Ricoh Leasing Co (TSE:8566) Receivables Turnover : 0.17 (As of Dec. 2023)

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What is Ricoh Leasing 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. Ricoh Leasing Co's Revenue for the three months ended in Dec. 2023 was 円79,657 Mil. Ricoh Leasing Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円458,045 Mil. Hence, Ricoh Leasing Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.17.

Ricoh Leasing Co Receivables Turnover Historical Data

The historical data trend for Ricoh Leasing 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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Ricoh Leasing Co Receivables Turnover Chart

Ricoh Leasing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.86

0.78

0.68

0.64

0.66

Ricoh Leasing 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															0.16	0.16	0.17	0.17	0.16

Competitive Comparison of Ricoh Leasing Co's Receivables Turnover

For the Credit Services subindustry, Ricoh Leasing 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.

Ricoh Leasing Co's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Ricoh Leasing Co's Receivables Turnover distribution charts can be found below:

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

Ricoh Leasing Co Receivables Turnover Calculation

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

Ricoh Leasing Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	308335	/ (	(480163	+	455995)	/	2 )
=	308335	/	468079
=	0.66

Ricoh Leasing Co'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 )
=	79657	/ (	(462264	+	453825)	/	2 )
=	79657	/	458044.5
=	0.17

Ricoh Leasing Co (TSE:8566) 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.

Ricoh Leasing Co Receivables Turnover Related Terms

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Ricoh Leasing Co (TSE:8566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ricoh Leasing Co Ltd (TSE:8566) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

1-7-12 Shinonome, Koto-ku, Tokyo, JPN, 135-8518

Website

http://www.r-lease.co.jp

Ricoh Leasing has two primary businesses: lease and installments, and financial services. The lease and installments business, which accounts for the vast majority of the company's revenue, provides business leasing, rental, installment, and credit products for business equipment, information-related equipment, medical equipment, and environment-related equipment. In the financial-services business, Ricoh provides loans to individuals, doctors, and corporations. It also serves as an agent to collect accounts receivable and provide billing services, and it has a credit card business and an asset-management service.

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