Minebea Mitsumi (Minebea Mitsumi) Receivables Turnover : 1.24 (As of Dec. 2023)

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What is Minebea Mitsumi 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. Minebea Mitsumi's Revenue for the three months ended in Dec. 2023 was $2,648 Mil. Minebea Mitsumi's average Accounts Receivable for the three months ended in Dec. 2023 was $2,131 Mil. Hence, Minebea Mitsumi's Receivables Turnover for the three months ended in Dec. 2023 was 1.24.

Minebea Mitsumi Receivables Turnover Historical Data

The historical data trend for Minebea Mitsumi'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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Minebea Mitsumi Receivables Turnover Chart

Minebea Mitsumi Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.54

5.94

5.09

4.86

4.62

Minebea Mitsumi 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															1.34	1.20	1.05	1.29	1.24

Competitive Comparison of Minebea Mitsumi's Receivables Turnover

For the Electronic Components subindustry, Minebea Mitsumi'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.

Minebea Mitsumi's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Minebea Mitsumi's Receivables Turnover distribution charts can be found below:

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

Minebea Mitsumi Receivables Turnover Calculation

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

Minebea Mitsumi'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 )
=	9667.525	/ (	(2030.927	+	2149.968)	/	2 )
=	9667.525	/	2090.4475
=	4.62

Minebea Mitsumi'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 )
=	2647.611	/ (	(2196.848	+	2065.904)	/	2 )
=	2647.611	/	2131.376
=	1.24

Minebea Mitsumi (OTCPK:MNBEY) 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.

Minebea Mitsumi Receivables Turnover Related Terms

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Minebea Mitsumi (Minebea Mitsumi) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minebea Mitsumi Inc (OTCPK:MNBEY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

MNBEF:USA 6479:Japan

Address

3-9-6, Mita, Minato-ku, Tokyo, JPN, 108-8330

Website

https://www.minebeamitsumi.com

Minebea Mitsumi Inc is an electronic components company. Its operating segments are Machined components, Electronic devices and components and MITSUMI business. The machined components segment manufactures mechanical parts including ball bearings, rod-end bearings, pivot assemblies for hard disk drive (HDD), and screws for automobiles and aircrafts. The electronic devices and components segment manufactures electronic devices (such as LED backlights and sensing devices), HDD spindle motors, stepping motors, DC motors, air movers (fan motors), precision motors and specialized devices. And The MITSUMI business segment manufactures semiconductor devices, optical devices, mechanical parts, high-frequency components, and power supply parts.

Minebea Mitsumi (Minebea Mitsumi) Headlines

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