Foster Electric Co (TSE:6794) Receivables Turnover : 1.26 (As of Dec. 2023)

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What is Foster Electric 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. Foster Electric Co's Revenue for the three months ended in Dec. 2023 was 円31,143 Mil. Foster Electric Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円24,737 Mil. Hence, Foster Electric Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.26.

Foster Electric Co Receivables Turnover Historical Data

The historical data trend for Foster Electric 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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Foster Electric Co Receivables Turnover Chart

Foster Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.91

6.36

5.39

5.09

5.52

Foster Electric 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															1.26	1.35	1.13	1.29	1.26

Competitive Comparison of Foster Electric Co's Receivables Turnover

For the Consumer Electronics subindustry, Foster Electric 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.

Foster Electric Co's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Foster Electric Co's Receivables Turnover falls into.

Foster Electric Co Receivables Turnover Calculation

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

Foster Electric 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 )
=	121338	/ (	(19001	+	24988)	/	2 )
=	121338	/	21994.5
=	5.52

Foster Electric 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 )
=	31143	/ (	(25387	+	24087)	/	2 )
=	31143	/	24737
=	1.26

Foster Electric Co (TSE:6794) 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.

Foster Electric Co Receivables Turnover Related Terms

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Foster Electric Co (TSE:6794) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foster Electric Co Ltd (TSE:6794) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1-1-109, Tsutsujigaoka, Akishima City, Tokyo, JPN, 196-8550

Website

http://www.foster.co.jp

Foster Electric is a Japan-based company that conducts operation through four segments. The information and communication components and products segment produces and sells headsets and small speakers for mobile phones and commercial microphones, and this segment contributes around half of total revenue. The automotive components and products segment produces car speakers and car speaker systems. The acoustic components and products segment offers speakers and speaker systems for audio devices and TVs, amplifier built-in speakers, headphones, and others. The other segment offers Fostex brand products, micro acoustic components, and logistics services. The company has manufacturing bases in various countries, such as China, Vietnam, South Korea, Indonesia, and elsewhere.

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