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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. Shinwa Co's Revenue for the
six
months ended in Mar. 2026 was 円10,236 Mil. Shinwa Co's average Accounts Receivable for the
six
months ended in Mar. 2026 was 円3,712 Mil.
Hence, Shinwa Co's Receivables Turnover for the
six
months ended in Mar. 2026 was 2.76.
Shinwa Co (NGO:3447) 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.
Shinwa Co Receivables Turnover Related Terms
Shinwa Co Receivables Turnover Historical Data
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The historical data trend for Shinwa 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:3447 vs CRS, ATI, MLI: Receivables Turnover Comparison
For the Metal Fabrication subindustry, Shinwa 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.
Shinwa Co Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Shinwa Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shinwa 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.
Shinwa Co (NGO:3447) has a Receivables Turnover of 2.76 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 Shinwa Co and its competitors. According to the industry distribution chart, Shinwa Co ranks #1204 out of 3034 companies in the Industrial Products industry, placing it in the top 39.7%.
Is Shinwa Co's Receivables Turnover too high?
Shinwa Co's current Receivables Turnover is 2.76. The Industrial Products industry median Receivables Turnover is 4.45. Shinwa Co's value of 2.76 is 38% below this industry median. Based on the distribution chart, Shinwa Co ranks #1204 out of 3034 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Shinwa Co has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Shinwa Co's Receivables Turnover compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Shinwa Co ranks #1204 out of 3034 companies for Receivables Turnover. This puts Shinwa Co in the upper half of its industry. The industry median Receivables Turnover is 4.45. Shinwa Co's value of 2.76 is 38% 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 an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.45, based on 3,034 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. Shinwa Co's current Receivables Turnover of 2.76 is 38% 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 Shinwa Co and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinwa Co's current Receivables Turnover is 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinwa Co stock overvalued right now?
Shinwa Co (NGO:3447) has a current Receivables Turnover of 2.76. The stock's GF Value™ is 円994.25, compared to a current price of 円886.00 — trading 10.9% below its estimated fair value. The current Receivables Turnover is 2.76 and 38% below the Industrial Products industry median of 4.45. Shinwa Co's overall GF Score™ is 71/100 with 5 warning signs to review. 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 Shinwa Co (NGO:3447), the current Receivables Turnover is 2.76 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 Shinwa Co (NGO:3447) Overvalued in 2026?
Based on GuruFocus' analysis, Shinwa Co stock appears to be undervalued.
The current stock price of 円886.00 is trading 10.9% below its estimated GF Value™ of 円994.25.
Key valuation signals for NGO:3447:
Receivables Turnover: 2.76
GF Value™: 円994.25 vs. price of 円886.00 (10.9% below fair value)
Industry Position: 38% below the Industrial Products median (#1204 of 3034)
No single metric tells the full story. See the NGO:3447 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinwa Co Ltd is a Japan-based company offering temporary construction materials and distribution equipment. Products offered by the company include Shinwa catcher, Shinwa pallet, logistics equipment and other safety equipment such as preceding handrail safe hangers, baseboard safe angles, simple lift handling boxes.
71GF Score
Get the complete analysis for NGO:3447
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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