Kumiai Chemical Industry Co (TSE:4996) Receivables Turnover : 0.65 (As of Oct. 2024)

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What is Kumiai Chemical Industry 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. Kumiai Chemical Industry Co's Revenue for the three months ended in Oct. 2024 was 円31,849 Mil. Kumiai Chemical Industry Co's average Accounts Receivable for the three months ended in Oct. 2024 was 円48,844 Mil. Hence, Kumiai Chemical Industry Co's Receivables Turnover for the three months ended in Oct. 2024 was 0.65.

Kumiai Chemical Industry Co Receivables Turnover Historical Data

The historical data trend for Kumiai Chemical Industry 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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Kumiai Chemical Industry Co Receivables Turnover Chart

Kumiai Chemical Industry Co Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Receivables Turnover

Get a 7-Day Free Trial

3.96

3.84

3.48

3.77

3.95

Kumiai Chemical Industry Co Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Receivables Turnover	Get a 7-Day Free Trial															1.02	0.97	0.73	0.65	0.95

Competitive Comparison of Kumiai Chemical Industry Co's Receivables Turnover

For the Agricultural Inputs subindustry, Kumiai Chemical Industry 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.

Kumiai Chemical Industry Co's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Kumiai Chemical Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kumiai Chemical Industry Co's Receivables Turnover falls into.

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Kumiai Chemical Industry Co Receivables Turnover Calculation

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

Kumiai Chemical Industry Co's Receivables Turnover for the fiscal year that ended in Oct. 2024 is calculated as

	Receivables Turnover (A: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2024 )	/ (	(Accounts Receivable (A: Oct. 2023 )	+	Accounts Receivable (A: Oct. 2024 ))	/	count )
=	161049	/ (	(35751	+	45730)	/	2 )
=	161049	/	40740.5
=	3.95

Kumiai Chemical Industry Co's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

	Receivables Turnover (Q: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2024 )	+	Accounts Receivable (Q: Oct. 2024 ))	/	count )
=	31849	/ (	(51957	+	45730)	/	2 )
=	31849	/	48843.5
=	0.65

Kumiai Chemical Industry Co (TSE:4996) 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.

Kumiai Chemical Industry Co Receivables Turnover Related Terms

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Kumiai Chemical Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Kumiai Chemical Industry Co Ltd (TSE:4996) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-26, Ikenohata 1-chome, Taito-ku, Tokyo, JPN, 110-8782

Website

http://www.kumiai-chem.co.jp

Kumiai Chemical Industry Co Ltd is a crop protection company that has three business segments: Chemical products, Lease, and Others. The Chemical Products segment engages in the synthesis, manufacture and sale of crop protection products to the agriculture industry. The firm's product portfolio includes insecticides, herbicides, fungicides, plant growth regulators, and other pesticides. The Chemical products segment also accounts for nearly all of the firm's revenue and operating profits. The firm is based in Japan and generates revenue in over 50 countries throughout the world.

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