Krosaki Harima (TSE:5352) Receivables Turnover : 0.73 (As of Dec. 2023)

View and export this data going back to 1949. Start your Free Trial

What is Krosaki Harima 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. Krosaki Harima's Revenue for the three months ended in Dec. 2023 was 円44,950 Mil. Krosaki Harima's average Accounts Receivable for the three months ended in Dec. 2023 was 円61,827 Mil. Hence, Krosaki Harima's Receivables Turnover for the three months ended in Dec. 2023 was 0.73.

Krosaki Harima Receivables Turnover Historical Data

The historical data trend for Krosaki Harima'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.

* Premium members only.

Krosaki Harima Receivables Turnover Chart

Krosaki Harima Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

2.73

2.50

3.04

3.31

2.98

Krosaki Harima 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															0.79	0.79	0.73	0.73	0.68

Competitive Comparison of Krosaki Harima's Receivables Turnover

For the Building Materials subindustry, Krosaki Harima'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.

Krosaki Harima's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Krosaki Harima's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Krosaki Harima's Receivables Turnover falls into.

Krosaki Harima Receivables Turnover Calculation

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

Krosaki Harima'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 )
=	177029	/ (	(55180	+	63677)	/	2 )
=	177029	/	59428.5
=	2.98

Krosaki Harima's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	44950	/ (	(62117	+	61536)	/	2 )
=	44950	/	61826.5
=	0.73

Krosaki Harima (TSE:5352) 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.

Krosaki Harima Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Krosaki Harima's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Krosaki Harima (TSE:5352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Krosaki Harima Corp (TSE:5352) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

5352:Japan

Address

1-1, Higashihama-machi, Yahatanishi-ku, Kitakyushu, JPN, 806-8586

Website

http://www.krosaki.co.jp

Krosaki Harima Corp manufactures and sells refractory and ceramic products. Its refractory products include blast furnace, hot stove, coke oven, torpedo ladle, electric arc furnace, steel ladle, and continuous casting refractories, as well as oxygen converter refractories for basic oxygen steelmaking processes, and monolithic refractories for furnace repair/equipment; and walking beam and hearth, pusher, rotary hearth, double walking beam, roller hearth, batch-type reheating, tunnel kiln, and other industrial furnaces. It also provides advanced ceramic materials, including low thermal expansion, oxide engineering, and machinable ceramics; thin flat heaters, hot plates, and jacket heaters. In addition, it is involved in the furnace construction and maintenance activities.

Krosaki Harima (TSE:5352) Headlines

No Headlines