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Moresco (TSE:5018) Receivables Turnover : 1.02 (As of Feb. 2024)


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What is Moresco 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. Moresco's Revenue for the three months ended in Feb. 2024 was 円8,155 Mil. Moresco's average Accounts Receivable for the three months ended in Feb. 2024 was 円7,979 Mil. Hence, Moresco's Receivables Turnover for the three months ended in Feb. 2024 was 1.02.


Moresco Receivables Turnover Historical Data

The historical data trend for Moresco'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.

* Premium members only.

Moresco Receivables Turnover Chart

Moresco Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.98 3.66 4.05 4.20 4.10

Moresco Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.02 1.01 1.04 1.08 1.02

Competitive Comparison of Moresco's Receivables Turnover

For the Specialty Chemicals subindustry, Moresco'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.


Moresco's Receivables Turnover Distribution in the Chemicals Industry

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

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



Moresco Receivables Turnover Calculation

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

Moresco's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Receivables Turnover (A: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2024 ) / ((Accounts Receivable (A: Feb. 2023 ) + Accounts Receivable (A: Feb. 2024 )) / count )
=31886 / ((7595 + 7942) / 2 )
=31886 / 7768.5
=4.10

Moresco's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=8155 / ((8016 + 7942) / 2 )
=8155 / 7979
=1.02

* 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.


Moresco  (TSE:5018) 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.


Moresco Receivables Turnover Related Terms

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Moresco (TSE:5018) Business Description

Traded in Other Exchanges
N/A
Address
5-5-3 Minatojima Minami-machi, Chuo-ku, Kobe, JPN, 650-0047
Moresco Corp is engaged in the development, manufacture, sale and leasing of chemical products such as special lubricants, synthetic lubricants, raw materials, hot melt adhesives and energy device related products in Japan.

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