Towa (TSE:6315) Receivables Turnover : 1.06 (As of Dec. 2023)

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What is Towa 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. Towa's Revenue for the three months ended in Dec. 2023 was 円10,768 Mil. Towa's average Accounts Receivable for the three months ended in Dec. 2023 was 円10,160 Mil. Hence, Towa's Receivables Turnover for the three months ended in Dec. 2023 was 1.06.

Towa Receivables Turnover Historical Data

The historical data trend for Towa'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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Towa Receivables Turnover Chart

Towa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.26

3.08

3.73

4.96

4.62

Towa 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															0.98	1.20	0.90	1.13	1.06

Competitive Comparison of Towa's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Towa'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.

Towa's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Towa's Receivables Turnover distribution charts can be found below:

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

Towa Receivables Turnover Calculation

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

Towa'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 )
=	53822.668	/ (	(11543.853	+	11766.773)	/	2 )
=	53822.668	/	11655.313
=	4.62

Towa'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 )
=	10767.942	/ (	(11350.697	+	8969.159)	/	2 )
=	10767.942	/	10159.928
=	1.06

Towa (TSE:6315) 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.

Towa Receivables Turnover Related Terms

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Towa (TSE:6315) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Towa Corp (TSE:6315) » Definitions » Receivables Turnover

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TWA:Germany

Address

5 Kamichoshi-cho, Kamitoba, Minami-ku, Kyoto, JPN, 601-8105

Website

http://www.towajapan.co.jp

Towa Corp develops, manufactures and sells resin encapsulation systems for semiconductors and singulation systems. In addition, it also manufactures and sells precision molds for manufacturing semiconductors and plastic molded products. Its product portfolio is divided into two technologies molding including light-emitting diode, semiconductor, and sensors/module products and Singulation including semiconductor, and light-emitting diode-other applications. The company's segments include semiconductor equipment and fine plastic mold. The majority of the company revenue is derived from the sale of semiconductor equipment.

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