SK Kaken Co (TSE:4628) Receivables Turnover : 1.35 (As of Sep. 2024)

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What is SK Kaken 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. SK Kaken Co's Revenue for the three months ended in Sep. 2024 was 円25,867 Mil. SK Kaken Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円19,224 Mil. Hence, SK Kaken Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.35.

SK Kaken Co Receivables Turnover Historical Data

The historical data trend for SK Kaken 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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SK Kaken Co Receivables Turnover Chart

SK Kaken Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.01

5.03

5.33

5.50

5.47

SK Kaken 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															1.51	1.21	1.38	1.35	1.53

Competitive Comparison of SK Kaken Co's Receivables Turnover

For the Specialty Chemicals subindustry, SK Kaken 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.

SK Kaken Co's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where SK Kaken Co's Receivables Turnover falls into.

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SK Kaken Co Receivables Turnover Calculation

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

SK Kaken 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 )
=	100883	/ (	(17903	+	18950)	/	2 )
=	100883	/	18426.5
=	5.47

SK Kaken 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 )
=	25867	/ (	(19008	+	19439)	/	2 )
=	25867	/	19223.5
=	1.35

SK Kaken Co (TSE:4628) 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.

SK Kaken Co Receivables Turnover Related Terms

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SK Kaken Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SK Kaken Co Ltd (TSE:4628) » Definitions » Receivables Turnover

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Address

3-5-25, Nakahozumi, Ibaraki, Osaka, JPN, 567 0034

Website

http://www.sk-kaken.co.jp

SK Kaken Co Ltd is a building coating manufacturer based in Japan. Its main businesses are, Decorative Coatings business which is involved in the manufacturing and sales of organic/inorganic water-based painting material, synthetic resin coating, inorganic painting material, inorganic construction materials and special finisher things; Fireproof Insulated business is engaged in the manufacturing and sales of fireproof paints and contract of fireproof, insulated construction; and Other business engages in manufacturing and sales of various transformation goods and cleaning agents.

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