Kewpie (TSE:2809) Receivables Turnover : 1.85 (As of Feb. 2024)

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What is Kewpie 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. Kewpie's Revenue for the three months ended in Feb. 2024 was 円114,632 Mil. Kewpie's average Accounts Receivable for the three months ended in Feb. 2024 was 円62,049 Mil. Hence, Kewpie's Receivables Turnover for the three months ended in Feb. 2024 was 1.85.

Kewpie Receivables Turnover Historical Data

The historical data trend for Kewpie'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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Kewpie Receivables Turnover Chart

Kewpie Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Receivables Turnover

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6.79

6.75

6.23

7.40

7.34

Kewpie Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.85	1.91	1.78	1.78	1.85

Competitive Comparison of Kewpie's Receivables Turnover

For the Packaged Foods subindustry, Kewpie'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.

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

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

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

Kewpie Receivables Turnover Calculation

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

Kewpie's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Receivables Turnover (A: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Nov. 2023 )	/ (	(Accounts Receivable (A: Nov. 2022 )	+	Accounts Receivable (A: Nov. 2023 ))	/	count )
=	455086	/ (	(59414	+	64515)	/	2 )
=	455086	/	61964.5
=	7.34

Kewpie's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	114632	/ (	(64515	+	59582)	/	2 )
=	114632	/	62048.5
=	1.85

Kewpie (TSE:2809) 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.

Kewpie Receivables Turnover Related Terms

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Kewpie (TSE:2809) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kewpie Corp (TSE:2809) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KWPCF:USA QPJ:Germany

Address

4-13, Shibuya 1-chome, Shibuya-ku, Tokyo, JPN, 150-0002

Website

http://www.kewpie.co.jp

Kewpie Corp is a Japanese packaged-food company. Its business categories are condiments products, egg products, delicatessen products, processed foods, and fine chemical products. Through these business segments, the company offers dressing, vinegar, mayonnaise, liquid egg, frozen egg, rice balls, jams, pasta sauces, sweetcorn, baby food, and hyaluronic acid. The company has its own transportation and warehousing operations. Kewpie has operations in Japan and overseas in China, the United States, and Southeast Asia.

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