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Brother Industries (Brother Industries) Receivables Turnover : 1.72 (As of Dec. 2023)


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What is Brother 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. Brother Industries's Revenue for the three months ended in Dec. 2023 was $1,480 Mil. Brother Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $859 Mil. Hence, Brother Industries's Receivables Turnover for the three months ended in Dec. 2023 was 1.72.


Brother Industries Receivables Turnover Historical Data

The historical data trend for Brother 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.

Brother Industries Receivables Turnover Chart

Brother Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.48 6.59 6.68 6.96 6.82

Brother 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.78 1.64 1.59 1.56 1.72

Competitive Comparison of Brother Industries's Receivables Turnover

For the Business Equipment & Supplies subindustry, Brother 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.


Brother Industries's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Brother Industries Receivables Turnover Calculation

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

Brother 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 )
=6099.377 / ((865.974 + 922.161) / 2 )
=6099.377 / 894.0675
=6.82

Brother 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 )
=1480.28 / ((862.417 + 855.172) / 2 )
=1480.28 / 858.7945
=1.72

* 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.


Brother Industries  (OTCPK:BRTHF) 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.


Brother Industries Receivables Turnover Related Terms

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Brother Industries (Brother Industries) Business Description

Traded in Other Exchanges
Address
15-1, Naeshiro-cho, Mizuho-ku, Nagoya, JPN, 467-8561
Brother Industries Ltd is engaged in the manufacture and sale of office equipment and supplies. The company offers products such as printing equipment, home sewing machines, industrial sewing machines, machine tools, and online karaoke/content-delivery systems. The group consists of five segments, Printing and Solutions; Personal and Home; Machinery and Solution; Network and Contents; and Industrial Part.

Brother Industries (Brother Industries) Headlines

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