Star Micronics Co (TSE:7718) Receivables Turnover : 0.75 (As of Mar. 2024)

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What is Star Micronics 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. Star Micronics Co's Revenue for the three months ended in Mar. 2024 was 円13,920 Mil. Star Micronics Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円18,492 Mil. Hence, Star Micronics Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.75.

Star Micronics Co Receivables Turnover Historical Data

The historical data trend for Star Micronics 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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Star Micronics Co Receivables Turnover Chart

Star Micronics Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.87

3.18

3.92

4.23

3.78

Star Micronics 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															0.95	1.01	0.84	0.89	0.75

Competitive Comparison of Star Micronics Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Star Micronics 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.

Star Micronics Co's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Star Micronics Co's Receivables Turnover falls into.

Star Micronics Co Receivables Turnover Calculation

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

Star Micronics Co'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 )
=	78196.383	/ (	(22749.935	+	18594.767)	/	2 )
=	78196.383	/	20672.351
=	3.78

Star Micronics Co'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 )
=	13920.077	/ (	(18594.767	+	18389.794)	/	2 )
=	13920.077	/	18492.2805
=	0.75

Star Micronics Co (TSE:7718) 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.

Star Micronics Co Receivables Turnover Related Terms

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Star Micronics Co (TSE:7718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Star Micronics Co Ltd (TSE:7718) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

2ZN:Germany

Address

20-10 Nakayoshida, Suruga-ku, Shizuoka, JPN, 422-8654

Website

https://www.star-m.jp

Star Micronics Co Ltd is engaged in the manufacture and sale of machinery, electronic components, machine tools and precision parts. It operates with various segment namely; Special products segment which offers point-of-sale printers, Visual cards, Readers and Writers; Components segment produces and sells electronic buzzers, microphones, speakers, receivers and others; Machine Tools segment offers computer numeric control automatic lathes and others; and Precision Products segment produces and sells wristwatch parts, optical connector parts, automotive parts, medical parts and others. The company generates most of its revenue from the machine tools segment and it has business presence worldwide, including Japan, the United States, Europe, and other Asian areas.

Star Micronics Co (TSE:7718) Headlines

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