Ahresty (TSE:5852) Receivables Turnover : 1.33 (As of Dec. 2023)

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What is Ahresty 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. Ahresty's Revenue for the three months ended in Dec. 2023 was 円41,062 Mil. Ahresty's average Accounts Receivable for the three months ended in Dec. 2023 was 円30,880 Mil. Hence, Ahresty's Receivables Turnover for the three months ended in Dec. 2023 was 1.33.

Ahresty Receivables Turnover Historical Data

The historical data trend for Ahresty'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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Ahresty Receivables Turnover Chart

Ahresty Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.17

5.98

4.82

4.92

5.24

Ahresty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.38	1.33	1.34	1.30	1.33

Competitive Comparison of Ahresty's Receivables Turnover

For the Metal Fabrication subindustry, Ahresty'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.

Ahresty's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ahresty's Receivables Turnover distribution charts can be found below:

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

Ahresty Receivables Turnover Calculation

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

Ahresty's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	140938	/ (	(26631	+	27140)	/	2 )
=	140938	/	26885.5
=	5.24

Ahresty'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 )
=	41062	/ (	(31581	+	30179)	/	2 )
=	41062	/	30880
=	1.33

Ahresty (TSE:5852) 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.

Ahresty Receivables Turnover Related Terms

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Ahresty (TSE:5852) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ahresty Corp (TSE:5852) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-38-1, Chuo, Sumitomo-Nakanosakaue Building 11F, Nakano-ku, Tokyo, JPN, 164-0011

Website

http://www.ahresty.co.jp

Ahresty Corp is a Japan-based company engaged in the manufacture of die castings. The company operates in three business segments. Its Die casting business segment is mainly involved in production and sales of auto parts, general engine parts, industrial machinery parts, and dies particularly in Japan, North America, and Asia. The Aluminum business segment is comprised of smelting and sales of aluminum alloy ingots. Its Proprietary products business segment covers marketing access floors and its accessories.

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