Hino Motors (Hino Motors) Receivables Turnover : 1.43 (As of Dec. 2023)

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What is Hino Motors 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. Hino Motors's Revenue for the three months ended in Dec. 2023 was $2,682 Mil. Hino Motors's average Accounts Receivable for the three months ended in Dec. 2023 was $1,881 Mil. Hence, Hino Motors's Receivables Turnover for the three months ended in Dec. 2023 was 1.43.

Hino Motors Receivables Turnover Historical Data

The historical data trend for Hino Motors'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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Hino Motors Receivables Turnover Chart

Hino Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.73

5.05

4.74

4.92

4.89

Hino Motors 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															1.46	1.29	1.34	1.43	1.31

Competitive Comparison of Hino Motors's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Hino Motors'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.

Hino Motors's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Hino Motors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hino Motors's Receivables Turnover falls into.

Hino Motors Receivables Turnover Calculation

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

Hino Motors'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 )
=	10120.606	/ (	(2159.649	+	1978.152)	/	2 )
=	10120.606	/	2068.9005
=	4.89

Hino Motors'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 )
=	2681.761	/ (	(1933.823	+	1828.728)	/	2 )
=	2681.761	/	1881.2755
=	1.43

Hino Motors (GREY:HINOF) 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.

Hino Motors Receivables Turnover Related Terms

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Hino Motors (Hino Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hino Motors Ltd (GREY:HINOF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HINOY:USA 7205:Japan 7205:Japan HMO:Germany

Address

1-1 Hinodai 3-chome, Hino-shi, Tokyo, JPN

Website

http://www.hino-global.com

Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.

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