Wavelock Holdings Co (TSE:7940) Receivables Turnover : 0.95 (As of Dec. 2023)

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What is Wavelock Holdings 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. Wavelock Holdings Co's Revenue for the three months ended in Dec. 2023 was 円5,532 Mil. Wavelock Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円5,846 Mil. Hence, Wavelock Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.95.

Wavelock Holdings Co Receivables Turnover Historical Data

The historical data trend for Wavelock Holdings 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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Wavelock Holdings Co Receivables Turnover Chart

Wavelock Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.64

3.87

4.16

3.34

3.89

Wavelock Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.88	1.07	1.04	0.92	0.95

Competitive Comparison of Wavelock Holdings Co's Receivables Turnover

For the Specialty Chemicals subindustry, Wavelock Holdings 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.

Wavelock Holdings Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wavelock Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wavelock Holdings Co's Receivables Turnover falls into.

Wavelock Holdings Co Receivables Turnover Calculation

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

Wavelock Holdings Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	22584.917	/ (	(5921.452	+	5701.285)	/	2 )
=	22584.917	/	5811.3685
=	3.89

Wavelock Holdings 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 )
=	5531.856	/ (	(6123.998	+	5568.094)	/	2 )
=	5531.856	/	5846.046
=	0.95

Wavelock Holdings Co (TSE:7940) 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.

Wavelock Holdings Co Receivables Turnover Related Terms

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Wavelock Holdings Co (TSE:7940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wavelock Holdings Co Ltd (TSE:7940) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, No. 1 Akashi-cho, St. Road Tower, 13th Floor, Chuo-ku, Tokyo, JPN, 104-0044

Website

http://www.wavelock-holdings.com

Wavelock Holdings Co Ltd manufactures and sells household goods related products in Japan. The company offers construction/ civil engineering related materials, wallpapers; smoke-free walls; door screens, insect repellent nets, gardening nets and plastic sheets, tear tapes, metal decorating films, Packaging related materials, Agriculture related materials, Automotive/ weak electric materials and processed products. It also processes and sells and provides consulting services to synthetic resins and various materials.

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