Marutongyo Co (FSE:7894) Receivables Turnover : 1.22 (As of Feb. 2024)

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What is Marutongyo 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. Marutongyo Co's Revenue for the three months ended in Feb. 2024 was 円4,272 Mil. Marutongyo Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円3,499 Mil. Hence, Marutongyo Co's Receivables Turnover for the three months ended in Feb. 2024 was 1.22.

Marutongyo Co Receivables Turnover Historical Data

The historical data trend for Marutongyo 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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Marutongyo Co Receivables Turnover Chart

Marutongyo Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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3.63

3.35

3.77

4.77

4.91

Marutongyo Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															0.99	1.22	1.21	1.19	1.22

Competitive Comparison of Marutongyo Co's Receivables Turnover

For the Packaging & Containers subindustry, Marutongyo 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.

Marutongyo Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Marutongyo Co's Receivables Turnover distribution charts can be found below:

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

Marutongyo Co Receivables Turnover Calculation

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

Marutongyo Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	17853.667	/ (	(3789.191	+	3478.382)	/	2 )
=	17853.667	/	3633.7865
=	4.91

Marutongyo Co's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	4271.92	/ (	(3519.967	+	3478.382)	/	2 )
=	4271.92	/	3499.1745
=	1.22

Marutongyo Co (FSE:7894) 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.

Marutongyo Co Receivables Turnover Related Terms

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Marutongyo Co (FSE:7894) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Maruto Sangyo Co Ltd (FSE:7894) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

892-1 Hikata, Ogori, Fukuoka, JPN, 838-0112

Website

https://www.marutosangyo.co.jp

Maruto Sangyo Co Ltd produces and sells laminated films and paper products for the packaging companies in Japan. It is also engaged in photogravure printing and bag-making, photogravure cylinder making, sales of paper packaging, packing paper, and label stickers, plastic molding products, and packing materials. It also sells packaging machinery and industrial machinery, agricultural-related materials, and horticultural equipment.

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