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Hokuto (TSE:1379) Receivables Turnover : 2.49 (As of Sep. 2024)


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What is Hokuto 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. Hokuto's Revenue for the three months ended in Sep. 2024 was 円18,173 Mil. Hokuto's average Accounts Receivable for the three months ended in Sep. 2024 was 円7,297 Mil. Hence, Hokuto's Receivables Turnover for the three months ended in Sep. 2024 was 2.49.


Hokuto Receivables Turnover Historical Data

The historical data trend for Hokuto'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.

* Premium members only.

Hokuto Receivables Turnover Chart

Hokuto Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.30 12.69 12.06 12.00 11.19

Hokuto Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.58 2.73 2.45 2.24 2.49

Competitive Comparison of Hokuto's Receivables Turnover

For the Farm Products subindustry, Hokuto'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.


Hokuto's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hokuto's Receivables Turnover distribution charts can be found below:

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



Hokuto Receivables Turnover Calculation

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

Hokuto'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 )
=79426 / ((6250 + 7952) / 2 )
=79426 / 7101
=11.19

Hokuto's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=18173 / ((0 + 7297) / 1 )
=18173 / 7297
=2.49

* 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.


Hokuto  (TSE:1379) 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.


Hokuto Receivables Turnover Related Terms

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Hokuto Business Description

Traded in Other Exchanges
N/A
Address
138-1 Minamibori, Nagano, JPN, 381-8533
Hokuto Corp is a Japan-based company engaged in the manufacture and sale of mushrooms. The company operates through four segments namely Domestic mushroom business, Overseas mushroom business, Processed products business and Chemical products business. It offers various mushrooms products, including Ellinghi, Maitake, Bunashimeji, Bunapie, Milfing Millet and Book Shimeji. The company operates geographically across the United States of America, Taiwan, and Malaysia.

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