Toho Holdings Co (TSE:8129) Receivables Turnover : 1.08 (As of Dec. 2023)

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What is Toho Holdings 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. Toho Holdings Co's Revenue for the three months ended in Dec. 2023 was 円384,703 Mil. Toho Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円356,974 Mil. Hence, Toho Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.08.

Toho Holdings Co Receivables Turnover Historical Data

The historical data trend for Toho Holdings 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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Toho Holdings Co Receivables Turnover Chart

Toho Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.21

4.05

4.13

4.31

4.34

Toho Holdings Co 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															0.95	1.07	1.12	1.08	1.01

Competitive Comparison of Toho Holdings Co's Receivables Turnover

For the Medical Distribution subindustry, Toho Holdings 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.

Toho Holdings Co's Receivables Turnover Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Toho Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Toho Holdings Co's Receivables Turnover falls into.

Toho Holdings Co Receivables Turnover Calculation

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

Toho Holdings Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	1476712	/ (	(329629	+	350896)	/	2 )
=	1476712	/	340262.5
=	4.34

Toho Holdings Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	384703	/ (	(355045	+	358902)	/	2 )
=	384703	/	356973.5
=	1.08

Toho Holdings Co (TSE:8129) 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.

Toho Holdings Co Receivables Turnover Related Terms

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Toho Holdings Co (TSE:8129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Toho Holdings Co Ltd (TSE:8129) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

5-2-1, Daizawa, Setagaya-ku, Tokyo, JPN, 155-8655

Website

http://www.tohohd.co.jp

Toho Holdings Co., Ltd. is a specialty and generic drug manufacturing company. The company's business includes pharmaceutical wholesaling and pharmacy dispensing. Toho also maintains a site-management organization business that assists a variety of medical establishments, ranging from large medical institutions to private clinics with a wide range of clinical trials under contract. The company supports medical institutions suitable for respective trials to improve the quality and speed of clinical trials. Toho generates additional revenue through software sales to medical institutions.

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