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Ichikoh Industries, (TSE:7244) Receivables Turnover : 1.31 (As of Mar. 2024)


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What is Ichikoh Industries, 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. Ichikoh Industries,'s Revenue for the three months ended in Mar. 2024 was 円30,643 Mil. Ichikoh Industries,'s average Accounts Receivable for the three months ended in Mar. 2024 was 円23,470 Mil. Hence, Ichikoh Industries,'s Receivables Turnover for the three months ended in Mar. 2024 was 1.31.


Ichikoh Industries, Receivables Turnover Historical Data

The historical data trend for Ichikoh Industries,'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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Ichikoh Industries, Receivables Turnover Chart

Ichikoh Industries, Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.09 5.53 6.25 5.86 5.66

Ichikoh Industries, 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 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 1.41 1.35 1.34 1.44 1.31

Competitive Comparison of Ichikoh Industries,'s Receivables Turnover

For the Auto Parts subindustry, Ichikoh Industries,'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.


Ichikoh Industries,'s Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Ichikoh Industries,'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ichikoh Industries,'s Receivables Turnover falls into.



Ichikoh Industries, Receivables Turnover Calculation

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

Ichikoh Industries,'s Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=145897 / ((27121 + 24401) / 2 )
=145897 / 25761
=5.66

Ichikoh Industries,'s Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=30643 / ((24401 + 22538) / 2 )
=30643 / 23469.5
=1.31

* 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.


Ichikoh Industries,  (TSE:7244) 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.


Ichikoh Industries, Receivables Turnover Related Terms

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Ichikoh Industries, (TSE:7244) Business Description

Traded in Other Exchanges
N/A
Address
80 Itado, Isehara, Kanagawa, JPN, 259-1192
Ichikoh Industries, Ltd is engaged in the manufacture & sale of automobile components and sports goods. It offers automotive lamps and mirrors, including headlamps, rearview mirrors, high-intensity discharge headlamp units, electric foldaway and mirrors.

Ichikoh Industries, (TSE:7244) Headlines

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