Daiseki Co (Daiseki Co) Receivables Turnover : 1.41 (As of Nov. 2023)

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What is Daiseki 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. Daiseki Co's Revenue for the three months ended in Nov. 2023 was $119.2 Mil. Daiseki Co's average Accounts Receivable for the three months ended in Nov. 2023 was $84.5 Mil. Hence, Daiseki Co's Receivables Turnover for the three months ended in Nov. 2023 was 1.41.

Daiseki Co Receivables Turnover Historical Data

The historical data trend for Daiseki 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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Daiseki Co Receivables Turnover Chart

Daiseki Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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6.33

6.17

6.59

6.15

6.46

Daiseki Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.51	1.64	1.42	1.41	1.31

Competitive Comparison of Daiseki Co's Receivables Turnover

For the Waste Management subindustry, Daiseki 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.

Daiseki Co's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Daiseki Co's Receivables Turnover distribution charts can be found below:

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

Daiseki Co Receivables Turnover Calculation

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

Daiseki Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	462.627	/ (	(69.555	+	73.723)	/	2 )
=	462.627	/	71.639
=	6.46

Daiseki Co's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	119.249	/ (	(83.851	+	85.149)	/	2 )
=	119.249	/	84.5
=	1.41

Daiseki Co (OTCPK:DSKIF) 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.

Daiseki Co Receivables Turnover Related Terms

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Daiseki Co (Daiseki Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Daiseki Co Ltd (OTCPK:DSKIF) » Definitions » Receivables Turnover

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9793:Japan

Address

1-86 Funami-cho Minato-ku, Aichi, Nagoya, JPN, 4558505

Website

http://www.daiseki.co.jp

Daiseki Co Ltd provides industrial waste treatment and resource recycling throughout Japan. Its core business activities are treating waste oil, waste water, and sludge. It collects and recycles oils and waste water from clients and processes the waste into heavy oil or supplemental fuel. Separators and filters remove deteriorated components, and other systems either refine or adjust products into reusable form. Final products are either delivered back to clients or shipped to market. Advanced technology partners with experienced employees to analyze and classify the particular waste to determine the correct solution; methods revolve around dehydration, kneading, and a combination of mixing and chemical treatment.

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