Kurita Water Industries (TSE:6370) Receivables Turnover : 0.74 (As of Dec. 2023)

View and export this data going back to 1961. Start your Free Trial

What is Kurita Water Industries 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. Kurita Water Industries's Revenue for the three months ended in Dec. 2023 was 円98,312 Mil. Kurita Water Industries's average Accounts Receivable for the three months ended in Dec. 2023 was 円132,624 Mil. Hence, Kurita Water Industries's Receivables Turnover for the three months ended in Dec. 2023 was 0.74.

Kurita Water Industries Receivables Turnover Historical Data

The historical data trend for Kurita Water Industries'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.

* Premium members only.

Kurita Water Industries Receivables Turnover Chart

Kurita Water Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

2.71

2.68

2.75

2.79

3.01

Kurita Water Industries 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															0.81	0.78	0.73	0.74	0.74

Competitive Comparison of Kurita Water Industries's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Kurita Water Industries'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.

Kurita Water Industries's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kurita Water Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kurita Water Industries's Receivables Turnover falls into.

Kurita Water Industries Receivables Turnover Calculation

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

Kurita Water Industries'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 )
=	344608	/ (	(108892	+	120299)	/	2 )
=	344608	/	114595.5
=	3.01

Kurita Water Industries'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 )
=	98312	/ (	(133812	+	131435)	/	2 )
=	98312	/	132623.5
=	0.74

Kurita Water Industries (TSE:6370) 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.

Kurita Water Industries Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Kurita Water Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Kurita Water Industries (TSE:6370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (TSE:6370) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KTWIY:USA KTWIF:USA KWI:Germany

Address

Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kurita.co.jp

Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (TSE:6370) Headlines

No Headlines