Toho Zinc Co (Toho Zinc Co) Receivables Turnover : 2.30 (As of Dec. 2023)

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What is Toho Zinc 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. Toho Zinc Co's Revenue for the three months ended in Dec. 2023 was $245.8 Mil. Toho Zinc Co's average Accounts Receivable for the three months ended in Dec. 2023 was $106.9 Mil. Hence, Toho Zinc Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.30.

Toho Zinc Co Receivables Turnover Historical Data

The historical data trend for Toho Zinc 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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Toho Zinc Co Receivables Turnover Chart

Toho Zinc Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.04

8.34

7.55

8.11

7.79

Toho Zinc 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															2.03	1.78	1.77	2.30	2.12

Competitive Comparison of Toho Zinc Co's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, Toho Zinc 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.

Toho Zinc Co's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Toho Zinc Co's Receivables Turnover distribution charts can be found below:

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

Toho Zinc Co Receivables Turnover Calculation

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

Toho Zinc Co'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 )
=	873.076	/ (	(120.66	+	103.472)	/	2 )
=	873.076	/	112.066
=	7.79

Toho Zinc Co'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 )
=	245.789	/ (	(105.996	+	107.833)	/	2 )
=	245.789	/	106.9145
=	2.30

Toho Zinc Co (OTCPK:TOHZF) 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.

Toho Zinc Co Receivables Turnover Related Terms

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Toho Zinc Co (Toho Zinc Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toho Zinc Co Ltd (OTCPK:TOHZF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

5707:Japan T62:Germany

Address

1-8-2 Marunouchi, Tekko Building, Chiyoda-ku, Tokyo, JPN, 100-8207

Website

http://www.toho-zinc.co.jp

Toho Zinc Co Ltd is engaged in smelting and refining of non-ferrous metals and supplier of zinc products. Its products portfolio consists of zinc powder, Cadmium Oxide, Sulfuric Acid, Electrolytic Zinc, and Zinc Alloys for Die Casting. The company's segments include Smelting, Mineral resources, Electronic components, and Environment and recycling. The majority of the company's revenue is derived from sale and production of zinc and lead products, electric silver and sulfuric acid. The company operates in Japan, Asia, and Oceania.

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