Mitsubishi Materials (TSE:5711) Receivables Turnover : 1.86 (As of Dec. 2023)

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What is Mitsubishi Materials 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. Mitsubishi Materials's Revenue for the three months ended in Dec. 2023 was 円365,386 Mil. Mitsubishi Materials's average Accounts Receivable for the three months ended in Dec. 2023 was 円196,549 Mil. Hence, Mitsubishi Materials's Receivables Turnover for the three months ended in Dec. 2023 was 1.86.

Mitsubishi Materials Receivables Turnover Historical Data

The historical data trend for Mitsubishi Materials'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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Mitsubishi Materials Receivables Turnover Chart

Mitsubishi Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.51

6.78

7.70

7.42

7.79

Mitsubishi Materials 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															1.95	1.93	1.83	1.86	2.30

Competitive Comparison of Mitsubishi Materials's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Mitsubishi Materials'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.

Mitsubishi Materials's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Mitsubishi Materials's Receivables Turnover distribution charts can be found below:

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

Mitsubishi Materials Receivables Turnover Calculation

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

Mitsubishi Materials'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 )
=	1540642	/ (	(188498	+	206795)	/	2 )
=	1540642	/	197646.5
=	7.79

Mitsubishi Materials'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 )
=	365386	/ (	(200001	+	193096)	/	2 )
=	365386	/	196548.5
=	1.86

Mitsubishi Materials (TSE:5711) 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.

Mitsubishi Materials Receivables Turnover Related Terms

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Mitsubishi Materials (TSE:5711) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

MUJ:Germany

Address

3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8117

Website

http://www.mmc.co.jp/corporate/ja/index.html

Mitsubishi Materials Corp has operations across thirty countries and multiple divisions, including cement, metals, advanced materials and tools, electronic materials and components, and aluminum. The metals division, which accounts for roughly half of group revenue, is engaged in copper mine development, smelting, and processing, along with the production and sales of precious metals. The cement business is the group's second- largest division, engaged in the production and sale of Portland cement, ready-mixed concrete, and other cement-related products. The aluminum division manufactures aluminum beverage cans, rolled aluminum products, and processed products.

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