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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. Densan Co's Revenue for the
six
months ended in Mar. 2026 was 円17,392 Mil. Densan Co's average Accounts Receivable for the
six
months ended in Mar. 2026 was 円8,063 Mil.
Hence, Densan Co's Receivables Turnover for the
six
months ended in Mar. 2026 was 2.16.
Densan Co (TSE:3640) 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.
Densan Co Receivables Turnover Related Terms
Densan Co Receivables Turnover Historical Data
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The historical data trend for Densan 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.
TSE:3640 vs NVDA, AVGO, MU: Receivables Turnover Comparison
For the Semiconductors subindustry, Densan 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.
Densan Co Receivables Turnover vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Densan Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Densan 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.
Densan Co (TSE:3640) has a Receivables Turnover of 2.16 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 Densan Co and its competitors. According to the industry distribution chart, Densan Co ranks #804 out of 1018 companies in the Semiconductors industry, placing it in the top 79%.
Is Densan Co's Receivables Turnover too high?
Densan Co's current Receivables Turnover is 2.16. The Semiconductors industry median Receivables Turnover is 5.79. Densan Co's value of 2.16 is 62.7% below this industry median. Based on the distribution chart, Densan Co ranks #804 out of 1018 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Densan Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Densan Co's Receivables Turnover compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Densan Co ranks #804 out of 1018 companies for Receivables Turnover. This places Densan Co in the lower half of its industry. The industry median Receivables Turnover is 5.79. Densan Co's value of 2.16 is 62.7% 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 Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.79, based on 1,018 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. Densan Co's current Receivables Turnover of 2.16 is 62.7% 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 Densan Co and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Densan Co's current Receivables Turnover is 2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Densan Co stock overvalued right now?
Based on GuruFocus' analysis, Densan Co (TSE:3640) is currently considered Fairly Valued. The stock's GF Value™ is 円2,542.70, compared to a current price of 円2,608.00 — trading 2.6% above its estimated fair value. The current Receivables Turnover is 2.16 and 62.7% below the Semiconductors industry median of 5.79. Densan Co's overall GF Score™ is 69/100. 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 Densan Co (TSE:3640), the current Receivables Turnover is 2.16 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 Densan Co (TSE:3640) Overvalued in 2026?
Based on GuruFocus' analysis, Densan Co stock appears to be overvalued.
The current stock price of 円2,608.00 is trading 2.6% above its estimated GF Value™ of 円2,542.70.
GuruFocus considers Densan Co to be Fairly Valued.
Key valuation signals for TSE:3640:
Receivables Turnover: 2.16
GF Value™: 円2,542.70 vs. price of 円2,608.00 (2.6% above fair value)
Industry Position: 62.7% below the Semiconductors median (#804 of 1018)
No single metric tells the full story. See the TSE:3640 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Densan Co Ltd is engaged in the development and provision of information systems and related services. Its reporting segments include the Public Sector and the Industrial Sector. In the Public Sector, it serves local governments and related organizations by developing, selling, and supporting package systems, as well as offering equipment sales and information processing services. The Industrial Sector focuses on private enterprises and medical and welfare institutions, offering software development, equipment sales, and various information services. It also includes internet connectivity services for general consumers. It generates the majority of its revenue from the Public Sector segment.
69GF Score
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