Two stone & Sons (TSE:7352) Receivables Turnover : 2.00 (As of Feb. 2024)

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What is Two stone & Sons 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. Two stone & Sons's Revenue for the three months ended in Feb. 2024 was 円3,271 Mil. Two stone & Sons's average Accounts Receivable for the three months ended in Feb. 2024 was 円1,635 Mil. Hence, Two stone & Sons's Receivables Turnover for the three months ended in Feb. 2024 was 2.00.

Two stone & Sons Receivables Turnover Historical Data

The historical data trend for Two stone & Sons'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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Two stone & Sons Receivables Turnover Chart

Two stone & Sons Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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8.63

7.96

7.85

8.23

8.11

Two stone & Sons Quarterly Data
	Aug18	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial														2.07	2.02	2.07	2.12	2.00

Competitive Comparison of Two stone & Sons's Receivables Turnover

For the Specialty Business Services subindustry, Two stone & Sons'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.

Two stone & Sons's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Two stone & Sons's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Two stone & Sons's Receivables Turnover falls into.

Two stone & Sons Receivables Turnover Calculation

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

Two stone & Sons's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	10056.657	/ (	(1013.652	+	1464.945)	/	2 )
=	10056.657	/	1239.2985
=	8.11

Two stone & Sons's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	3271.332	/ (	(1568.045	+	1702.542)	/	2 )
=	3271.332	/	1635.2935
=	2.00

Two stone & Sons (TSE:7352) 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.

Two stone & Sons Receivables Turnover Related Terms

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Two stone & Sons (TSE:7352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Two stone & Sons Inc (TSE:7352) » Definitions » Receivables Turnover

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Address

2-22-3 Shibuya, Shibuya East Exit Building 6F, Shibuya-ku, Tokyo, JPN, 150-0002

Website

https://twostone-s.com

Two Stone & Sons Inc is an engineering company providing engineering resources to companies, media businesses, and programming school businesses. The company develops services such as in-house media management and client solutions such as contract development.

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