Sumitomo Heavy Industries (Sumitomo Heavy Industries) Receivables Turnover : 0.87 (As of Mar. 2024)

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What is Sumitomo Heavy Industries 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. Sumitomo Heavy Industries's Revenue for the three months ended in Mar. 2024 was $1,701 Mil. Sumitomo Heavy Industries's average Accounts Receivable for the three months ended in Mar. 2024 was $1,965 Mil. Hence, Sumitomo Heavy Industries's Receivables Turnover for the three months ended in Mar. 2024 was 0.87.

Sumitomo Heavy Industries Receivables Turnover Historical Data

The historical data trend for Sumitomo Heavy Industries'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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Sumitomo Heavy Industries Receivables Turnover Chart

Sumitomo Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

Receivables Turnover

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3.15

3.12

3.05

3.13

3.02

Sumitomo Heavy Industries 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															0.85	0.86	0.88	1.09	0.87

Competitive Comparison of Sumitomo Heavy Industries's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Sumitomo Heavy Industries'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.

Sumitomo Heavy Industries's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Sumitomo Heavy Industries's Receivables Turnover falls into.

Sumitomo Heavy Industries Receivables Turnover Calculation

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

Sumitomo Heavy Industries's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	7511.611	/ (	(2485.895	+	0)	/	1 )
=	7511.611	/	2485.895
=	3.02

Sumitomo Heavy Industries'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 )
=	1700.797	/ (	(2013.182	+	1917.412)	/	2 )
=	1700.797	/	1965.297
=	0.87

Sumitomo Heavy Industries (OTCPK:SOHVY) 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.

Sumitomo Heavy Industries Receivables Turnover Related Terms

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Sumitomo Heavy Industries (Sumitomo Heavy Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sumitomo Heavy Industries Ltd (OTCPK:SOHVY) » Definitions » Receivables Turnover

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6302:Japan

Address

ThinkPark Tower, 1-1 Osaki 2-chome, Shinagawa-ku, Tokyo, JPN, 141-6025

Website

http://www.shi.co.jp

Sumitomo Heavy Industries Ltd develops and manufactures a range of industrial machinery, from gearboxes to ships and large-scale plants. It offers power transmission and control systems, molding machinery, mobile cranes, turbines, and other industrial systems to optimize production. The company has six operating segments: machinery components, precision machinery, construction machinery, industrial machinery, ships, and environmental facilities and plants. Its segments collaborate, utilize research and development, and look for synergies to create new technologies or build on existing components. Japan accounts for approximately half of total revenue, with the remainder split between the United States, China, and other areas.