Japan Insulation Co (TSE:5368) Receivables Turnover : 0.79 (As of Dec. 2023)

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What is Japan Insulation 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. Japan Insulation Co's Revenue for the three months ended in Dec. 2023 was 円3,058 Mil. Japan Insulation Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円3,882 Mil. Hence, Japan Insulation Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.79.

Japan Insulation Co Receivables Turnover Historical Data

The historical data trend for Japan Insulation 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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Japan Insulation Co Receivables Turnover Chart

Japan Insulation Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.89

3.18

2.75

2.95

3.27

Japan Insulation Co Quarterly Data
	Mar18	Mar19	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														0.83	0.94	0.79	0.77	0.79

Competitive Comparison of Japan Insulation Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Japan Insulation 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.

Japan Insulation Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Japan Insulation Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Japan Insulation Co's Receivables Turnover falls into.

Japan Insulation Co Receivables Turnover Calculation

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

Japan Insulation 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 )
=	12320.101	/ (	(4182.619	+	3360.952)	/	2 )
=	12320.101	/	3771.7855
=	3.27

Japan Insulation 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 )
=	3057.749	/ (	(4171.417	+	3593.504)	/	2 )
=	3057.749	/	3882.4605
=	0.79

Japan Insulation Co (TSE:5368) 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.

Japan Insulation Co Receivables Turnover Related Terms

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Japan Insulation Co (TSE:5368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Insulation Co Ltd (TSE:5368) » Definitions » Receivables Turnover

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Address

Beside Kiba 3rd Floor, 2-17-16, Kiba, Koto-ku, Tokyo, JPN, 135-0042

Website

https://www.jic-bestork.co.jp

Japan Insulation Co Ltd is engaged in manufacturing and selling heat insulating materials made of Xonotlite-type calcium silicate. The company develops, produces, and sells disaster prevention materials to disturb a fire, including fireproof and non-combustible materials for buildings, non-combustible interior materials for ships, thermal insulation materials for plant equipment, fireproof materials for telecommunication cables for bridges and tunnels, boards for processing sculptures and signboards, and lightweight and highly heat resistant inorganic powder.

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