ispace (TSE:9348) Receivables Turnover : 21.38 (As of Dec. 2023)

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What is ispace 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. ispace's Revenue for the three months ended in Dec. 2023 was 円496 Mil. ispace's average Accounts Receivable for the three months ended in Dec. 2023 was 円23 Mil. Hence, ispace's Receivables Turnover for the three months ended in Dec. 2023 was 21.38.

ispace Receivables Turnover Historical Data

The historical data trend for ispace'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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ispace Receivables Turnover Chart

ispace Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

12.26

21.25

38.60

95.78

ispace Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			2.07	48.58	48.64	21.38	21.34

Competitive Comparison of ispace's Receivables Turnover

For the Computer Hardware subindustry, ispace'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.

ispace's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ispace's Receivables Turnover distribution charts can be found below:

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

ispace Receivables Turnover Calculation

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

ispace'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 )
=	2357.055	/ (	(29.139	+	20.081)	/	2 )
=	2357.055	/	24.61
=	95.78

ispace'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 )
=	496.02	/ (	(16.725	+	29.686)	/	2 )
=	496.02	/	23.2055
=	21.38

ispace (TSE:9348) 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.

ispace Receivables Turnover Related Terms

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ispace (TSE:9348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ispace inc (TSE:9348) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-42-3 Nihonbashi-Hamacho, Chuo-ku, Tokyo, JPN, 103-0007

Website

https://www.ispace-inc.com

ispace inc is a private lunar robotic exploration company that is developing micro-robotic technology to provide a low-cost and frequent transportation service. It has developed a small lander (lunar lander) and a lunar exploration rover (lunar rover) for the purpose of providing frequent and low-cost transportation services to the moon.

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