Toei Co (TSE:9605) Receivables Turnover : 1.14 (As of Dec. 2023)

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What is Toei 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. Toei Co's Revenue for the three months ended in Dec. 2023 was 円41,768 Mil. Toei Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円36,761 Mil. Hence, Toei Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.14.

Toei Co Receivables Turnover Historical Data

The historical data trend for Toei 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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Toei Co Receivables Turnover Chart

Toei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.54

5.49

5.35

5.65

4.46

Toei 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															1.29	1.16	1.17	1.14	1.15

Competitive Comparison of Toei Co's Receivables Turnover

For the Entertainment subindustry, Toei 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.

Toei Co's Receivables Turnover Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Toei Co's Receivables Turnover distribution charts can be found below:

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

Toei Co Receivables Turnover Calculation

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

Toei 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 )
=	171345	/ (	(37950	+	38939)	/	2 )
=	171345	/	38444.5
=	4.46

Toei 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 )
=	41768	/ (	(37930	+	35591)	/	2 )
=	41768	/	36760.5
=	1.14

Toei Co (TSE:9605) 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.

Toei Co Receivables Turnover Related Terms

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Toei Co (TSE:9605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Toei Co Ltd (TSE:9605) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

3-2-17 Ginza, Chuo-ku, Tokyo, JPN, 104-8108

Website

http://www.toei.co.jp

Toei Co Ltd engaged in the production of theatrical movies, TV dramas, direct-to-video productions, and anime, as well as a diverse range of businesses based on film production. The company releases both domestic and foreign movies, including its own films directly managed theaters and cinema complexes operated by the subsidiary T-Joy Co., Ltd. It also offers a digital cinema system providing packaged video software, such as DVD and Blu-ray discs. Its video distribution services engage in the sales of content to distribution media and the distribution of movies on iTunes in Japan. It operates more than ten official mobile websites via three major carriers namely NTT DOCOMO, au, and SoftBank.

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