IRRC (TSE:7325) Receivables Turnover : 2.17 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is IRRC 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. IRRC's Revenue for the three months ended in Mar. 2024 was 円2,089 Mil. IRRC's average Accounts Receivable for the three months ended in Mar. 2024 was 円964 Mil. Hence, IRRC's Receivables Turnover for the three months ended in Mar. 2024 was 2.17.

IRRC Receivables Turnover Historical Data

The historical data trend for IRRC'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.

* Premium members only.

IRRC Receivables Turnover Chart

IRRC Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

Get a 7-Day Free Trial

11.91

11.15

9.46

8.68

7.87

IRRC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.79	1.95	1.97	2.50	2.17

Competitive Comparison of IRRC's Receivables Turnover

For the Insurance - Life subindustry, IRRC'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.

IRRC's Receivables Turnover Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, IRRC's Receivables Turnover distribution charts can be found below:

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

IRRC Receivables Turnover Calculation

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

IRRC's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	6004.557	/ (	(633.152	+	892.5)	/	2 )
=	6004.557	/	762.826
=	7.87

IRRC's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2088.942	/ (	(974.021	+	953.131)	/	2 )
=	2088.942	/	963.576
=	2.17

IRRC (TSE:7325) 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.

IRRC Receivables Turnover Related Terms

Thank you for viewing the detailed overview of IRRC's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

IRRC (TSE:7325) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » IRRC Corp (TSE:7325) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 20 Hongo Center Building 4th floor, Bunkyo-ku, No. 20 - 27, Hongo, Tokyo, JPN, 113-0033

Website

https://www.irrc.co.jp

IRRC Corp operates life insurance agency. The company products include insurance sales business, solution business, and system business.

IRRC (TSE:7325) Headlines

No Headlines