NGK Insulators (NGK Insulators) Receivables Turnover : 1.16 (As of Dec. 2023)

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What is NGK Insulators 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. NGK Insulators's Revenue for the three months ended in Dec. 2023 was $970 Mil. NGK Insulators's average Accounts Receivable for the three months ended in Dec. 2023 was $838 Mil. Hence, NGK Insulators's Receivables Turnover for the three months ended in Dec. 2023 was 1.16.

NGK Insulators Receivables Turnover Historical Data

The historical data trend for NGK Insulators'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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NGK Insulators Receivables Turnover Chart

NGK Insulators Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.32

4.17

4.13

4.49

4.78

NGK Insulators 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															1.31	1.16	1.09	1.16	1.30

Competitive Comparison of NGK Insulators's Receivables Turnover

For the Specialty Industrial Machinery subindustry, NGK Insulators'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.

NGK Insulators's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where NGK Insulators's Receivables Turnover falls into.

NGK Insulators Receivables Turnover Calculation

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

NGK Insulators'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 )
=	3864.093	/ (	(830.985	+	786.031)	/	2 )
=	3864.093	/	808.508
=	4.78

NGK Insulators'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 )
=	969.868	/ (	(860.611	+	815.924)	/	2 )
=	969.868	/	838.2675
=	1.16

NGK Insulators (OTCPK:NGKIF) 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.

NGK Insulators Receivables Turnover Related Terms

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NGK Insulators (NGK Insulators) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NGK Insulators Ltd (OTCPK:NGKIF) » Definitions » Receivables Turnover

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5333:Japan NGI:Germany

Address

2-56 Suda-cho, Mizuho, Nagoya, JPN, 467-8530

Website

http://www.ngk.co.jp

NGK Insulators Ltd manufactures and sells electric power-related equipment, including insulators, industrial ceramic and copper products, and components connected to plant engineering. The company operates three business segments: electronics, power, and ceramic products (majority of total revenue). NGK's solutions help ensure a stable supply of electricity and attempt to reduce customers' energy emissions. The product portfolio consisting of insulators, batteries, ceramic apparatuses, and technologies can help purify, analyze, transform, and provide safer conditions. Approximately half of total revenue derive from Asia, with the remainder split between North America, Europe, and other regions.

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