Kureha (TSE:4023) Receivables Turnover : 1.44 (As of Sep. 2024)

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What is Kureha 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. Kureha's Revenue for the three months ended in Sep. 2024 was 円39,707 Mil. Kureha's average Accounts Receivable for the three months ended in Sep. 2024 was 円27,606 Mil. Hence, Kureha's Receivables Turnover for the three months ended in Sep. 2024 was 1.44.

Kureha Receivables Turnover Historical Data

The historical data trend for Kureha'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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Kureha Receivables Turnover Chart

Kureha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.82

5.11

5.26

5.65

5.03

Kureha Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.32	1.33	1.26	1.08	1.44

Competitive Comparison of Kureha's Receivables Turnover

For the Specialty Chemicals subindustry, Kureha'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.

Kureha's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Kureha's Receivables Turnover distribution charts can be found below:

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

Kureha Receivables Turnover Calculation

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

Kureha'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 )
=	177973	/ (	(31855	+	38919)	/	2 )
=	177973	/	35387
=	5.03

Kureha'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 )
=	39707	/ (	(0	+	27606)	/	1 )
=	39707	/	27606
=	1.44

Kureha (TSE:4023) 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.

Kureha Receivables Turnover Related Terms

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Kureha Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kureha Corp (TSE:4023) » Definitions » Receivables Turnover

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0K1:Germany

Address

3-3-2, Nihonbashi-Hamacho, Chuo-ku, Tokyo, JPN, 103-8552

Website

http://www.kureha.co.jp

Kureha Corp manufactures and sells chemicals and chemical-based products in four segments based on product type. The specialty plastics segment, which generates more revenue than any other segment, sells plastic wrap used by consumers to package food, as well as commercial food packaging and fishing line. The advanced materials segment sells plastics such as polyvinylidene fluoride used in electronic materials and for water treatment, as well as carbon used in lithium ion batteries and industrial insulation. The specialty chemicals segment sells pharmaceuticals, agricultural chemicals, and industrial chemicals. The construction and other operations segment provides construction, engineering, and logistics services.

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