Organo (TSE:6368) Receivables Turnover : 0.59 (As of Dec. 2023)

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What is Organo 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. Organo's Revenue for the three months ended in Dec. 2023 was 円40,767 Mil. Organo's average Accounts Receivable for the three months ended in Dec. 2023 was 円69,588 Mil. Hence, Organo's Receivables Turnover for the three months ended in Dec. 2023 was 0.59.

Organo Receivables Turnover Historical Data

The historical data trend for Organo'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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Organo Receivables Turnover Chart

Organo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.54

2.33

2.92

3.90

3.55

Organo 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															0.69	0.56	0.54	0.59	0.77

Competitive Comparison of Organo's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Organo'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.

Organo's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Organo Receivables Turnover Calculation

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

Organo'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: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	150356	/ (	(40496	+	44121)	/	2 )
=	150356	/	42308.5
=	3.55

Organo'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 )
=	40767	/ (	(68727	+	70448)	/	2 )
=	40767	/	69587.5
=	0.59

Organo (TSE:6368) 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.

Organo Receivables Turnover Related Terms

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Organo (TSE:6368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Organo Corp (TSE:6368) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

1-2-8 Shinsuna, Koto-ku, Tokyo, JPN, 136-8631

Website

http://www.organo.co.jp

Organo Corp is a Japan-based company mainly engaged in the water treatment engineering business. The company operates in two business divisions namely water treatment engineering and functional product. Its water treatment engineering business includes manufacturing, delivery and maintenance of pure water systems, ultra-pure water systems and wastewater treatment systems for industries, condensate de mineralizers for power stations, waterworks and sewage treatment systems for the public sector. The functional product business encompasses the sale of standardized water treatment equipment, water treatment chemicals, and food processing materials.

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