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Airtech Japan (TSE:6291) Receivables Turnover : 0.92 (As of Mar. 2024)


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What is Airtech Japan 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. Airtech Japan's Revenue for the three months ended in Mar. 2024 was 円3,476 Mil. Airtech Japan's average Accounts Receivable for the three months ended in Mar. 2024 was 円3,766 Mil. Hence, Airtech Japan's Receivables Turnover for the three months ended in Mar. 2024 was 0.92.


Airtech Japan Receivables Turnover Historical Data

The historical data trend for Airtech Japan'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.

* Premium members only.

Airtech Japan Receivables Turnover Chart

Airtech Japan Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.81 3.04 3.45 4.01 4.53

Airtech Japan Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.02 0.67 0.74 0.85 0.92

Competitive Comparison of Airtech Japan's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Airtech Japan'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.


Airtech Japan's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Airtech Japan Receivables Turnover Calculation

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

Airtech Japan's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Receivables Turnover (A: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2023 ) / ((Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count )
=13632.206 / ((3038.381 + 2975.355) / 2 )
=13632.206 / 3006.868
=4.53

Airtech Japan's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=3475.505 / ((2975.355 + 4555.864) / 2 )
=3475.505 / 3765.6095
=0.92

* 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.


Airtech Japan  (TSE:6291) 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.


Airtech Japan Receivables Turnover Related Terms

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Airtech Japan (TSE:6291) Business Description

Traded in Other Exchanges
N/A
Address
No. 14, Iriya 1 - chome, Taito-ku, Tokyo, JPN, 110-8686
Airtech Japan Ltd is engaged as a manufacturer of clean air system, manufacture and sell clean room, clean bench, and biohazard system. The products of the company include sterile operating room, dust removal air shower, double air shower, and air knife type pass box.

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