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Ito Yogyo Co (TSE:5287) Receivables Turnover : 1.12 (As of Dec. 2023)


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What is Ito Yogyo 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. Ito Yogyo Co's Revenue for the three months ended in Dec. 2023 was 円786 Mil. Ito Yogyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円701 Mil. Hence, Ito Yogyo Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.12.


Ito Yogyo Co Receivables Turnover Historical Data

The historical data trend for Ito Yogyo 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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Ito Yogyo Co Receivables Turnover Chart

Ito Yogyo Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.99 2.80 2.79 2.47 3.06

Ito Yogyo 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 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 0.95 0.97 0.63 1.16 1.12

Competitive Comparison of Ito Yogyo Co's Receivables Turnover

For the Building Products & Equipment subindustry, Ito Yogyo 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.


Ito Yogyo Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ito Yogyo Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ito Yogyo Co's Receivables Turnover falls into.



Ito Yogyo Co Receivables Turnover Calculation

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

Ito Yogyo 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 )
=3467.346 / ((1254.488 + 1008.179) / 2 )
=3467.346 / 1131.3335
=3.06

Ito Yogyo 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 )
=785.617 / ((626.116 + 776.424) / 2 )
=785.617 / 701.27
=1.12

* 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.


Ito Yogyo Co  (TSE:5287) 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.


Ito Yogyo Co Receivables Turnover Related Terms

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Ito Yogyo Co (TSE:5287) Business Description

Traded in Other Exchanges
N/A
Address
6-3-14, Nakatsu, Kita-ku, Osaka, JPN, 5310071
Ito Yogyo Co., Ltd. is engaged in manufacturing and selling precast concrete products for government and municipalities in Japan and internationally. Its products are used in sewer engineering, landscape maintenance, and stormwater treatment. The company is also involved in the sale and installation of products for building equipment.

Ito Yogyo Co (TSE:5287) Headlines

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