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Aso International (TSE:9340) Receivables Turnover : 2.15 (As of Mar. 2024)


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What is Aso International 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. Aso International's Revenue for the three months ended in Mar. 2024 was 円874 Mil. Aso International's average Accounts Receivable for the three months ended in Mar. 2024 was 円407 Mil. Hence, Aso International's Receivables Turnover for the three months ended in Mar. 2024 was 2.15.


Aso International Receivables Turnover Historical Data

The historical data trend for Aso International'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.

Aso International Receivables Turnover Chart

Aso International Annual Data
Trend Jun21 Jun22 Jun23
Receivables Turnover
8.75 8.95 8.43

Aso International Quarterly Data
Jun21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only 2.18 2.16 1.99 2.01 2.15

Competitive Comparison of Aso International's Receivables Turnover

For the Medical Instruments & Supplies subindustry, Aso International'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.


Aso International's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Aso International's Receivables Turnover distribution charts can be found below:

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



Aso International Receivables Turnover Calculation

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

Aso International's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=3190.044 / ((346.28 + 410.39) / 2 )
=3190.044 / 378.335
=8.43

Aso International's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=874.335 / ((393.463 + 419.705) / 2 )
=874.335 / 406.584
=2.15

* 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.


Aso International  (TSE:9340) 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.


Aso International Receivables Turnover Related Terms

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Aso International (TSE:9340) Business Description

Traded in Other Exchanges
N/A
Address
2-11-8 Ginza, Chuo-ku, No. 22 Chuo Building, 3rd FLoor, Tokyo, JPN, 104-0061
Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances.

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