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Chugokukogyo Co (TSE:5974) Receivables Turnover : 1.33 (As of Dec. 2023)


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What is Chugokukogyo 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. Chugokukogyo Co's Revenue for the three months ended in Dec. 2023 was 円4,302 Mil. Chugokukogyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円3,241 Mil. Hence, Chugokukogyo Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.33.


Chugokukogyo Co Receivables Turnover Historical Data

The historical data trend for Chugokukogyo 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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Chugokukogyo Co Receivables Turnover Chart

Chugokukogyo Co Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.66 3.85 3.78 3.83 3.83

Chugokukogyo Co 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 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 1.11 0.92 0.85 0.99 1.33

Competitive Comparison of Chugokukogyo Co's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Chugokukogyo 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.


Chugokukogyo Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chugokukogyo Co's Receivables Turnover distribution charts can be found below:

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



Chugokukogyo Co Receivables Turnover Calculation

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

Chugokukogyo Co's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Receivables Turnover (A: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2022 ) / ((Accounts Receivable (A: Mar. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count )
=12866 / ((3329 + 3392) / 2 )
=12866 / 3360.5
=3.83

Chugokukogyo Co'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 )
=4302 / ((2788 + 3693) / 2 )
=4302 / 3240.5
=1.33

* 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.


Chugokukogyo Co  (TSE:5974) 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.


Chugokukogyo Co Receivables Turnover Related Terms

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Chugokukogyo Co (TSE:5974) Business Description

Traded in Other Exchanges
N/A
Address
1-3-1, Hironada, Kure, JPN, 737-0192
Chugokukogyo Co Ltd manufactures and sells LP gas containers, storage tanks, and bulk storage tank; and designs, constructs, and inspects LP gas plants. It is also engaged in the manufacturing of iron structure products; FRP feed tank silage silos; FRP pharmaceutical tanks and covers; FRP automotive parts; and livestock products.

Chugokukogyo Co (TSE:5974) Headlines

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