Riken Vitamin Co (TSE:4526) Receivables Turnover : 1.10 (As of Sep. 2024)

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What is Riken Vitamin 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. Riken Vitamin Co's Revenue for the three months ended in Sep. 2024 was 円23,523 Mil. Riken Vitamin Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円21,414 Mil. Hence, Riken Vitamin Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.10.

Riken Vitamin Co Receivables Turnover Historical Data

The historical data trend for Riken Vitamin 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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Riken Vitamin Co Receivables Turnover Chart

Riken Vitamin Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.03

4.24

4.42

4.77

4.46

Riken Vitamin Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.09	0.99	1.07	1.10	1.15

Competitive Comparison of Riken Vitamin Co's Receivables Turnover

For the Packaged Foods subindustry, Riken Vitamin 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.

Riken Vitamin Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Riken Vitamin Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Riken Vitamin Co's Receivables Turnover falls into.

Riken Vitamin Co Receivables Turnover Calculation

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

Riken Vitamin 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 )
=	91484	/ (	(19151	+	21884)	/	2 )
=	91484	/	20517.5
=	4.46

Riken Vitamin Co'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 )
=	23523	/ (	(22295	+	20533)	/	2 )
=	23523	/	21414
=	1.10

Riken Vitamin Co (TSE:4526) 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.

Riken Vitamin Co Receivables Turnover Related Terms

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Riken Vitamin Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Riken Vitamin Co Ltd (TSE:4526) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

2-9-18 TDC Building, 11th-12th Floor, Chiyoda-ku, Tokyo, JPN, 101-8370

Website

https://www.rikenvitamin.jp

Riken Vitamin Co Ltd is a Japan based animal food manufacturing company. It is a developer and producer of a wide variety of improvers that is broadly used to improve the texture and quality of processed food. It is engaged in consumer and commercial foods, processed food ingredients, food chemicals for industrial uses and Vitamin production and sales. The company's food emulsifiers are used in various applications such as cakes, bread, noodles, ice cream, as well as fat and oil food product. In addition to emulsifiers, Riken Vitamin also provides a range of other food improvers for various purposes according to relevant consumer needs.

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