Nippon Avionics Co (TSE:6946) Receivables Turnover : 0.34 (As of Dec. 2023)

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What is Nippon Avionics 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. Nippon Avionics Co's Revenue for the three months ended in Dec. 2023 was 円4,584 Mil. Nippon Avionics Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円13,627 Mil. Hence, Nippon Avionics Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.34.

Nippon Avionics Co Receivables Turnover Historical Data

The historical data trend for Nippon Avionics 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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Nippon Avionics Co Receivables Turnover Chart

Nippon Avionics Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.48

1.81

1.85

1.67

1.54

Nippon Avionics Co 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															0.45	0.31	0.42	0.34	0.34

Competitive Comparison of Nippon Avionics Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Nippon Avionics 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.

Nippon Avionics Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Nippon Avionics Co's Receivables Turnover falls into.

Nippon Avionics Co Receivables Turnover Calculation

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

Nippon Avionics Co'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 )
=	18055	/ (	(11746	+	0)	/	1 )
=	18055	/	11746
=	1.54

Nippon Avionics 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 )
=	4584	/ (	(13149	+	14104)	/	2 )
=	4584	/	13626.5
=	0.34

Nippon Avionics Co (TSE:6946) 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.

Nippon Avionics Co Receivables Turnover Related Terms

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Nippon Avionics Co (TSE:6946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nippon Avionics Co Ltd (TSE:6946) » Definitions » Receivables Turnover

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Traded in Other Exchanges

6NA:Germany

Address

Gotanda Kowa Building, 8-1-5, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.avio.co.jp

Nippon Avionics Co Ltd is a manufacturer of electronics equipment. The company is organized into three major business segments - Information System, Joining Equipment, and Infrared Thermography. Information System business provides device products and packaging technologies adopted for the development, manufacture and maintenance of various defence system equipment. The Micro Joining Equipment business active in the manufacture of electronic equipment and electronic parts. It offers a wide range of solutions including welding, soldering, thermocompression bonding, thermal caulking, sealing and ultrasonic bonding. The Infrared Thermography business develops, manufactures and sells infrared thermography camera that visualizes heat.

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