Sekisui Chemical Co (Sekisui Chemical Co) Receivables Turnover : 1.59 (As of Mar. 2024)

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What is Sekisui Chemical 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. Sekisui Chemical Co's Revenue for the three months ended in Mar. 2024 was $2,220 Mil. Sekisui Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was $1,398 Mil. Hence, Sekisui Chemical Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.59.

Sekisui Chemical Co Receivables Turnover Historical Data

The historical data trend for Sekisui Chemical 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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Sekisui Chemical Co Receivables Turnover Chart

Sekisui Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

8.29

6.89

6.23

6.19

5.89

Sekisui Chemical Co 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															1.75	1.49	1.67	1.59	1.59

Competitive Comparison of Sekisui Chemical Co's Receivables Turnover

For the Conglomerates subindustry, Sekisui Chemical 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.

Sekisui Chemical Co's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sekisui Chemical Co's Receivables Turnover distribution charts can be found below:

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

Sekisui Chemical Co Receivables Turnover Calculation

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

Sekisui Chemical Co'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 )
=	8387.063	/ (	(1434.788	+	1414.864)	/	2 )
=	8387.063	/	1424.826
=	5.89

Sekisui Chemical Co'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 )
=	2220.065	/ (	(1381.851	+	1414.864)	/	2 )
=	2220.065	/	1398.3575
=	1.59

Sekisui Chemical Co (OTCPK:SKSUY) 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.

Sekisui Chemical Co Receivables Turnover Related Terms

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Sekisui Chemical Co (Sekisui Chemical Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sekisui Chemical Co Ltd (OTCPK:SKSUY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

SKSUF:USA 4204:Japan SUI:Germany

Address

4-4, Nishitenma 2-Chome, Kita-ku, Osaka, JPN, 530-8565

Website

http://www.sekisui.co.jp

Sekisui Chemical Co., Ltd. is a Japanese diversified holding company that owns a high-performance-plastics company, a residential construction company, and an urban infrastructure company. The plastics part of the business focuses on the production of materials for electronics, transportation, and buildings. The residential construction segment builds single-family and multiunit housing in Japan. The company's unit construction method allows prebuilt modular components to be assembled at various plants, which reduces construction time on-site. Sekisui's urban infrastructure products and industrial piping are used in mass transit and buildings. High-performance plastics and residential construction account for the majority of the company's revenue.

Sekisui Chemical Co (Sekisui Chemical Co) Headlines

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