Bit-isle (TSE:3811) Receivables Turnover : 4.17 (As of Jul. 2015)

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What is Bit-isle 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. Bit-isle's Revenue for the three months ended in Jul. 2015 was 円4,333 Mil. Bit-isle's average Accounts Receivable for the three months ended in Jul. 2015 was 円1,038 Mil. Hence, Bit-isle's Receivables Turnover for the three months ended in Jul. 2015 was 4.17.

Bit-isle Receivables Turnover Historical Data

The historical data trend for Bit-isle'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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Bit-isle Receivables Turnover Chart

Bit-isle Annual Data

Trend

Jul08

Jul09

Jul10

Jul11

Jul12

Jul13

Jul14

Jul15

Receivables Turnover

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24.95

20.89

20.17

19.02

17.82

Bit-isle Quarterly Data
	Oct10	Jan11	Apr11	Jul11	Oct11	Jan12	Apr12	Jul12	Oct12	Jan13	Apr13	Jul13	Oct13	Jan14	Apr14	Jul14	Oct14	Jan15	Apr15	Jul15
Receivables Turnover	Get a 7-Day Free Trial															4.57	4.46	4.99	4.43	4.17

Competitive Comparison of Bit-isle's Receivables Turnover

For the Communication Equipment subindustry, Bit-isle'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.

Bit-isle's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Bit-isle's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bit-isle's Receivables Turnover falls into.

Bit-isle Receivables Turnover Calculation

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

Bit-isle's Receivables Turnover for the fiscal year that ended in Jul. 2015 is calculated as

	Receivables Turnover (A: Jul. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2015 )	/ (	(Accounts Receivable (A: Jul. 2014 )	+	Accounts Receivable (A: Jul. 2015 ))	/	count )
=	18236	/ (	(1009	+	1038)	/	2 )
=	18236	/	1023.5
=	17.82

Bit-isle's Receivables Turnover for the quarter that ended in Jul. 2015 is calculated as

	Receivables Turnover (Q: Jul. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jul. 2015 )	/ (	(Accounts Receivable (Q: Apr. 2015 )	+	Accounts Receivable (Q: Jul. 2015 ))	/	count )
=	4333	/ (	(0	+	1038)	/	1 )
=	4333	/	1038
=	4.17

Bit-isle (TSE:3811) 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.

Bit-isle Receivables Turnover Related Terms

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Bit-isle (TSE:3811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Bit-isle Inc (TSE:3811) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Website

http://www.bit-isle.co.jp

Bit-isle Inc is engaged in the data center business, eveloping a comprehensive business IT outsourcing services to the axis 3 iDC services, managed services and solutions services.

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