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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
six
months ended in Mar. 2026 was 円26,460 Mil. Taiyo Kagaku Co's average Accounts Receivable for the
six
months ended in Mar. 2026 was 円11,296 Mil.
Hence, Taiyo Kagaku Co's Receivables Turnover for the
six
months ended in Mar. 2026 was 2.34.
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
Taiyo Kagaku Co Receivables Turnover Historical Data
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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.
NGO:2902 vs LIN, SHW, ECL: Receivables Turnover Comparison
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 Receivables Turnover vs 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.
* 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.
Taiyo Kagaku Co (NGO:2902) has a Receivables Turnover of 2.34 as of Mar. 2026. The accounts 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. View historical data on Taiyo Kagaku Co and its competitors. According to the industry distribution chart, Taiyo Kagaku Co ranks #1019 out of 1577 companies in the Chemicals industry, placing it in the top 64.6%.
Is Taiyo Kagaku Co's Receivables Turnover too high?
Taiyo Kagaku Co's current Receivables Turnover is 2.34. The Chemicals industry median Receivables Turnover is 5.60. Taiyo Kagaku Co's value of 2.34 is 58.2% below this industry median. Based on the distribution chart, Taiyo Kagaku Co ranks #1019 out of 1577 companies in the Chemicals industry, which is below the industry midpoint. Overall, Taiyo Kagaku Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiyo Kagaku Co's Receivables Turnover compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiyo Kagaku Co ranks #1019 out of 1577 companies for Receivables Turnover. This places Taiyo Kagaku Co in the lower half of its industry. The industry median Receivables Turnover is 5.60. Taiyo Kagaku Co's value of 2.34 is 58.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Chemicals company?
The median Receivables Turnover among Chemicals companies is 5.60, based on 1,577 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiyo Kagaku Co's current Receivables Turnover of 2.34 is 58.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Taiyo Kagaku Co and its competitors. For the Chemicals industry, the median Receivables Turnover is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiyo Kagaku Co's current Receivables Turnover is 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiyo Kagaku Co stock overvalued right now?
Based on GuruFocus' analysis, Taiyo Kagaku Co (NGO:2902) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,873.39, compared to a current price of 円2,628.00 — trading 40.3% above its estimated fair value. The current Receivables Turnover is 2.34 and 58.2% below the Chemicals industry median of 5.60. Taiyo Kagaku Co's overall GF Score™ is 79/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Taiyo Kagaku Co (NGO:2902), the current Receivables Turnover is 2.34 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Taiyo Kagaku Co (NGO:2902) Overvalued in 2026?
Based on GuruFocus' analysis, Taiyo Kagaku Co stock appears to be overvalued.
The current stock price of 円2,628.00 is trading 40.3% above its estimated GF Value™ of 円1,873.39.
GuruFocus considers Taiyo Kagaku Co to be Significantly Overvalued.
Key valuation signals for NGO:2902:
Receivables Turnover: 2.34
GF Value™: 円1,873.39 vs. price of 円2,628.00 (40.3% above fair value)
Industry Position: 58.2% below the Chemicals median (#1019 of 1577)
No single metric tells the full story. See the NGO:2902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiyo Kagaku Co Ltd is based in Japan. The company has three reportable segments: the Nutrition Business, the Interface Solutions Business, and the Natural Ingredients Business. The Nutrition Business manufactures and sells functional food ingredients such as catechin (green tea extract), theanine (a functional amino acid), and water-soluble dietary fiber, as well as mineral and vitamin preparations. The Interface Solutions Business manufactures and sells quality improvers such as emulsifiers. The Natural Ingredients Business manufactures and sells food ingredients such as egg products, protein ingredients, ingredients for instant foods, and processed agricultural products, as well as quality improvers and stabilizers.
79GF Score
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