Panasonic Manufacturing Philippines (PHS:PMPC) Receivables Turnover : 1.89 (As of Dec. 2023)

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What is Panasonic Manufacturing Philippines 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 Manufacturing Philippines's Revenue for the three months ended in Dec. 2023 was ₱3,099 Mil. Panasonic Manufacturing Philippines's average Accounts Receivable for the three months ended in Dec. 2023 was ₱1,643 Mil. Hence, Panasonic Manufacturing Philippines's Receivables Turnover for the three months ended in Dec. 2023 was 1.89.

Panasonic Manufacturing Philippines Receivables Turnover Historical Data

The historical data trend for Panasonic Manufacturing Philippines'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 Manufacturing Philippines Receivables Turnover Chart

Panasonic Manufacturing Philippines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.56

8.15

8.02

8.17

8.79

Panasonic Manufacturing Philippines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.16	2.65	2.13	2.25	1.89

Competitive Comparison of Panasonic Manufacturing Philippines's Receivables Turnover

For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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 Manufacturing Philippines's Receivables Turnover Distribution in the Hardware Industry

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

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

Panasonic Manufacturing Philippines Receivables Turnover Calculation

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

Panasonic Manufacturing Philippines's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	15178.323	/ (	(1696.072	+	1759.237)	/	2 )
=	15178.323	/	1727.6545
=	8.79

Panasonic Manufacturing Philippines's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3099.454	/ (	(1387.134	+	1898.141)	/	2 )
=	3099.454	/	1642.6375
=	1.89

Panasonic Manufacturing Philippines (PHS:PMPC) 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 Manufacturing Philippines Receivables Turnover Related Terms

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Panasonic Manufacturing Philippines (PHS:PMPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Panasonic Manufacturing Philippines Corp (PHS:PMPC) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Ortigas Avenue Extension, Barrio Mapandan, Barangay San Isidro, Rizal, Taytay, RIZ, PHL, 1920

Website

https://www.panasonic.com/ph

Panasonic Manufacturing Philippines Corp company is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Life Solutions includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. The Consumer segment generates maximum revenue for the company. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hongkong, and Taiwan.

Panasonic Manufacturing Philippines (PHS:PMPC) Headlines

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