eWeLL Co (TSE:5038) Receivables Turnover : 1.38 (As of Mar. 2024)

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What is eWeLL 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. eWeLL Co's Revenue for the three months ended in Mar. 2024 was 円575 Mil. eWeLL Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円416 Mil. Hence, eWeLL Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.38.

eWeLL Co Receivables Turnover Historical Data

The historical data trend for eWeLL 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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eWeLL Co Receivables Turnover Chart

eWeLL Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

4.97

5.96

5.72

5.63

eWeLL Co Quarterly Data
	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					1.42	1.44	1.42	1.43	1.38

Competitive Comparison of eWeLL Co's Receivables Turnover

For the Health Information Services subindustry, eWeLL 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.

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

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

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

eWeLL Co Receivables Turnover Calculation

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

eWeLL 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 )
=	2069.577	/ (	(319.361	+	416.178)	/	2 )
=	2069.577	/	367.7695
=	5.63

eWeLL 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 )
=	574.96	/ (	(416.178	+	416.247)	/	2 )
=	574.96	/	416.2125
=	1.38

eWeLL Co (TSE:5038) 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.

eWeLL Co Receivables Turnover Related Terms

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eWeLL Co (TSE:5038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » eWeLL Co Ltd (TSE:5038) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-3-3 Bingomachi, Sun Building Bingomachi 9th FLoor, Chuo-ku, Osaka, JPN, 541-0051

Website

https://ewell.co.jp

eWeLL Co Ltd provide services that support businesses in the home-based care industry such as SaaS business support tools for home-visit nursing stations.

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