Nippon Carbon Co (Nippon Carbon Co) Receivables Turnover : 0.89 (As of Dec. 2023)

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What is Nippon Carbon 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. Nippon Carbon Co's Revenue for the three months ended in Dec. 2023 was $76.6 Mil. Nippon Carbon Co's average Accounts Receivable for the three months ended in Dec. 2023 was $85.9 Mil. Hence, Nippon Carbon Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.89.

Nippon Carbon Co Receivables Turnover Historical Data

The historical data trend for Nippon Carbon 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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Nippon Carbon Co Receivables Turnover Chart

Nippon Carbon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.11

2.38

2.91

2.79

2.88

Nippon Carbon 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															0.79	0.70	0.92	0.73	0.89

Competitive Comparison of Nippon Carbon Co's Receivables Turnover

For the Specialty Chemicals subindustry, Nippon Carbon 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.

Nippon Carbon Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Carbon Co's Receivables Turnover distribution charts can be found below:

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

Nippon Carbon Co Receivables Turnover Calculation

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

Nippon Carbon Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	262.999	/ (	(88.367	+	94.325)	/	2 )
=	262.999	/	91.346
=	2.88

Nippon Carbon 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 )
=	76.586	/ (	(77.561	+	94.325)	/	2 )
=	76.586	/	85.943
=	0.89

Nippon Carbon Co (OTCPK:NCRBF) 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.

Nippon Carbon Co Receivables Turnover Related Terms

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Nippon Carbon Co (Nippon Carbon Co) Business Description

Industry

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5302:Japan NPV:Germany

Address

6-1, Hacchobori 2-chome, Chuo ku, Tokyo, JPN, 104-0032

Website

http://www.carbon.co.jp

Nippon Carbon Co Ltd engages in the manufacture and sale of carbon products. It provides products in following categories: Carbon Products, Silicon carbide products, and Others. The Carbon Products include artificial graphite electrode, impervious graphite products, isotropic high purity graphite products, a machine for graphite products, general purpose carbon fibers, and graphite fibers, containing resin graphite fibers made of packing, flexible graphite sealing material, and node material for lithium ion battery. Silicon carbide products are involved in the development and sale of ceramic matrix composite. Other category deals with manufacturing industrial machinery, mechanical repair, building and parking leasing.

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