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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. Meiji Electric Industries Co's Revenue for the
six
months ended in Mar. 2026 was 円39,615 Mil. Meiji Electric Industries Co's average Accounts Receivable for the
six
months ended in Mar. 2026 was 円16,103 Mil.
Hence, Meiji Electric Industries Co's Receivables Turnover for the
six
months ended in Mar. 2026 was 2.46.
Meiji Electric Industries Co (TSE:3388) 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.
Meiji Electric Industries Co Receivables Turnover Related Terms
Meiji Electric Industries Co Receivables Turnover Historical Data
* 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.
Meiji Electric Industries Co Receivables Turnover Chart
TSE:3388 vs COHR, KEYS, GRMN: Receivables Turnover Comparison
For the Scientific & Technical Instruments subindustry, Meiji Electric Industries 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.
Meiji Electric Industries Co Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Meiji Electric Industries Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Meiji Electric Industries Co's Receivables Turnover falls into.
* 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.
Meiji Electric Industries Co (TSE:3388) has a Receivables Turnover of 2.46 as of Mar. 2026. The accounts 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. View historical data on Meiji Electric Industries Co and its competitors. According to the industry distribution chart, Meiji Electric Industries Co ranks #1413 out of 2469 companies in the Hardware industry, placing it in the top 57.2%.
Is Meiji Electric Industries Co's Receivables Turnover too high?
Meiji Electric Industries Co's current Receivables Turnover is 2.46. The Hardware industry median Receivables Turnover is 4.90. Meiji Electric Industries Co's value of 2.46 is 49.8% below this industry median. Based on the distribution chart, Meiji Electric Industries Co ranks #1413 out of 2469 companies in the Hardware industry, which is below the industry midpoint. Overall, Meiji Electric Industries Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Meiji Electric Industries Co's Receivables Turnover compare to COHR and KEYS?
According to the Hardware industry distribution chart, Meiji Electric Industries Co ranks #1413 out of 2469 companies for Receivables Turnover. This places Meiji Electric Industries Co in the lower half of its industry. The industry median Receivables Turnover is 4.90. Meiji Electric Industries Co's value of 2.46 is 49.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,469 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Meiji Electric Industries Co's current Receivables Turnover of 2.46 is 49.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Meiji Electric Industries Co and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Electric Industries Co's current Receivables Turnover is 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Electric Industries Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Electric Industries Co (TSE:3388) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,594.28, compared to a current price of 円2,074.00 — trading 30.1% above its estimated fair value. The current Receivables Turnover is 2.46 and 49.8% below the Hardware industry median of 4.90. Meiji Electric Industries Co's overall GF Score™ is 67/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Meiji Electric Industries Co (TSE:3388), the current Receivables Turnover is 2.46 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Meiji Electric Industries Co (TSE:3388) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Electric Industries Co stock appears to be overvalued.
The current stock price of 円2,074.00 is trading 30.1% above its estimated GF Value™ of 円1,594.28.
GuruFocus considers Meiji Electric Industries Co to be Modestly Overvalued.
Key valuation signals for TSE:3388:
Receivables Turnover: 2.46
GF Value™: 円1,594.28 vs. price of 円2,074.00 (30.1% above fair value)
Industry Position: 49.8% below the Hardware median (#1413 of 2469)
No single metric tells the full story. See the TSE:3388 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Electric Industries Co Ltd is a distributor of factory automation components. It also sells functional parts for electric equipment and automatic power saving electrical appliances and instruments.
67GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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