Ecology and Combustion (NGO:6225) Receivables Turnover : 1.18 (As of Jan. 2024)

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What is Ecology and Combustion 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. Ecology and Combustion's Revenue for the three months ended in Jan. 2024 was 円537 Mil. Ecology and Combustion's average Accounts Receivable for the three months ended in Jan. 2024 was 円454 Mil. Hence, Ecology and Combustion's Receivables Turnover for the three months ended in Jan. 2024 was 1.18.

Ecology and Combustion Receivables Turnover Historical Data

The historical data trend for Ecology and Combustion'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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Ecology and Combustion Receivables Turnover Chart

Ecology and Combustion Annual Data

Trend

Jul22

Jul23

Receivables Turnover

2.96

4.88

Ecology and Combustion Quarterly Data
	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial			1.58	1.06	1.31	0.74	1.18

Competitive Comparison of Ecology and Combustion's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Ecology and Combustion'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.

Ecology and Combustion's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ecology and Combustion's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ecology and Combustion's Receivables Turnover falls into.

Ecology and Combustion Receivables Turnover Calculation

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

Ecology and Combustion's Receivables Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Receivables Turnover (A: Jul. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2023 )	/ (	(Accounts Receivable (A: Jul. 2022 )	+	Accounts Receivable (A: Jul. 2023 ))	/	count )
=	2381.854	/ (	(506.728	+	470.256)	/	2 )
=	2381.854	/	488.492
=	4.88

Ecology and Combustion's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	537.443	/ (	(409.242	+	497.908)	/	2 )
=	537.443	/	453.575
=	1.18

Ecology and Combustion (NGO:6225) 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.

Ecology and Combustion Receivables Turnover Related Terms

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Ecology and Combustion (NGO:6225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ecology and Combustion Inc (NGO:6225) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-5-6 Shinmiyakoda (Hamamatsu Technopolis), Kita-Ku, Hamamatsu, JPN, 4312103

Website

https://www.ecom-jp.co.jp

Ecology and Combustion Inc is engaged in the development, design, manufacture and maintenance of heating equipment. It develops, design, manufacture, and maintain deodorizing equipment, aluminum melting/holding furnaces, drying furnaces, heat treatment furnaces, and burners.

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