Daiwa Industries (Daiwa Industries) Receivables Turnover : 2.41 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Daiwa Industries 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. Daiwa Industries's Revenue for the three months ended in Dec. 2023 was $73.2 Mil. Daiwa Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $30.4 Mil. Hence, Daiwa Industries's Receivables Turnover for the three months ended in Dec. 2023 was 2.41.

Daiwa Industries Receivables Turnover Historical Data

The historical data trend for Daiwa Industries'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.

Daiwa Industries Receivables Turnover Chart

Daiwa Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

Get a 7-Day Free Trial

11.17

9.38

8.05

8.25

10.69

Daiwa Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.42	2.32	2.24	2.41	2.41

Competitive Comparison of Daiwa Industries's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Daiwa Industries'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.

Daiwa Industries's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Daiwa Industries's Receivables Turnover distribution charts can be found below:

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

Daiwa Industries Receivables Turnover Calculation

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

Daiwa Industries's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	319.272	/ (	(32.63	+	27.124)	/	2 )
=	319.272	/	29.877
=	10.69

Daiwa Industries'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 )
=	73.197	/ (	(33.59	+	27.124)	/	2 )
=	73.197	/	30.357
=	2.41

Daiwa Industries (OTCPK:DAWIF) 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.

Daiwa Industries Receivables Turnover Related Terms

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

Daiwa Industries (Daiwa Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daiwa Industries Ltd (OTCPK:DAWIF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6459:Japan

Address

3-13 Obase-cho, Daiwa Reiki Uehonmachi DRK Building, Tennoji-ward, Osaka, JPN, 543-0028

Website

http://www.daiwa-inds.com

Daiwa Industries Ltd is a Japanese company that primarily manufactures, sells, and leases freezers, refrigerators, showcases, ice machines, vending machines, cold-applied products, kitchen equipment, equipment, and parts. The company is also involved in planning, designing, and construction of stores and kitchens. Other business activities of the company include construction work and power generation.

Daiwa Industries (Daiwa Industries) Headlines

From GuruFocus

Francisco Garcia Parames' Cobas Asset Management Comments on Fourth Quarter 2017

By Holly LaFon Holly LaFon • 02-09-2018

Daiwa Industries Ltd: A (Very) Profitable Japanese Net-Net

By Jerry Zhao Jerry Zhao • 05-15-2012