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Toyo Asano Foundation Co (TSE:5271) Receivables Turnover : 1.22 (As of Feb. 2024)


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What is Toyo Asano Foundation 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. Toyo Asano Foundation Co's Revenue for the three months ended in Feb. 2024 was 円3,067 Mil. Toyo Asano Foundation Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円2,514 Mil. Hence, Toyo Asano Foundation Co's Receivables Turnover for the three months ended in Feb. 2024 was 1.22.


Toyo Asano Foundation Co Receivables Turnover Historical Data

The historical data trend for Toyo Asano Foundation 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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Toyo Asano Foundation Co Receivables Turnover Chart

Toyo Asano Foundation Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.85 5.67 5.39 6.22 6.67

Toyo Asano Foundation Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.83 1.51 1.46 1.95 1.22

Competitive Comparison of Toyo Asano Foundation Co's Receivables Turnover

For the Building Products & Equipment subindustry, Toyo Asano Foundation 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.


Toyo Asano Foundation Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Toyo Asano Foundation Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Toyo Asano Foundation Co's Receivables Turnover falls into.



Toyo Asano Foundation Co Receivables Turnover Calculation

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

Toyo Asano Foundation Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

Receivables Turnover (A: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2024 ) / ((Accounts Receivable (A: Feb. 2023 ) + Accounts Receivable (A: Feb. 2024 )) / count )
=15067.42 / ((2423.027 + 2098.217) / 2 )
=15067.42 / 2260.622
=6.67

Toyo Asano Foundation Co's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

Receivables Turnover (Q: Feb. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Feb. 2024 ) / ((Accounts Receivable (Q: Nov. 2023 ) + Accounts Receivable (Q: Feb. 2024 )) / count )
=3067.342 / ((2929.641 + 2098.217) / 2 )
=3067.342 / 2513.929
=1.22

* 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.


Toyo Asano Foundation Co  (TSE:5271) 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.


Toyo Asano Foundation Co Receivables Turnover Related Terms

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Toyo Asano Foundation Co (TSE:5271) Business Description

Traded in Other Exchanges
N/A
Address
315-2 Ichihara, Shizuoka Prefecture, Numazu, JPN, 410-0312
Toyo Asano Foundation Co Ltd is a Japan-based company engages in the manufacture and sale of concrete piles including fiberglass-reinforced concrete products.

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