Oji Holdings (Oji Holdings) Receivables Turnover : 1.18 (As of Dec. 2023)

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What is Oji Holdings 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. Oji Holdings's Revenue for the three months ended in Dec. 2023 was $3,093 Mil. Oji Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was $2,622 Mil. Hence, Oji Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 1.18.

Oji Holdings Receivables Turnover Historical Data

The historical data trend for Oji Holdings'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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Oji Holdings Receivables Turnover Chart

Oji Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.59

4.82

4.51

4.56

4.64

Oji Holdings 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															1.20	1.05	1.11	1.14	1.18

Competitive Comparison of Oji Holdings's Receivables Turnover

For the Paper & Paper Products subindustry, Oji Holdings'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.

Oji Holdings's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Oji Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Oji Holdings's Receivables Turnover falls into.

Oji Holdings Receivables Turnover Calculation

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

Oji Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	12768.114	/ (	(2702.522	+	2800.838)	/	2 )
=	12768.114	/	2751.68
=	4.64

Oji Holdings'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 )
=	3092.786	/ (	(2541.54	+	2702.424)	/	2 )
=	3092.786	/	2621.982
=	1.18

Oji Holdings (OTCPK:OJIPY) 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.

Oji Holdings Receivables Turnover Related Terms

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Oji Holdings (Oji Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Oji Holdings Corp (OTCPK:OJIPY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

OJIPF:USA 3861:Japan OJI:Germany

Address

7-5, Ginza 4-chome, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.ojiholdings.co.jp

Oji Holdings Corp is a holding company whose subsidiaries produce and sell pulp and a variety of paper products The company organizes itself into four segments based on product type. The household and industrial materials segment, which generates more revenue than any other segment, sells packaging materials, paper towels, toilet paper, tissues, and diapers. The functional materials segment sells adhesive paper, specialty paper, and film. The forest resources and environmental marketing segment sells lumber, pulp, and biomass fuel. The printing and communications media segment sells newsprint, magazine paper, and printer paper.

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