SBI Holdings (TSE:8473) Receivables Turnover : 0.03 (As of Mar. 2024)

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What is SBI Holdings 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. SBI Holdings's Revenue for the three months ended in Mar. 2024 was 円345,785 Mil. SBI Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was 円11,467,511 Mil. Hence, SBI Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 0.03.

SBI Holdings Receivables Turnover Historical Data

The historical data trend for SBI Holdings'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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SBI Holdings Receivables Turnover Chart

SBI Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.49

0.54

0.16

0.11

SBI Holdings 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															0.03	0.03	0.02	0.03	0.03

Competitive Comparison of SBI Holdings's Receivables Turnover

For the Financial Conglomerates subindustry, SBI Holdings'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.

SBI Holdings's Receivables Turnover Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Receivables Turnover distribution charts can be found below:

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

SBI Holdings Receivables Turnover Calculation

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

SBI Holdings'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 )
=	1210504	/ (	(10447026	+	11676228)	/	2 )
=	1210504	/	11061627
=	0.11

SBI Holdings'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 )
=	345785	/ (	(11258794	+	11676228)	/	2 )
=	345785	/	11467511
=	0.03

SBI Holdings (TSE:8473) 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.

SBI Holdings Receivables Turnover Related Terms

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SBI Holdings (TSE:8473) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » SBI Holdings Inc (TSE:8473) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

SBHGF:USA ZOF:Germany ZOF:Germany

Address

1-6-1, Roppongi, Minato-ku, Tokyo, JPN, 106-6019

Website

http://www.sbigroup.co.jp

SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. Operations are divided into financial services, asset management, and biotechnology-related business. Many of the traditional financial offerings fall under the financial services arm and include housing loans and foreign exchange margin trading in addition to the primary banking and insurance businesses. Under the asset management business, the group invests in Japanese and international venture companies that operate in IT, biotechnology, environment/energy, and finance. Aside from financial services, cosmetics, health foods, and drugs are developed by subsidiaries in the biotech-related business.

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