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WILL GROUP (TSE:6089) Receivables Turnover : 2.04 (As of Dec. 2023)


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What is WILL GROUP 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. WILL GROUP's Revenue for the three months ended in Dec. 2023 was 円34,641 Mil. WILL GROUP's average Accounts Receivable for the three months ended in Dec. 2023 was 円16,941 Mil. Hence, WILL GROUP's Receivables Turnover for the three months ended in Dec. 2023 was 2.04.


WILL GROUP Receivables Turnover Historical Data

The historical data trend for WILL GROUP'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.

* Premium members only.

WILL GROUP Receivables Turnover Chart

WILL GROUP Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.71 8.15 7.95 8.15 8.13

WILL GROUP 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.07 2.02 1.97 2.04 2.04

Competitive Comparison of WILL GROUP's Receivables Turnover

For the Staffing & Employment Services subindustry, WILL GROUP'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.


WILL GROUP's Receivables Turnover Distribution in the Business Services Industry

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

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



WILL GROUP Receivables Turnover Calculation

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

WILL GROUP'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 )
=143932 / ((17458 + 17928) / 2 )
=143932 / 17693
=8.13

WILL GROUP'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 )
=34641 / ((17084 + 16798) / 2 )
=34641 / 16941
=2.04

* 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.


WILL GROUP  (TSE:6089) 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.


WILL GROUP Receivables Turnover Related Terms

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WILL GROUP (TSE:6089) Business Description

Traded in Other Exchanges
N/A
Address
Harmony Tower 27th floor, No. 32, No. 2, Honcho, Nakano-ku, Tokyo, JPN, 164-0012
WILL GROUP INC provides recruitment services. The company offers staffing and employee placement services in Japan.

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