industry

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

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

Fullcast Holdings Co Receivables Turnover Calculation

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

Fullcast Holdings Co'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 )
=	68974	/ (	(8986	+	8416)	/	2 )
=	68974	/	8701
=	7.93

Fullcast Holdings 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 )
=	17133	/ (	(8416	+	7400)	/	2 )
=	17133	/	7908
=	2.17

Fullcast Holdings Co (TSE:4848) 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.

Fullcast Holdings Co Receivables Turnover Related Terms

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Fullcast Holdings Co (TSE:4848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Fullcast Holdings Co Ltd (TSE:4848) » Definitions » Receivables Turnover

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Address

8-9-5 Nishigotanda, Forecast Gotanda Building, 12th Floor, Tokyo, Shinagawa-ku, JPN, 1410031

Website

https://www.fullcastholdings.co.jp

Fullcast Holdings Co Ltd is a Japan-based holding company that provides human resource solutions. The company has two business segments namely, Short-term operational support business including short-term personnel service, event personnel service, and the security business, providing security services mainly for public facilities and corporations. The majority of the company's revenue is generated from Short-term operational support business. The short-term operational support business provides timely short-term staffing services that cater to fluctuations in client company's workloads.

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