NTT Data Group (TSE:9613) Receivables Turnover : 0.91 (As of Dec. 2023)

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What is NTT Data Group 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. NTT Data Group's Revenue for the three months ended in Dec. 2023 was 円1,097,649 Mil. NTT Data Group's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,201,783 Mil. Hence, NTT Data Group's Receivables Turnover for the three months ended in Dec. 2023 was 0.91.

NTT Data Group Receivables Turnover Historical Data

The historical data trend for NTT Data Group'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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NTT Data Group Receivables Turnover Chart

NTT Data Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.18

4.04

3.95

4.00

3.65

NTT Data Group 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															1.21	0.92	0.85	0.91	0.91

Competitive Comparison of NTT Data Group's Receivables Turnover

For the Information Technology Services subindustry, NTT Data Group'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.

NTT Data Group's Receivables Turnover Distribution in the Software Industry

For the Software industry and Technology sector, NTT Data Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NTT Data Group's Receivables Turnover falls into.

NTT Data Group Receivables Turnover Calculation

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

NTT Data Group'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 )
=	3490182	/ (	(672665	+	1242269)	/	2 )
=	3490182	/	957467
=	3.65

NTT Data Group'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 )
=	1097649	/ (	(1207660	+	1195906)	/	2 )
=	1097649	/	1201783
=	0.91

NTT Data Group (TSE:9613) 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.

NTT Data Group Receivables Turnover Related Terms

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NTT Data Group (TSE:9613) Business Description

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NTDTY:USA NT5:Germany

Address

Toyosu Center Building, 3-3, Toyosu 3-chome, Koto-ku, Yubinbango, Tokyo, JPN, 135-6033

Website

https://www.nttdata.com

NTT Data Group Corp Formerly NTT Data Corp provides IT services to a wide range of business fields. The company's operations are divided into three segments: global, public and social infrastructure; enterprise and solutions; and financial. Each segment contributes approximately an even proportion of the company's revenue. The services the company provides include system integration by constructing systems tailored to individual customer needs, multiple Internet and computer network-based information and processing services, consulting that evaluates customers' management issues, system support for large-scale systems, and new IT-based business models. The company is based in Japan but has a global presence.

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