Artience Co (TSE:4634) Receivables Turnover : 0.79 (As of Mar. 2024)

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What is Artience 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. Artience Co's Revenue for the three months ended in Mar. 2024 was 円81,727 Mil. Artience Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円103,873 Mil. Hence, Artience Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.79.

Artience Co Receivables Turnover Historical Data

The historical data trend for Artience 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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Artience Co Receivables Turnover Chart

Artience Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.01

2.91

3.17

3.25

3.17

Artience 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															0.76	0.80	0.83	0.81	0.79

Competitive Comparison of Artience Co's Receivables Turnover

For the Specialty Chemicals subindustry, Artience 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.

Artience Co's Receivables Turnover Distribution in the Chemicals Industry

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

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

Artience Co Receivables Turnover Calculation

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

Artience Co's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	322122	/ (	(100390	+	102930)	/	2 )
=	322122	/	101660
=	3.17

Artience Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	81727	/ (	(102930	+	104816)	/	2 )
=	81727	/	103873
=	0.79

Artience Co (TSE:4634) 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.

Artience Co Receivables Turnover Related Terms

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Artience Co (TSE:4634) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Artience Co Ltd (TSE:4634) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

3-13 Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-8377

Website

https://schd.toyoinkgroup.com

Artience Co Ltd is a holding company whose subsidiaries manufacture and sell a variety of chemicals and inks. The firm organizes itself into various segments based on product type. The printing and information segment, which generates the Most revenue, sells printing inks used for ink-jet printers, newspapers, magazines, and other printed materials. The colorants and functional materials segment sells pigments, plastic colorants, and liquid crystal display color filter materials. The polymers and coatings segments sells coatings, adhesives, plastic resins, and can coatings. The packaging materials segment sells packaging inks used for food and consumer goods packaging. Most of Toyo Ink's revenue comes from Japan.

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