Nankai Chemical Co (TSE:4040) Receivables Turnover : 1.42 (As of Dec. 2023)

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What is Nankai Chemical Co 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. Nankai Chemical Co's Revenue for the three months ended in Dec. 2023 was 円5,280 Mil. Nankai Chemical Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円3,723 Mil. Hence, Nankai Chemical Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.42.

Nankai Chemical Co Receivables Turnover Historical Data

The historical data trend for Nankai Chemical 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.

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Nankai Chemical Co Receivables Turnover Chart

Nankai Chemical Co Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

3.23

3.50

4.50

Nankai Chemical Co Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial			-	1.18	1.18	1.05	1.42

Competitive Comparison of Nankai Chemical Co's Receivables Turnover

For the Chemicals subindustry, Nankai Chemical 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.

Nankai Chemical Co's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Nankai Chemical Co's Receivables Turnover falls into.

Nankai Chemical Co Receivables Turnover Calculation

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

Nankai Chemical Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	19601	/ (	(4878	+	3840)	/	2 )
=	19601	/	4359
=	4.50

Nankai Chemical Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	5280	/ (	(3676	+	3769)	/	2 )
=	5280	/	3722.5
=	1.42

Nankai Chemical Co (TSE:4040) 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.

Nankai Chemical Co Receivables Turnover Related Terms

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Nankai Chemical Co (TSE:4040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nankai Chemical Co Ltd (TSE:4040) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-12-19 Minamihorie, Yotsubashi Star Building, Nishi-ku, Osaka, JPN, 550-0015

Website

https://www.nankai-chem.co.jp

Nankai Chemical Co Ltd is engaged in the manufacturing and sales of chemical products, agricultural products, quasi-drugs and food additives. collecting, transporting, and recycling of industrial wastes.

Nankai Chemical Co (TSE:4040) Headlines

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