Denso (DNZOY) Receivables Turnover : 1.49 (As of Dec. 2023)

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What is Denso 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. Denso's Revenue for the three months ended in Dec. 2023 was $12,789 Mil. Denso's average Accounts Receivable for the three months ended in Dec. 2023 was $8,564 Mil. Hence, Denso's Receivables Turnover for the three months ended in Dec. 2023 was 1.49.

Denso Receivables Turnover Historical Data

The historical data trend for Denso'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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Denso Receivables Turnover Chart

Denso Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.23

5.53

5.14

4.92

5.07

Denso 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															1.48	1.51	1.33	1.39	1.49

Competitive Comparison of Denso's Receivables Turnover

For the Auto Parts subindustry, Denso'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.

Denso's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Denso's Receivables Turnover falls into.

Denso Receivables Turnover Calculation

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

Denso'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 )
=	47891.023	/ (	(9451.894	+	9454.791)	/	2 )
=	47891.023	/	9453.3425
=	5.07

Denso'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 )
=	12789.081	/ (	(8703.521	+	8424.263)	/	2 )
=	12789.081	/	8563.892
=	1.49

Denso (OTCPK:DNZOY) 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.

Denso Receivables Turnover Related Terms

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Denso (DNZOY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Denso Corp (OTCPK:DNZOY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DNZOF:USA 6902:Japan 6902:Japan DNO:Germany

Address

1-1 Showa-cho, Kariya, JPN, 448-8661

Website

http://www.denso.co.jp

Denso manufactures automotive components and systems, as well as other industrial products and home appliances. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder with 24.75% ownership. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility systems, and sensors/semiconductor systems for mainly hybrid, internal combustion engine, battery electric, and fuel cell vehicles. The company operates globally and is headquartered in Kariya, Japan.