NPR-Riken (TSE:6209) Receivables Turnover : 1.06 (As of Jun. 2024)

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What is NPR-Riken 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. NPR-Riken's Revenue for the three months ended in Jun. 2024 was 円41,114 Mil. NPR-Riken's average Accounts Receivable for the three months ended in Jun. 2024 was 円38,709 Mil. Hence, NPR-Riken's Receivables Turnover for the three months ended in Jun. 2024 was 1.06.

NPR-Riken Receivables Turnover Historical Data

The historical data trend for NPR-Riken'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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NPR-Riken Receivables Turnover Chart

NPR-Riken Annual Data

Trend

Mar24

Receivables Turnover

3.58

NPR-Riken Quarterly Data
	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	-	1.06	1.06	1.16

Competitive Comparison of NPR-Riken's Receivables Turnover

For the Auto Parts subindustry, NPR-Riken'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.

NPR-Riken's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, NPR-Riken's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NPR-Riken's Receivables Turnover falls into.

NPR-Riken Receivables Turnover Calculation

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

NPR-Riken'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: . 20 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	138586	/ (	(	+	38709)	/	1 )
=	138586	/	38709
=	3.58

NPR-Riken's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	41114	/ (	(38709	+	0)	/	1 )
=	41114	/	38709
=	1.06

NPR-Riken (TSE:6209) 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.

NPR-Riken Receivables Turnover Related Terms

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NPR-Riken Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NPR-Riken Corp (TSE:6209) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8-1, Sanbancho, Chiyoda-ku, Tokyo, JPN, 102-0075

Website

https://www.npr-riken.co.jp

NPR-Riken Corp is engaged in the Management of group companies such as subsidiaries that manufacture and/or sale of automotive and marine-related products and other products.

NPR-Riken Headlines

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