Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Ichikawa Co's Revenue for the
three
months ended in Mar. 2026 was 円3,963 Mil. Ichikawa Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was 円5,069 Mil.
Hence, Ichikawa Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.78.
Ichikawa Co (TSE:3513) 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.
Ichikawa Co Receivables Turnover Related Terms
Ichikawa Co Receivables Turnover Historical Data
* Premium members only.
The historical data trend for Ichikawa 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.
Ichikawa Co Receivables Turnover Competitor Comparison
For the Paper & Paper Products subindustry, Ichikawa 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.
Ichikawa Co Receivables Turnover vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Ichikawa Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Ichikawa 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.
Ichikawa Co (TSE:3513) has a Receivables Turnover of 0.78 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 Ichikawa Co and its competitors. According to the industry distribution chart, Ichikawa Co ranks #249 out of 281 companies in the Forest Products industry, placing it in the top 88.6%.
Is Ichikawa Co's Receivables Turnover too high?
Ichikawa Co's current Receivables Turnover is 0.78. The Forest Products industry median Receivables Turnover is 6.69. Ichikawa Co's value of 0.78 is 88.3% below this industry median. Based on the distribution chart, Ichikawa Co ranks #249 out of 281 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Ichikawa Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ichikawa Co's Receivables Turnover compare to competitors?
According to the Forest Products industry distribution chart, Ichikawa Co ranks #249 out of 281 companies for Receivables Turnover. This places Ichikawa Co in the lower half of its industry. The industry median Receivables Turnover is 6.69. Ichikawa Co's value of 0.78 is 88.3% 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 Forest Products company?
The median Receivables Turnover among Forest Products companies is 6.69, based on 281 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. Ichikawa Co's current Receivables Turnover of 0.78 is 88.3% 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 Ichikawa Co and its competitors. For the Forest Products industry, the median Receivables Turnover is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichikawa Co's current Receivables Turnover is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichikawa Co stock overvalued right now?
Based on GuruFocus' analysis, Ichikawa Co (TSE:3513) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,968.12, compared to a current price of 円3,350.00 — trading 70.2% above its estimated fair value. The current Receivables Turnover is 0.78 and 88.3% below the Forest Products industry median of 6.69. Ichikawa Co's overall GF Score™ is 56/100 with 1 warning sign 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 Ichikawa Co (TSE:3513), the current Receivables Turnover is 0.78 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 Ichikawa Co (TSE:3513) Overvalued in 2026?
Based on GuruFocus' analysis, Ichikawa Co stock appears to be overvalued.
The current stock price of 円3,350.00 is trading 70.2% above its estimated GF Value™ of 円1,968.12.
GuruFocus considers Ichikawa Co to be Significantly Overvalued.
Key valuation signals for TSE:3513:
Receivables Turnover: 0.78
GF Value™: 円1,968.12 vs. price of 円3,350.00 (70.2% above fair value)
Industry Position: 88.3% below the Forest Products median (#249 of 281)
No single metric tells the full story. See the TSE:3513 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.
56GF Score
Get the complete analysis for TSE:3513
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3513 has been successfully added to your 
