Sanshin Electronics Co (Sanshin Electronics Co) Receivables Turnover : 0.89 (As of Dec. 2023)

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What is Sanshin Electronics 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. Sanshin Electronics Co's Revenue for the three months ended in Dec. 2023 was $236 Mil. Sanshin Electronics Co's average Accounts Receivable for the three months ended in Dec. 2023 was $266 Mil. Hence, Sanshin Electronics Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.89.

Sanshin Electronics Co Receivables Turnover Historical Data

The historical data trend for Sanshin Electronics 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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Sanshin Electronics Co Receivables Turnover Chart

Sanshin Electronics Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.46

3.81

3.96

3.50

4.29

Sanshin Electronics Co 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															0.98	0.90	0.89	1.01	0.89

Competitive Comparison of Sanshin Electronics Co's Receivables Turnover

For the Semiconductors subindustry, Sanshin Electronics 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.

Sanshin Electronics Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sanshin Electronics Co's Receivables Turnover distribution charts can be found below:

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

Sanshin Electronics Co Receivables Turnover Calculation

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

Sanshin Electronics Co'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 )
=	1205.311	/ (	(294.39	+	267.678)	/	2 )
=	1205.311	/	281.034
=	4.29

Sanshin Electronics Co'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 )
=	236.419	/ (	(296.919	+	235.884)	/	2 )
=	236.419	/	266.4015
=	0.89

Sanshin Electronics Co (OTCPK:SSNEF) 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.

Sanshin Electronics Co Receivables Turnover Related Terms

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Sanshin Electronics Co (Sanshin Electronics Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sanshin Electronics Co Ltd (OTCPK:SSNEF) » Definitions » Receivables Turnover

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8150:Japan

Address

4-4-12 Shiba, Minato-ku, Tokyo, JPN, 108-8404

Website

http://www.sanshin.co.jp

Sanshin Electronics Co Ltd is a Japanese based electronics trading company. It operates in two business divisions including device business and solution business. Its device business is engaged in the sales of semiconductors and electronic components for automobile, information and communications, toys and games, and social infrastructure and manufacturing industries. In solution business, it offers IT (information technology) infrastructure solution, application services, video solutions, support, and services. The company has a nationwide network in Japan, Thailand, Malaysia, Singapore, Taiwan, Hong Kong, Irvine, and Shenzhen.

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