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Japan Excellent (TSE:8987) Receivables Turnover : 32.25 (As of Dec. 2023)


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What is Japan Excellent 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. Japan Excellent's Revenue for the six months ended in Dec. 2023 was 円10,857 Mil. Japan Excellent's average Accounts Receivable for the six months ended in Dec. 2023 was 円337 Mil. Hence, Japan Excellent's Receivables Turnover for the six months ended in Dec. 2023 was 32.25.


Japan Excellent Receivables Turnover Historical Data

The historical data trend for Japan Excellent'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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Japan Excellent Receivables Turnover Chart

Japan Excellent Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.85 67.33 66.77 59.32 58.28

Japan Excellent Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 35.28 35.63 29.14 36.37 32.25

Competitive Comparison of Japan Excellent's Receivables Turnover

For the REIT - Office subindustry, Japan Excellent'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.


Japan Excellent's Receivables Turnover Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Japan Excellent's Receivables Turnover distribution charts can be found below:

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



Japan Excellent Receivables Turnover Calculation

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

Japan Excellent'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 )
=24680 / ((423.472 + 0) / 1 )
=24680 / 423.472
=58.28

Japan Excellent'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: Jun. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=10857 / ((336.67 + 0) / 1 )
=10857 / 336.67
=32.25

* 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.


Japan Excellent  (TSE:8987) 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.


Japan Excellent Receivables Turnover Related Terms

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Japan Excellent (TSE:8987) Business Description

Traded in Other Exchanges
N/A
Address
1-9-20 Akasaka, Minato-ku, Tokyo, JPN, 107-0052
Japan Excellent Inc is a real estate investment trust. It mainly invests in office buildings located in major metropolitan areas and pursues to create a portfolio that produces stable growth of income by acquiring properties. The company's portfolio of assets is managed by Japan Excellent Asset Management Co., Ltd.

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