Taiyo Kagaku Co (NGO:2902) Receivables Turnover : 0.90 (As of Dec. 2023)

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What is Taiyo Kagaku 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. Taiyo Kagaku Co's Revenue for the three months ended in Dec. 2023 was 円12,082 Mil. Taiyo Kagaku Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円13,429 Mil. Hence, Taiyo Kagaku Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.90.

Taiyo Kagaku Co Receivables Turnover Historical Data

The historical data trend for Taiyo Kagaku 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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Taiyo Kagaku Co Receivables Turnover Chart

Taiyo Kagaku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.62

3.73

3.70

3.98

4.20

Taiyo Kagaku 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															0.94	0.99	1.04	0.95	0.90

Competitive Comparison of Taiyo Kagaku Co's Receivables Turnover

For the Specialty Chemicals subindustry, Taiyo Kagaku 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.

Taiyo Kagaku Co's Receivables Turnover Distribution in the Chemicals Industry

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

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

Taiyo Kagaku Co Receivables Turnover Calculation

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

Taiyo Kagaku 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 )
=	42970.511	/ (	(9306.326	+	11147.267)	/	2 )
=	42970.511	/	10226.7965
=	4.20

Taiyo Kagaku 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 )
=	12082.16	/ (	(13714.181	+	13144.174)	/	2 )
=	12082.16	/	13429.1775
=	0.90

Taiyo Kagaku Co (NGO:2902) 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.

Taiyo Kagaku Co Receivables Turnover Related Terms

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Taiyo Kagaku Co (NGO:2902) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiyo Kagaku Co Ltd (NGO:2902) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

No. 800 Yamada-cho Yokkaichi, Mie, JPN

Website

http://www.taiyokagaku.com

Taiyo Kagaku Co Ltd is engaged in the development and production of emulsifiers, stabilizers, egg and tea-based ingredients, and functional ingredients for the food, beverage, and pharmaceutical industries across the globe. Taiyo focuses on the development of innovative ingredients, derived from natural sources, to further develop the body's ability to protect and manage one's health. Its products include Sunphenon; Teavigo; Sunphenon EGCg; and Sunphenon XLB-100. The Sunphenon series, including the Teavigo brand, consists of standardized tea polyphenols and natural catechins that have been shown to have numerous physiological benefits, including antioxidant, anti-microbial, deodorant and thermogenic activities.

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