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Sekido Co (TSE:9878) Receivables Turnover : 1.82 (As of Dec. 2023)


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What is Sekido 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. Sekido Co's Revenue for the three months ended in Dec. 2023 was 円2,206 Mil. Sekido Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,215 Mil. Hence, Sekido Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.82.


Sekido Co Receivables Turnover Historical Data

The historical data trend for Sekido 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.

* Premium members only.

Sekido Co Receivables Turnover Chart

Sekido Co Annual Data
Trend Feb14 Feb15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.43 22.52 11.52 9.20 8.70

Sekido Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.12 2.28 2.02 1.96 1.82

Competitive Comparison of Sekido Co's Receivables Turnover

For the Apparel Retail subindustry, Sekido 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.


Sekido Co's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sekido Co's Receivables Turnover distribution charts can be found below:

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



Sekido Co Receivables Turnover Calculation

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

Sekido Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=7039.745 / ((772.492 + 845.453) / 2 )
=7039.745 / 808.9725
=8.70

Sekido 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 )
=2206.36 / ((1174.498 + 1254.712) / 2 )
=2206.36 / 1214.605
=1.82

* 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.


Sekido Co  (TSE:9878) 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.


Sekido Co Receivables Turnover Related Terms

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Sekido Co (TSE:9878) Business Description

Traded in Other Exchanges
N/A
Address
5th Floor, Keio-Shinjuku, 3-Chome building, 3-1-24 Shinjuku Ward, Tokyo, JPN, 160-0022
Sekido Co Ltd is a Japanese company that operates as a apparel store. The company is engaged in selling products like brand bags, wallets, watches, and jewellery.

Sekido Co (TSE:9878) Headlines

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