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Kameda Seika Co (TSE:2220) Receivables Turnover : 2.12 (As of Sep. 2024)


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What is Kameda Seika 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. Kameda Seika Co's Revenue for the three months ended in Sep. 2024 was 円24,494 Mil. Kameda Seika Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円11,539 Mil. Hence, Kameda Seika Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.12.


Kameda Seika Co Receivables Turnover Historical Data

The historical data trend for Kameda Seika 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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Kameda Seika Co Receivables Turnover Chart

Kameda Seika Co 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 8.18 8.45 6.80 7.08 6.64

Kameda Seika Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.94 1.68 1.59 2.12 2.05

Competitive Comparison of Kameda Seika Co's Receivables Turnover

For the Packaged Foods subindustry, Kameda Seika 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.


Kameda Seika Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

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

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


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Kameda Seika Co Receivables Turnover Calculation

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

Kameda Seika 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 )
=95534 / ((13654 + 15114) / 2 )
=95534 / 14384
=6.64

Kameda Seika Co'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 )
=24494 / ((0 + 11539) / 1 )
=24494 / 11539
=2.12

* 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.


Kameda Seika Co  (TSE:2220) 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.


Kameda Seika Co Receivables Turnover Related Terms

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Kameda Seika Co Business Description

Traded in Other Exchanges
N/A
Address
3-1-1, Kangnam-gu, Niigata, JPN, 950-0198
Kameda Seika Co Ltd is a manufacturer of rice market confection. The company's product portfolio includes soft rice cracker, hard rice cracker, jealous, hailstone, appetizers, seaweed roll, fried rice crackers, baby sweets, fusion, Kameda's special rice, other sweets and healthcare products. It sells its products to supermarkets and convenience stores such as Kameda Seika and Nissin confectionery.

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