GDEP Advance (TSE:5885) Receivables Turnover : 2.85 (As of Feb. 2024)

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What is GDEP Advance 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. GDEP Advance's Revenue for the three months ended in Feb. 2024 was 円1,373 Mil. GDEP Advance's average Accounts Receivable for the three months ended in Feb. 2024 was 円481 Mil. Hence, GDEP Advance's Receivables Turnover for the three months ended in Feb. 2024 was 2.85.

GDEP Advance Receivables Turnover Historical Data

The historical data trend for GDEP Advance'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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GDEP Advance Receivables Turnover Chart

GDEP Advance Annual Data

Trend

May21

May22

May23

Receivables Turnover

7.93

12.81

39.24

GDEP Advance Quarterly Data
	May21	May22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial			-	10.16	6.38	4.85	2.85

Competitive Comparison of GDEP Advance's Receivables Turnover

For the Computer Hardware subindustry, GDEP Advance'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.

GDEP Advance's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, GDEP Advance's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GDEP Advance's Receivables Turnover falls into.

GDEP Advance Receivables Turnover Calculation

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

GDEP Advance's Receivables Turnover for the fiscal year that ended in May. 2023 is calculated as

	Receivables Turnover (A: May. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: May. 2023 )	/ (	(Accounts Receivable (A: May. 2022 )	+	Accounts Receivable (A: May. 2023 ))	/	count )
=	3778.824	/ (	(110.81	+	81.803)	/	2 )
=	3778.824	/	96.3065
=	39.24

GDEP Advance's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	1372.827	/ (	(337.481	+	625.012)	/	2 )
=	1372.827	/	481.2465
=	2.85

GDEP Advance (TSE:5885) 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.

GDEP Advance Receivables Turnover Related Terms

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GDEP Advance (TSE:5885) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GDEP Advance Inc (TSE:5885) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-4-33 Kokubuncho, 8th floor, Sendai Jozenji Building, Aoba-ku, Sendai, JPN, 980-0803

Website

https://info.gdep.co.jp

GDEP Advance Inc is engaged in the Sales Business of hardware and other products that enable advanced processing such as AI learning. The company's products include Graphic boards, Computing boards, FPGA boards, Deep learning boxes, fsv-rm1u4b, and others.

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