Tosoh (TOSCF) Receivables Turnover : 0.91 (As of Dec. 2023)

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What is Tosoh 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. Tosoh's Revenue for the three months ended in Dec. 2023 was $1,821 Mil. Tosoh's average Accounts Receivable for the three months ended in Dec. 2023 was $2,000 Mil. Hence, Tosoh's Receivables Turnover for the three months ended in Dec. 2023 was 0.91.

Tosoh Receivables Turnover Historical Data

The historical data trend for Tosoh'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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Tosoh Receivables Turnover Chart

Tosoh Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.76

3.45

3.83

4.07

3.65

Tosoh 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															0.96	0.87	0.85	0.91	0.90

Competitive Comparison of Tosoh's Receivables Turnover

For the Chemicals subindustry, Tosoh'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.

Tosoh's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tosoh's Receivables Turnover distribution charts can be found below:

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

Tosoh Receivables Turnover Calculation

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

Tosoh'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 )
=	6712.384	/ (	(1941.274	+	1740.525)	/	2 )
=	6712.384	/	1840.8995
=	3.65

Tosoh'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 )
=	1821.137	/ (	(1931.394	+	2069.356)	/	2 )
=	1821.137	/	2000.375
=	0.91

Tosoh (OTCPK:TOSCF) 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.

Tosoh Receivables Turnover Related Terms

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Tosoh (TOSCF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tosoh Corp (OTCPK:TOSCF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

4042:Japan TOS:Germany

Address

3-8-2 Shiba, Minata-ku, Tokyo, JPN, 105-8623

Website

http://www.tosoh.com

Tosoh Corp manufactures and sells a variety of petrochemicals, plastics, and chemical-based products. The firm organizes itself into four segments, based on product type. The Petrochemical segment, which generates more revenue than any other segment, sells olefins and polymers, including ethylene and polyvinyl chloride, which are used to make plastics for a variety of end uses. The Chlor-Alkali segment sells caustic soda used to make soap, baking soda, and water treatment products. The Specialty segment sells battery materials, a variety of zirconia products, bromine used in electronics flame retardants, and clinical diagnostics equipment. The Engineering segment provides construction and water treatment services. The majority of revenue comes from Japan.

Tosoh (TOSCF) Headlines

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