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OKIEF (Oki Electric Industry Co) Receivables Turnover : 1.13 (As of Sep. 2024)


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What is Oki Electric Industry 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. Oki Electric Industry Co's Revenue for the three months ended in Sep. 2024 was $698 Mil. Oki Electric Industry Co's average Accounts Receivable for the three months ended in Sep. 2024 was $615 Mil. Hence, Oki Electric Industry Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.13.


Oki Electric Industry Co Receivables Turnover Historical Data

The historical data trend for Oki Electric Industry 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.

* Premium members only.

Oki Electric Industry Co Receivables Turnover Chart

Oki Electric Industry Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.26 3.61 3.36 3.67 3.83

Oki Electric Industry Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 1.24 1.25 0.81 1.13

Competitive Comparison of Oki Electric Industry Co's Receivables Turnover

For the Communication Equipment subindustry, Oki Electric Industry 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.


Oki Electric Industry Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Oki Electric Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Oki Electric Industry Co's Receivables Turnover falls into.



Oki Electric Industry Co Receivables Turnover Calculation

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

Oki Electric Industry Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=2815.765 / ((707.728 + 761.688) / 2 )
=2815.765 / 734.708
=3.83

Oki Electric Industry Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=697.602 / ((0 + 615.079) / 1 )
=697.602 / 615.079
=1.13

* 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.


Oki Electric Industry Co  (OTCPK:OKIEF) 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.


Oki Electric Industry Co Receivables Turnover Related Terms

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Oki Electric Industry Co Business Description

Traded in Other Exchanges
Address
1-7-12 Toranomon, Minato-ku, Tokyo, JPN, 105-8460
Oki Electric Industry Co Ltd is a Japanese manufacturer of telecommunications and printer products to telecommunication carriers, financial institutions, government agencies, and corporations. Its business is organized by product line into: information and communication technology, including traffic infrastructure-, disaster-, and self defense-related systems; mechatronics systems, including ATMs, cash handling equipment, and bank branch terminals; printers, including color printers, wide-format inkjets, and multifunction printers; and electronics manufacturing services for industrial, medical, and communications equipment.

Oki Electric Industry Co Headlines

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