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LONGLIFE HOLDING Co (TSE:4355) Receivables Turnover : 4.73 (As of Jul. 2023)


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What is LONGLIFE HOLDING 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. LONGLIFE HOLDING Co's Revenue for the three months ended in Jul. 2023 was 円3,169 Mil. LONGLIFE HOLDING Co's average Accounts Receivable for the three months ended in Jul. 2023 was 円670 Mil. Hence, LONGLIFE HOLDING Co's Receivables Turnover for the three months ended in Jul. 2023 was 4.73.


LONGLIFE HOLDING Co Receivables Turnover Historical Data

The historical data trend for LONGLIFE HOLDING 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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LONGLIFE HOLDING Co Receivables Turnover Chart

LONGLIFE HOLDING Co Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.70 7.91 8.48 8.47 11.84

LONGLIFE HOLDING Co Quarterly Data
Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
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 4.85 4.80 4.93 4.86 4.73

Competitive Comparison of LONGLIFE HOLDING Co's Receivables Turnover

For the Medical Care Facilities subindustry, LONGLIFE HOLDING 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.


LONGLIFE HOLDING Co's Receivables Turnover Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, LONGLIFE HOLDING Co's Receivables Turnover distribution charts can be found below:

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



LONGLIFE HOLDING Co Receivables Turnover Calculation

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

LONGLIFE HOLDING Co's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

Receivables Turnover (A: Oct. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2022 ) / ((Accounts Receivable (A: Oct. 2021 ) + Accounts Receivable (A: Oct. 2022 )) / count )
=12599.046 / ((1462.717 + 664.844) / 2 )
=12599.046 / 1063.7805
=11.84

LONGLIFE HOLDING Co's Receivables Turnover for the quarter that ended in Jul. 2023 is calculated as

Receivables Turnover (Q: Jul. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Jul. 2023 ) / ((Accounts Receivable (Q: Apr. 2023 ) + Accounts Receivable (Q: Jul. 2023 )) / count )
=3169.395 / ((665.91 + 673.935) / 2 )
=3169.395 / 669.9225
=4.73

* 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.


LONGLIFE HOLDING Co  (TSE:4355) 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.


LONGLIFE HOLDING Co Receivables Turnover Related Terms

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LONGLIFE HOLDING Co (TSE:4355) Business Description

Traded in Other Exchanges
N/A
Address
Umeda Center Building, 2-4-12 Nakazakinishi, 25th Floor, Kita-ku, Osaka, JPN, 530-0015
LONGLIFE HOLDING Co., Ltd. is engaged in providing residential care services in Japan. It runs residential care homes and group homes in the urban areas and provides care services to the elderly people and those who need care. It is also involved in the resort businesses.

LONGLIFE HOLDING Co (TSE:4355) Headlines

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