Hisaka Works (TSE:6247) Receivables Turnover : 0.96 (As of Dec. 2023)

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What is Hisaka Works 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. Hisaka Works's Revenue for the three months ended in Dec. 2023 was 円7,481 Mil. Hisaka Works's average Accounts Receivable for the three months ended in Dec. 2023 was 円7,777 Mil. Hence, Hisaka Works's Receivables Turnover for the three months ended in Dec. 2023 was 0.96.

Hisaka Works Receivables Turnover Historical Data

The historical data trend for Hisaka Works'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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Hisaka Works Receivables Turnover Chart

Hisaka Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.33

3.31

3.34

4.03

4.47

Hisaka Works 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															1.24	1.12	1.08	1.10	0.96

Competitive Comparison of Hisaka Works's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Hisaka Works'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.

Hisaka Works's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Hisaka Works Receivables Turnover Calculation

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

Hisaka Works'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 )
=	34074	/ (	(7360	+	7891)	/	2 )
=	34074	/	7625.5
=	4.47

Hisaka Works'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 )
=	7481	/ (	(8276	+	7277)	/	2 )
=	7481	/	7776.5
=	0.96

Hisaka Works (TSE:6247) 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.

Hisaka Works Receivables Turnover Related Terms

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Hisaka Works (TSE:6247) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hisaka Works Ltd (TSE:6247) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

4-2-14, Fushimimachi, Chuo-ku, Osaka, JPN, 541-0044

Website

http://www.hisaka.co.jp

Hisaka Works Ltd is a Japan-based company mainly engaged in the manufacture and sale of heat exchangers. The company operates through three segments namely Heat exchanger, Process engineering, and Valve divisions. Its Heat exchanger segments offer plate heat exchangers (PHE), semi-welded PHE, and plate condenser. The Process engineering segment provides food machinery, such as retort sterilization, liquid sequential sterilization, and concentration. Its Valve division segment renders ball valves, such as jacketed ball valves, tank bottom ball valves, pocket fewer valves and bamboo-type valves, and others.

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