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Wintest (TSE:6721) Receivables Turnover : 1.71 (As of Mar. 2024)


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What is Wintest 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. Wintest's Revenue for the three months ended in Mar. 2024 was 円212.0 Mil. Wintest's average Accounts Receivable for the three months ended in Mar. 2024 was 円124.2 Mil. Hence, Wintest's Receivables Turnover for the three months ended in Mar. 2024 was 1.71.


Wintest Receivables Turnover Historical Data

The historical data trend for Wintest'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.

Wintest Receivables Turnover Chart

Wintest Annual Data
Trend Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Dec21 Dec22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.73 6.55 10.56 4.25 7.31

Wintest Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 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 1.69 1.27 1.27 2.05 1.71

Competitive Comparison of Wintest's Receivables Turnover

For the Scientific & Technical Instruments subindustry, Wintest'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.


Wintest's Receivables Turnover Distribution in the Hardware Industry

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

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



Wintest Receivables Turnover Calculation

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

Wintest's Receivables Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Receivables Turnover (A: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Dec. 2022 ) / ((Accounts Receivable (A: Dec. 2021 ) + Accounts Receivable (A: Dec. 2022 )) / count )
=210.315 / ((36.517 + 21.058) / 2 )
=210.315 / 28.7875
=7.31

Wintest'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 )
=211.959 / ((106.452 + 141.887) / 2 )
=211.959 / 124.1695
=1.71

* 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.


Wintest  (TSE:6721) 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.


Wintest Receivables Turnover Related Terms

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Wintest (TSE:6721) Business Description

Traded in Other Exchanges
N/A
Address
Yokohama ST Bldg, 1-2-24, Hiranuma, Nishi-ku, Yokohama, JPN, 220-0004
Wintest Corp mainly develops, design and sell inspection equipment for image sensors and display driver integrated circuit processing. Its product and services include semiconductor measurement (CCD and CMOS image sensor), high added value FPD measurement (organic EL, low temperature / high-temperature polysilicon liquid crystal, LCOS), and mixed signal device measurement.

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