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ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Receivables Turnover : 1.18 (As of Feb. 2024)


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What is ADTEC PLASMA TECHNOLOGY 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. ADTEC PLASMA TECHNOLOGY Co's Revenue for the three months ended in Feb. 2024 was 円2,380 Mil. ADTEC PLASMA TECHNOLOGY Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円2,012 Mil. Hence, ADTEC PLASMA TECHNOLOGY Co's Receivables Turnover for the three months ended in Feb. 2024 was 1.18.


ADTEC PLASMA TECHNOLOGY Co Receivables Turnover Historical Data

The historical data trend for ADTEC PLASMA TECHNOLOGY 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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ADTEC PLASMA TECHNOLOGY Co Receivables Turnover Chart

ADTEC PLASMA TECHNOLOGY Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.50 4.53 4.29 5.41 4.60

ADTEC PLASMA TECHNOLOGY Co 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 1.16 1.28 1.05 0.97 1.18

Competitive Comparison of ADTEC PLASMA TECHNOLOGY Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, ADTEC PLASMA TECHNOLOGY 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.


ADTEC PLASMA TECHNOLOGY Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where ADTEC PLASMA TECHNOLOGY Co's Receivables Turnover falls into.



ADTEC PLASMA TECHNOLOGY Co Receivables Turnover Calculation

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

ADTEC PLASMA TECHNOLOGY Co's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

Receivables Turnover (A: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Aug. 2023 ) / ((Accounts Receivable (A: Aug. 2022 ) + Accounts Receivable (A: Aug. 2023 )) / count )
=12498 / ((2603 + 2827) / 2 )
=12498 / 2715
=4.60

ADTEC PLASMA TECHNOLOGY Co'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 )
=2380 / ((2149 + 1874) / 2 )
=2380 / 2011.5
=1.18

* 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.


ADTEC PLASMA TECHNOLOGY Co  (TSE:6668) 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.


ADTEC PLASMA TECHNOLOGY Co Receivables Turnover Related Terms

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ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Business Description

Traded in Other Exchanges
N/A
Address
6-10, 5-chome, Hikino-cho, Fukuyama City, Hiroshima, JPN, 721-0942
ADTEC PLASMA TECHNOLOGY CO., Ltd. is a Japan-based company. It is mainly engaged in the design, manufacture, and sale of radio frequency (RF) plasma generators. Products offered by the company include visual matching unit, visual matching unit, digital RF power tracer, and chamber analyzer.

ADTEC PLASMA TECHNOLOGY Co (TSE:6668) Headlines

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