Daio Paper (TSE:3880) Receivables Turnover : 1.41 (As of Dec. 2023)

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What is Daio Paper 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. Daio Paper's Revenue for the three months ended in Dec. 2023 was 円172,546 Mil. Daio Paper's average Accounts Receivable for the three months ended in Dec. 2023 was 円122,309 Mil. Hence, Daio Paper's Receivables Turnover for the three months ended in Dec. 2023 was 1.41.

Daio Paper Receivables Turnover Historical Data

The historical data trend for Daio Paper'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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Daio Paper Receivables Turnover Chart

Daio Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.76

5.84

6.36

6.48

6.16

Daio Paper 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															1.46	1.48	1.45	1.41	1.43

Competitive Comparison of Daio Paper's Receivables Turnover

For the Paper & Paper Products subindustry, Daio Paper'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.

Daio Paper's Receivables Turnover Distribution in the Forest Products Industry

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

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

Daio Paper Receivables Turnover Calculation

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

Daio Paper'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 )
=	671688	/ (	(106800	+	111446)	/	2 )
=	671688	/	109123
=	6.16

Daio Paper'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 )
=	172546	/ (	(120942	+	123675)	/	2 )
=	172546	/	122308.5
=	1.41

Daio Paper (TSE:3880) 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.

Daio Paper Receivables Turnover Related Terms

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Daio Paper (TSE:3880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Daio Paper Corp (TSE:3880) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

10-2, Fujimi 2 chome, Iidabashi Grand Bloom, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

http://www.daio-paper.co.jp

Daio Paper Corp is a Japan-based paper, pulp and paperboard manufacturer. It produces general printing paper for magazines and catalogs, newsprint, office paper, corrugated materials, kraft liner, facial and toilet tissue, paper towels etc. The company's main products Newsprint, coated paper, wood free paper, publication paper, PPC paper, carbonless paper, adhesive printing paper, functional materials, wrapping paper, household paper products like facial tissue, toilet tissue, paper towels, sanitary napkins, disposable diapers, among others, kraft linerboard (containerboard), and various types of pulp.

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