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Kawakami Paint Manufacturing Co (TSE:4616) Receivables Turnover : 1.34 (As of May. 2024)


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What is Kawakami Paint Manufacturing 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. Kawakami Paint Manufacturing Co's Revenue for the three months ended in May. 2024 was 円1,475 Mil. Kawakami Paint Manufacturing Co's average Accounts Receivable for the three months ended in May. 2024 was 円1,102 Mil. Hence, Kawakami Paint Manufacturing Co's Receivables Turnover for the three months ended in May. 2024 was 1.34.


Kawakami Paint Manufacturing Co Receivables Turnover Historical Data

The historical data trend for Kawakami Paint Manufacturing 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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Kawakami Paint Manufacturing Co Receivables Turnover Chart

Kawakami Paint Manufacturing Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.41 2.24 2.89 3.06 4.02

Kawakami Paint Manufacturing Co Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.90 1.31 1.24 1.34

Competitive Comparison of Kawakami Paint Manufacturing Co's Receivables Turnover

For the Specialty Chemicals subindustry, Kawakami Paint Manufacturing 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.


Kawakami Paint Manufacturing Co's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Kawakami Paint Manufacturing Co's Receivables Turnover falls into.



Kawakami Paint Manufacturing Co Receivables Turnover Calculation

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

Kawakami Paint Manufacturing Co's Receivables Turnover for the fiscal year that ended in Nov. 2023 is calculated as

Receivables Turnover (A: Nov. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Nov. 2023 ) / ((Accounts Receivable (A: Nov. 2022 ) + Accounts Receivable (A: Nov. 2023 )) / count )
=6142.59 / ((1874.222 + 1179.148) / 2 )
=6142.59 / 1526.685
=4.02

Kawakami Paint Manufacturing Co's Receivables Turnover for the quarter that ended in May. 2024 is calculated as

Receivables Turnover (Q: May. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: May. 2024 ) / ((Accounts Receivable (Q: Feb. 2024 ) + Accounts Receivable (Q: May. 2024 )) / count )
=1474.837 / ((1146.422 + 1057.383) / 2 )
=1474.837 / 1101.9025
=1.34

* 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.


Kawakami Paint Manufacturing Co  (TSE:4616) 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.


Kawakami Paint Manufacturing Co Receivables Turnover Related Terms

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Kawakami Paint Manufacturing Co Business Description

Traded in Other Exchanges
Address
Number 41, No. 1-chome, Amagasaki, Tsukaguchihon, Hyogo, JPN, 661-0001
Kawakami Paint Manufacturing Co Ltd is engaged in manufacturing and selling various paints in Japan. Its products include heat insulation paints, ultra-low temperature powder, and water-based paints; and general purpose building paints, as well as floor coatings, building interior and exterior paints, aqueous paint, and rustproof paint.

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