Japan Display (Japan Display) Receivables Turnover : 2.07 (As of Mar. 2024)

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What is Japan Display 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. Japan Display's Revenue for the three months ended in Mar. 2024 was $392 Mil. Japan Display's average Accounts Receivable for the three months ended in Mar. 2024 was $190 Mil. Hence, Japan Display's Receivables Turnover for the three months ended in Mar. 2024 was 2.07.

Japan Display Receivables Turnover Historical Data

The historical data trend for Japan Display'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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Japan Display Receivables Turnover Chart

Japan Display Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.29

6.65

6.55

5.19

6.37

Japan Display 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															1.59	1.32	1.88	2.07	2.07

Competitive Comparison of Japan Display's Receivables Turnover

For the Electronic Components subindustry, Japan Display'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.

Japan Display's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Japan Display's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Japan Display's Receivables Turnover falls into.

Japan Display Receivables Turnover Calculation

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

Japan Display'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 )
=	1596.284	/ (	(305.99	+	195.336)	/	2 )
=	1596.284	/	250.663
=	6.37

Japan Display'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 )
=	392.334	/ (	(184.454	+	195.336)	/	2 )
=	392.334	/	189.895
=	2.07

Japan Display (OTCPK:JNNDF) 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.

Japan Display Receivables Turnover Related Terms

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Japan Display (Japan Display) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Japan Display Inc (OTCPK:JNNDF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

JPDYY:USA 6740:Japan 1J4:Germany

Address

Landic 2nd Building, 3-7-1, Nishi-shinbashi, Minato-ku, Tokyo, JPN, 105-0003

Website

https://www.j-display.com

Japan Display Inc is engaged in the development, production, and sale of small and medium-sized display devices and related products. Its products are divided into two categories: Mobile Device and Automotive and Non-Mobile. The Mobile Device category includes displays for smartphones, tablets and mobile phone devices. The Automotive and Non-Mobile category includes displays for automotive applications, consumer electronics, and industrial devices as well as income from patents and other sources. The company's business operations span across Europe, Korea, China, Philippines, America, and Hong Kong.