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Good Com Asset Co (TSE:3475) Receivables Turnover : 985.83 (As of Jan. 2024)


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What is Good Com Asset 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. Good Com Asset Co's Revenue for the three months ended in Jan. 2024 was 円3,102 Mil. Good Com Asset Co's average Accounts Receivable for the three months ended in Jan. 2024 was 円3 Mil. Hence, Good Com Asset Co's Receivables Turnover for the three months ended in Jan. 2024 was 985.83.


Good Com Asset Co Receivables Turnover Historical Data

The historical data trend for Good Com Asset 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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Good Com Asset Co Receivables Turnover Chart

Good Com Asset Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 11,066.27 6,679.86

Good Com Asset Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 817.80 2,183.45 1,051.81 2,391.02 985.83

Competitive Comparison of Good Com Asset Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Good Com Asset 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.


Good Com Asset Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Good Com Asset Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Good Com Asset Co's Receivables Turnover falls into.



Good Com Asset Co Receivables Turnover Calculation

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

Good Com Asset Co's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=22190.489 / ((3.619 + 3.025) / 2 )
=22190.489 / 3.322
=6,679.86

Good Com Asset Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=3102.412 / ((3.025 + 3.269) / 2 )
=3102.412 / 3.147
=985.83

* 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.


Good Com Asset Co  (TSE:3475) 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.


Good Com Asset Co Receivables Turnover Related Terms

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Good Com Asset Co (TSE:3475) Business Description

Traded in Other Exchanges
N/A
Address
7-20-1, Nishishinjuku, 17th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-0023
Good Com Asset Co Ltd is a Japan-based company mainly engaged in planning, development, sale and management of newly built apartments. It primarily engages in planning, developing, managing, and selling mansions primarily in Japan. It is also providing rent management and real estate consultancy services, as well as property and casualty insurance products.

Good Com Asset Co (TSE:3475) Headlines

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