Nippon Gear Co (TSE:6356) Receivables Turnover : 1.42 (As of Dec. 2023)

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What is Nippon Gear 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. Nippon Gear Co's Revenue for the three months ended in Dec. 2023 was 円2,836 Mil. Nippon Gear Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円2,000 Mil. Hence, Nippon Gear Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.42.

Nippon Gear Co Receivables Turnover Historical Data

The historical data trend for Nippon Gear 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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Nippon Gear Co Receivables Turnover Chart

Nippon Gear Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.93

3.02

3.29

3.38

3.64

Nippon Gear 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															0.78	0.88	1.09	1.07	1.42

Competitive Comparison of Nippon Gear Co's Receivables Turnover

For the Auto Parts subindustry, Nippon Gear 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.

Nippon Gear Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Gear Co's Receivables Turnover distribution charts can be found below:

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

Nippon Gear Co Receivables Turnover Calculation

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

Nippon Gear Co'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 )
=	7520.229	/ (	(2188.905	+	1943.102)	/	2 )
=	7520.229	/	2066.0035
=	3.64

Nippon Gear 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 )
=	2835.605	/ (	(1736.969	+	2262.582)	/	2 )
=	2835.605	/	1999.7755
=	1.42

Nippon Gear Co (TSE:6356) 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.

Nippon Gear Co Receivables Turnover Related Terms

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Nippon Gear Co (TSE:6356) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Gear Co Ltd (TSE:6356) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Kirihara-Cho, Kanagawa-Ken, Fujisawa, JPN, 252-0811

Website

http://www.nippon-gear.jp

Nippon Gear Co Ltd is engaged in the design, production, and sale of valve actuators, high-speed gear drivers, mixers, screw jacks, monitoring equipment, data communication equipment, control equipment, and software. It offers valve actuators for a range of applications in petroleum, nuclear, generating plants, and water/sewer pipelines; jacks for use in lifting/lowering, inclines, pulling, opening/closing, adjustment, and holding; gear drives for power plant, chemical plant, wastewater treatment plant, and other applications; and gears for automotive, railroad, industrial machine, and other industries.

Nippon Gear Co (TSE:6356) Headlines

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