Nissui (Nissui) Receivables Turnover : 1.87 (As of Dec. 2023)

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What is Nissui 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. Nissui's Revenue for the three months ended in Dec. 2023 was $1,516 Mil. Nissui's average Accounts Receivable for the three months ended in Dec. 2023 was $810 Mil. Hence, Nissui's Receivables Turnover for the three months ended in Dec. 2023 was 1.87.

Nissui Receivables Turnover Historical Data

The historical data trend for Nissui'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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Nissui Receivables Turnover Chart

Nissui Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.02

8.32

7.85

8.01

7.78

Nissui 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															1.95	1.81	1.96	1.88	1.87

Competitive Comparison of Nissui's Receivables Turnover

For the Packaged Foods subindustry, Nissui'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.

Nissui's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nissui's Receivables Turnover distribution charts can be found below:

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

Nissui Receivables Turnover Calculation

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

Nissui'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 )
=	5747.092	/ (	(761.739	+	715.898)	/	2 )
=	5747.092	/	738.8185
=	7.78

Nissui'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 )
=	1516.493	/ (	(766.181	+	853.089)	/	2 )
=	1516.493	/	809.635
=	1.87

Nissui (OTCPK:NISUY) 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.

Nissui Receivables Turnover Related Terms

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Nissui (Nissui) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissui Corp (OTCPK:NISUY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1332:Japan 71N:Germany

Address

1-3-1 Nishi-Shimbashi, Nishi-Shimbashi Square, Minato-ku, Tokyo, JPN, 105-8676

Website

http://www.nissui.co.jp

Nissui Corp primarily operates in the marine and food product businesses. The company divides its business activities into four segments: the marine products segment, which is engaged in the fishing, processing, and sale of marine products; the food segment, which produces and sells processed food products; the fine segment, which consists of the manufacture and sale of generic pharmaceuticals and health food; and the logistics segment, which is engaged in the cold storage of marine products and cargo transportation. The company also provides construction and repair of ships, marine transportation, and engineering services, and it operates in cosmetics business through its subsidiary.

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