Meidensha (TSE:6508) Receivables Turnover : 0.87 (As of Sep. 2024)

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What is Meidensha 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. Meidensha's Revenue for the three months ended in Sep. 2024 was 円65,124 Mil. Meidensha's average Accounts Receivable for the three months ended in Sep. 2024 was 円74,544 Mil. Hence, Meidensha's Receivables Turnover for the three months ended in Sep. 2024 was 0.87.

Meidensha Receivables Turnover Historical Data

The historical data trend for Meidensha'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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Meidensha Receivables Turnover Chart

Meidensha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.91

2.63

2.81

2.82

2.80

Meidensha Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.95	0.88	1.14	0.52	0.87

Competitive Comparison of Meidensha's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Meidensha'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.

Meidensha's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Meidensha Receivables Turnover Calculation

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

Meidensha'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 )
=	287880	/ (	(99354	+	106385)	/	2 )
=	287880	/	102869.5
=	2.80

Meidensha's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	65124	/ (	(0	+	74544)	/	1 )
=	65124	/	74544
=	0.87

Meidensha (TSE:6508) 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.

Meidensha Receivables Turnover Related Terms

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Meidensha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Meidensha Corp (TSE:6508) » Definitions » Receivables Turnover

Comparable Companies

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MW7:Germany

Address

ThinkPark Tower, 2-1-1 Osaki, Shinagawa-ku, Tokyo, JPN, 141-6029

Website

http://www.meidensha.co.jp

Meidensha Corp is a Japan-based conglomerate that operates through four segments. The company's social infrastructure systems segment, which accounts for the majority of the company's sales, is engaged in businesses related to social infrastructure such as power generation and electricity transmission. The industrial system segment supplies industrial components, dynamometer systems, automatic guided vehicles, and other industrial products to the general manufacturing industry. The maintenance and service segment provides maintaining services. The real estate segment is involved in real estate rentals. The company generates the majority of its sales from the Japanese domestic market.

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