LIXIL (TSE:5938) Receivables Turnover : 1.34 (As of Sep. 2024)

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What is LIXIL 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. LIXIL's Revenue for the three months ended in Sep. 2024 was 円369,962 Mil. LIXIL's average Accounts Receivable for the three months ended in Sep. 2024 was 円276,102 Mil. Hence, LIXIL's Receivables Turnover for the three months ended in Sep. 2024 was 1.34.

LIXIL Receivables Turnover Historical Data

The historical data trend for LIXIL'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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LIXIL Receivables Turnover Chart

LIXIL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.27

4.66

5.06

5.23

5.01

LIXIL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.27	1.28	1.18	1.23	1.34

Competitive Comparison of LIXIL's Receivables Turnover

For the Building Products & Equipment subindustry, LIXIL'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.

LIXIL's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, LIXIL's Receivables Turnover distribution charts can be found below:

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

LIXIL Receivables Turnover Calculation

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

LIXIL'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 )
=	1483224	/ (	(291736	+	300179)	/	2 )
=	1483224	/	295957.5
=	5.01

LIXIL's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	369962	/ (	(0	+	276102)	/	1 )
=	369962	/	276102
=	1.34

LIXIL (TSE:5938) 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.

LIXIL Receivables Turnover Related Terms

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LIXIL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » LIXIL Corp (TSE:5938) » Definitions » Receivables Turnover

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Traded in Other Exchanges

JSGRY:USA 5938:Japan TJS:Germany TJS:Germany

Address

Osaki Garden Tower, 1-1 Nishi-Shinagawa 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0033

Website

https://www.lixil-group.co.jp

LIXIL Corp manufactures and sells building and housing materials globally through two primary segments based on location. The company's product portfolio includes building materials, doors, shutters, plumbing fixtures, equipment, curtain walls, faucets, and bathtubs. The domestic business segment, which generates the majority of revenue, sells its products throughout Japan through retail and distribution centers. The segment also sells and manages real estate. The overseas business segment sells products throughout Asia and North America. Bathroom products in North America are sold under the American Standard brand.

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