Taiheiyo Cement (Taiheiyo Cement) Receivables Turnover : 1.35 (As of Dec. 2023)

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What is Taiheiyo Cement 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. Taiheiyo Cement's Revenue for the three months ended in Dec. 2023 was $1,678 Mil. Taiheiyo Cement's average Accounts Receivable for the three months ended in Dec. 2023 was $1,243 Mil. Hence, Taiheiyo Cement's Receivables Turnover for the three months ended in Dec. 2023 was 1.35.

Taiheiyo Cement Receivables Turnover Historical Data

The historical data trend for Taiheiyo Cement'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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Taiheiyo Cement Receivables Turnover Chart

Taiheiyo Cement Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.93

5.30

5.70

4.74

5.07

Taiheiyo Cement 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															1.34	1.23	1.19	1.30	1.35

Competitive Comparison of Taiheiyo Cement's Receivables Turnover

For the Building Materials subindustry, Taiheiyo Cement'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.

Taiheiyo Cement's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Taiheiyo Cement's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Taiheiyo Cement's Receivables Turnover falls into.

Taiheiyo Cement Receivables Turnover Calculation

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

Taiheiyo Cement'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 )
=	6056.531	/ (	(1207.464	+	1183.083)	/	2 )
=	6056.531	/	1195.2735
=	5.07

Taiheiyo Cement'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 )
=	1678.132	/ (	(1209.294	+	1276.101)	/	2 )
=	1678.132	/	1242.6975
=	1.35

Taiheiyo Cement (OTCPK:THYCY) 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.

Taiheiyo Cement Receivables Turnover Related Terms

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Taiheiyo Cement (Taiheiyo Cement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiheiyo Cement Corp (OTCPK:THYCY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

THYCF:USA 5233:Japan

Address

Daiba Garden City Building, 2-3-5, Daiba, Minato-ku, Tokyo, JPN, 104-8518

Website

http://www.taiheiyo-cement.co.jp

Taiheiyo Cement Corp manufactures and sells construction materials to the building, construction, and infrastructure industries. The company also generates biomass power. The firm organizes itself in six segments based on function and location: Cement, Mineral Resources, Environmental, Construction Materials, Ceramics, and Electronics. The Cement segment, which generates the majority of revenue, sells cement, ready-mix concrete. The Mineral Resources segment extracts and sells limestone and construction materials. The Environmental segment turns waste into power and cement and sells desulfurization products to coal power plants. The majority of revenue is generated in Asia and the United States.

Taiheiyo Cement (Taiheiyo Cement) Headlines

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