Mitsui E&S Co (Mitsui E&S Co) Receivables Turnover : 0.92 (As of Dec. 2023)

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What is Mitsui E&S 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. Mitsui E&S Co's Revenue for the three months ended in Dec. 2023 was $554 Mil. Mitsui E&S Co's average Accounts Receivable for the three months ended in Dec. 2023 was $602 Mil. Hence, Mitsui E&S Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.92.

Mitsui E&S Co Receivables Turnover Historical Data

The historical data trend for Mitsui E&S 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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Mitsui E&S Co Receivables Turnover Chart

Mitsui E&S Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.73

3.14

2.48

3.47

3.08

Mitsui E&S 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															0.83	1.17	0.76	0.90	0.92

Competitive Comparison of Mitsui E&S Co's Receivables Turnover

For the Aerospace & Defense subindustry, Mitsui E&S 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.

Mitsui E&S Co's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mitsui E&S Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mitsui E&S Co's Receivables Turnover falls into.

Mitsui E&S Co Receivables Turnover Calculation

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

Mitsui E&S 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 )
=	1962.386	/ (	(662.546	+	612.355)	/	2 )
=	1962.386	/	637.4505
=	3.08

Mitsui E&S 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 )
=	554.412	/ (	(576.712	+	628.122)	/	2 )
=	554.412	/	602.417
=	0.92

Mitsui E&S Co (OTCPK:MIESY) 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.

Mitsui E&S Co Receivables Turnover Related Terms

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Mitsui E&S Co (Mitsui E&S Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mitsui E&S Co Ltd (OTCPK:MIESY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

7003:Japan MU1:Germany MU1:Germany

Address

6-4 Tsukiji 5-chome, Chuo-ku, Tokyo, JPN, 104-8439

Website

https://www.mes.co.jp

Mitsui E&S Co Ltd constructs commercial and naval ships, engines and generators, plants, and other engineering projects. It manufactures carriers, tankers, vessels, and underwater vehicles for a variety of end markets. Engineering and design teams work to enhance technological capabilities and deliver advanced ships. Mitsui has three business segments: ship and ocean projects (approximately half of total revenue), machinery and systems, and engineering. It plans and builds chemical, power generation, water, and waste plants to help customers develop cost-effective products. After-sales services repair industrial machinery and deliver spare parts to customers. Japan and Brazil generate more sales than any other country.

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