Toagosei Co (Toagosei Co) Receivables Turnover : 0.77 (As of Mar. 2024)

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What is Toagosei 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. Toagosei Co's Revenue for the three months ended in Mar. 2024 was $260 Mil. Toagosei Co's average Accounts Receivable for the three months ended in Mar. 2024 was $338 Mil. Hence, Toagosei Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.77.

Toagosei Co Receivables Turnover Historical Data

The historical data trend for Toagosei 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.

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Toagosei Co Receivables Turnover Chart

Toagosei Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.35

3.33

3.40

3.00

3.06

Toagosei Co 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															0.79	0.80	0.81	0.88	0.77

Competitive Comparison of Toagosei Co's Receivables Turnover

For the Chemicals subindustry, Toagosei 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.

Toagosei Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Toagosei Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Toagosei Co's Receivables Turnover falls into.

Toagosei Co Receivables Turnover Calculation

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

Toagosei Co'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: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	1106.885	/ (	(369.478	+	354.921)	/	2 )
=	1106.885	/	362.1995
=	3.06

Toagosei Co'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 )
=	260.408	/ (	(354.921	+	320.468)	/	2 )
=	260.408	/	337.6945
=	0.77

Toagosei Co (OTCPK:TOAGF) 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.

Toagosei Co Receivables Turnover Related Terms

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Toagosei Co (Toagosei Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toagosei Co Ltd (OTCPK:TOAGF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

4045:Japan

Address

1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419

Website

http://www.toagosei.co.jp

Toagosei Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into four segments based on product type. The acrylic products segment, which generates more revenue than any other segment, sells acrylate esters, acrylic polymers, and UV-curable resins, which are used in paints, textiles and cosmetics, and electronics. The commodity chemicals segment sells caustic soda, sulfuric acid, and sodium hypochlorite, which are used to make paper, fertilizers, and water treatment products. The specialty chemicals segment sells adhesives, electronic materials, and construction materials. The plastics segment sells piping equipment and nursing care products. The majority of revenue comes from Japan.

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