Achilles (TSE:5142) Receivables Turnover : 1.32 (As of Dec. 2023)

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What is Achilles 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. Achilles's Revenue for the three months ended in Dec. 2023 was 円21,095 Mil. Achilles's average Accounts Receivable for the three months ended in Dec. 2023 was 円15,934 Mil. Hence, Achilles's Receivables Turnover for the three months ended in Dec. 2023 was 1.32.

Achilles Receivables Turnover Historical Data

The historical data trend for Achilles'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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Achilles Receivables Turnover Chart

Achilles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.80

3.96

3.98

4.28

4.72

Achilles Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.24	1.10	1.13	1.27	1.32

Competitive Comparison of Achilles's Receivables Turnover

For the Chemicals subindustry, Achilles'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.

Achilles's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Achilles's Receivables Turnover distribution charts can be found below:

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

Achilles Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	82917	/ (	(17318	+	17818)	/	2 )
=	82917	/	17568
=	4.72

Achilles's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	21095	/ (	(15566	+	16301)	/	2 )
=	21095	/	15933.5
=	1.32

Achilles (TSE:5142) 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.

Achilles Receivables Turnover Related Terms

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Achilles (TSE:5142) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Achilles Corp (TSE:5142) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

22-5,Daikyo-Cho, Shinjuku-Ku, Tokyo, JPN, 160-8885

Website

http://www.achilles.jp

Achilles Corp engages in the manufacture and sale of shoes, plastic products, and industrial materials. It operates through the following segments: Shoes, Plastic, and Industrial Materials. The Shoe segment is involved in the production and sale of shoes. The Plastic segment includes automotive interior materials, floor and wall coverings, films, inflatable boards, and rubberized fabric. The Industrial Materials segment provides urethane, heat insulation products, industrial materials, and shock absorbers.

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