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Sundrug Co (TSE:9989) Receivables Turnover : 7.75 (As of Dec. 2023)


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What is Sundrug 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. Sundrug Co's Revenue for the three months ended in Dec. 2023 was 円194,265 Mil. Sundrug Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円25,080 Mil. Hence, Sundrug Co's Receivables Turnover for the three months ended in Dec. 2023 was 7.75.


Sundrug Co Receivables Turnover Historical Data

The historical data trend for Sundrug 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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Sundrug Co Receivables Turnover Chart

Sundrug Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.46 38.18 34.58 33.41 30.71

Sundrug 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 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 7.25 8.17 8.40 7.75 6.87

Competitive Comparison of Sundrug Co's Receivables Turnover

For the Pharmaceutical Retailers subindustry, Sundrug 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.


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

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

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



Sundrug Co Receivables Turnover Calculation

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

Sundrug 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 )
=751777 / ((22224 + 26740) / 2 )
=751777 / 24482
=30.71

Sundrug 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 )
=194265 / ((22799 + 27361) / 2 )
=194265 / 25080
=7.75

* 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.


Sundrug Co  (TSE:9989) 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.


Sundrug Co Receivables Turnover Related Terms

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Sundrug Co (TSE:9989) Business Description

Traded in Other Exchanges
Address
1-38-1 Wakamatsu-cho, Fuchu-shi, Tokyo, JPN, 183-0005
Sundrug Co Ltd is a Japanese based company engaged in the operations and management of drugstores. Its activities are divided into business divisions including Drugstore business, Dispensing pharmacy business, and Discount store business. The company also offers necessities such as foods, cosmetics, household appliances, clothing items, car goods, sports and leisure goods, alcoholic beverages, kerosene through its discount store Direx.

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