Panasonic Holdings (Panasonic Holdings) Receivables Turnover : 1.64 (As of Mar. 2024)

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What is Panasonic Holdings 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. Panasonic Holdings's Revenue for the three months ended in Mar. 2024 was $14,658 Mil. Panasonic Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was $8,933 Mil. Hence, Panasonic Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

Panasonic Holdings Receivables Turnover Historical Data

The historical data trend for Panasonic Holdings'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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Panasonic Holdings Receivables Turnover Chart

Panasonic Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.80

5.94

5.62

5.95

5.98

Panasonic Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.66	1.50	1.55	1.70	1.64

Competitive Comparison of Panasonic Holdings's Receivables Turnover

For the Consumer Electronics subindustry, Panasonic Holdings'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.

Panasonic Holdings's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Panasonic Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Panasonic Holdings's Receivables Turnover falls into.

Panasonic Holdings Receivables Turnover Calculation

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

Panasonic Holdings'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 )
=	56711.383	/ (	(9894.886	+	9084.653)	/	2 )
=	56711.383	/	9489.7695
=	5.98

Panasonic Holdings's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	14658.487	/ (	(8780.42	+	9084.653)	/	2 )
=	14658.487	/	8932.5365
=	1.64

Panasonic Holdings (OTCPK:PCRFF) 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.

Panasonic Holdings Receivables Turnover Related Terms

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Panasonic Holdings (Panasonic Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Panasonic Holdings Corp (OTCPK:PCRFF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

PCRFY:USA 6752:Japan MAT1:Germany MAT1:Austria

Address

1006, Oaza Kadoma, Kadoma-shi, Osaka, JPN, 571-8501

Website

https://holdings.panasonic

Panasonic Holdings is a conglomerate that has diversified from its consumer electronics roots. It has five main business units: lifestyle (white appliances and housing products); automotive (cockpit systems); connect (BtoB businesses); industry (FA products, electronic materials, and devices); and energy (rechargeable batteries). After the crisis in 2012, former president Kazuhiro Tsuga has focused on shifting the business portfolio to increase the proportion of B2B businesses to mitigate the tough competition in consumer electronics products.