Nippon Soda Co (TSE:4041) Receivables Turnover : 1.01 (As of Dec. 2023)

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What is Nippon Soda 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. Nippon Soda Co's Revenue for the three months ended in Dec. 2023 was 円36,453 Mil. Nippon Soda Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円36,195 Mil. Hence, Nippon Soda Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.01.

Nippon Soda Co Receivables Turnover Historical Data

The historical data trend for Nippon Soda 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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Nippon Soda Co Receivables Turnover Chart

Nippon Soda Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

3.26

3.32

3.33

3.75

3.28

Nippon Soda Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.10	0.87	0.89	1.01	1.12

Competitive Comparison of Nippon Soda Co's Receivables Turnover

For the Chemicals subindustry, Nippon Soda 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.

Nippon Soda Co's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Nippon Soda Co's Receivables Turnover falls into.

Nippon Soda Co Receivables Turnover Calculation

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

Nippon Soda Co'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 )
=	154429	/ (	(43515	+	50755)	/	2 )
=	154429	/	47135
=	3.28

Nippon Soda 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 )
=	36453	/ (	(35317	+	37073)	/	2 )
=	36453	/	36195
=	1.01

Nippon Soda Co (TSE:4041) 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.

Nippon Soda Co Receivables Turnover Related Terms

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Nippon Soda Co (TSE:4041) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Soda Co Ltd (TSE:4041) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-1, Ohtemachi, Chiyoda-ku, Tokyo, JPN, 100-8165

Website

https://www.nippon-soda.co.jp

Nippon Soda manufactures and sells chemical products and operates in three major and three minor segments. The chemicals segment sells caustic soda, sodium derivatives, and specialty chemicals, which are used to make household cleaning products and pharmaceuticals. The agrochemicals segment sells pesticides, fungicides, and herbicides to the agricultural industry. The trading segment offers chemicals, synthetic resins, and industrial machineries and devices. The company generates additional revenue from its minor segments: transportation, warehousing, and construction services. These segments are engaged in the transportation and warehousing of chemical products, as well as in plant construction and civil engineering services.

Nippon Soda Co (TSE:4041) Headlines

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