Nintendo Co (TSE:7974) Receivables Turnover : 3.54 (As of Dec. 2023)

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What is Nintendo 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. Nintendo Co's Revenue for the three months ended in Dec. 2023 was 円598,559 Mil. Nintendo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円169,084 Mil. Hence, Nintendo Co's Receivables Turnover for the three months ended in Dec. 2023 was 3.54.

Nintendo Co Receivables Turnover Historical Data

The historical data trend for Nintendo 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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Nintendo Co Receivables Turnover Chart

Nintendo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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16.22

12.39

12.86

12.04

12.27

Nintendo 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															3.18	1.70	3.47	2.44	3.54

Competitive Comparison of Nintendo Co's Receivables Turnover

For the Electronic Gaming & Multimedia subindustry, Nintendo 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.

Nintendo Co's Receivables Turnover Distribution in the Interactive Media Industry

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

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

Nintendo Co Receivables Turnover Calculation

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

Nintendo 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 )
=	1601677	/ (	(141087	+	119932)	/	2 )
=	1601677	/	130509.5
=	12.27

Nintendo 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 )
=	598559	/ (	(129046	+	209121)	/	2 )
=	598559	/	169083.5
=	3.54

Nintendo Co (TSE:7974) 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.

Nintendo Co Receivables Turnover Related Terms

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Nintendo Co (TSE:7974) Business Description

Industry

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Address

11-1 Hokotate-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8501

Website

http://www.nintendo.co.jp

Nintendo started its video game console business in 1983 by launching the NES, and started its portable console business in 1989 by launching the Game Boy. Since then, the firm has focused on expanding the gaming population by delivering unique entertainment experiences on its original console systems; the Wii and Nintendo DS are its most popular hardware. However, Nintendo not only makes game consoles, but also owns world-renowned IPs such as Super Mario, Pokemon, and Zelda, which have been a source of cash flow for 40 years. 2020 was the 35th anniversary of Super Mario, Nintendo's most famous character.

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