Sumitomo Electric Industries (FSE:5802) Receivables Turnover : 1.35 (As of Dec. 2023)

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What is Sumitomo Electric 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. Sumitomo Electric Industries's Revenue for the three months ended in Dec. 2023 was 円1,149,823 Mil. Sumitomo Electric Industries's average Accounts Receivable for the three months ended in Dec. 2023 was 円854,467 Mil. Hence, Sumitomo Electric Industries's Receivables Turnover for the three months ended in Dec. 2023 was 1.35.

Sumitomo Electric Industries Receivables Turnover Historical Data

The historical data trend for Sumitomo Electric 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.

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Sumitomo Electric Industries Receivables Turnover Chart

Sumitomo Electric Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.51

4.09

4.37

4.92

5.12

Sumitomo Electric Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.33	1.18	1.27	1.35	1.36

Competitive Comparison of Sumitomo Electric Industries's Receivables Turnover

For the Auto Parts subindustry, Sumitomo Electric 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.

Sumitomo Electric Industries's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sumitomo Electric Industries's Receivables Turnover distribution charts can be found below:

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

Sumitomo Electric Industries Receivables Turnover Calculation

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

Sumitomo Electric Industries's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	4402814	/ (	(842794	+	875933)	/	2 )
=	4402814	/	859363.5
=	5.12

Sumitomo Electric 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 )
=	1149823	/ (	(852594	+	856339)	/	2 )
=	1149823	/	854466.5
=	1.35

Sumitomo Electric Industries (FSE:5802) 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.

Sumitomo Electric Industries Receivables Turnover Related Terms

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Sumitomo Electric Industries (FSE:5802) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Electric Industries Ltd (FSE:5802) » Definitions » Receivables Turnover

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SMTOY:USA 5802:Japan SMO:Germany

Address

4-5-33, Kitahama, Chuo-ku, Osaka, JPN, 541-0041

Website

http://www.sei.co.jp

Sumitomo Electric Industries Ltd manufactures and sells electric wires and cables, and other products. The company is engaged in diversified business activities supporting people's daily lives and industry through five business segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The Automobile-related segment offers wire harnesses, rubber cushions, hoses for automobiles, automobile electrical parts and others. Sumitomo's Information Communications-related segment offers fiber-optic cables, electrical cables and equipment for communications use, optical communications-related parts and others. It derives most of the revenue from Japan.

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