Toyobo Co (Toyobo Co) Receivables Turnover : 1.30 (As of Dec. 2023)

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What is Toyobo 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. Toyobo Co's Revenue for the three months ended in Dec. 2023 was $749 Mil. Toyobo Co's average Accounts Receivable for the three months ended in Dec. 2023 was $575 Mil. Hence, Toyobo Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.30.

Toyobo Co Receivables Turnover Historical Data

The historical data trend for Toyobo 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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Toyobo Co Receivables Turnover Chart

Toyobo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.05

4.12

3.94

4.08

4.19

Toyobo 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															1.22	1.22	1.08	1.18	1.30

Competitive Comparison of Toyobo Co's Receivables Turnover

For the Specialty Chemicals subindustry, Toyobo 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.

Toyobo Co's Receivables Turnover Distribution in the Chemicals Industry

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

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

Toyobo Co Receivables Turnover Calculation

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

Toyobo 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 )
=	2991.981	/ (	(768.114	+	661.553)	/	2 )
=	2991.981	/	714.8335
=	4.19

Toyobo 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 )
=	749.43	/ (	(564.801	+	585.679)	/	2 )
=	749.43	/	575.24
=	1.30

Toyobo Co (OTCPK:TYOBY) 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.

Toyobo Co Receivables Turnover Related Terms

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Toyobo Co (Toyobo Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toyobo Co Ltd (OTCPK:TYOBY) » Definitions » Receivables Turnover

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3101:Japan

Address

2-8, Dojima Hama 2-chome, Kita-ku, Osaka, JPN, 530-8230

Website

http://www.toyobo.co.jp

Toyobo Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The films and functional polymers segment, which generates more of Toyobo's revenue than any other segment, sells industrial films for liquid crystal displays, packaging films for food packaging, and engineered plastics and coatings for electronics. The industrial materials segment sells airbag fabrics and polyester for tires to the automotive industry. The healthcare segment sells enzymes for diagnostics, diagnostic systems, pharmaceuticals, and seawater desalination modules. The textiles segment sells synthetic and acrylic fibers used for apparel production. The majority of revenue comes from Japan.

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