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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. Shindengen Electric Manufacturing Co's Revenue for the
three
months ended in Mar. 2026 was 円30,029 Mil. Shindengen Electric Manufacturing Co's average Accounts Receivable for the
three
months ended in Mar. 2026 was 円19,670 Mil.
Hence, Shindengen Electric Manufacturing Co's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.53.
Shindengen Electric Manufacturing Co (TSE:6844) 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.
Shindengen Electric Manufacturing Co Receivables Turnover Related Terms
Shindengen Electric Manufacturing Co Receivables Turnover Historical Data
* 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.
Shindengen Electric Manufacturing Co Receivables Turnover Chart
TSE:6844 vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, Shindengen Electric Manufacturing 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.
Shindengen Electric Manufacturing Co Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Shindengen Electric Manufacturing Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Shindengen Electric Manufacturing Co's Receivables Turnover falls into.
* 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.
Shindengen Electric Manufacturing Co (TSE:6844) has a Receivables Turnover of 1.53 as of Mar. 2026. The accounts 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. View historical data on Shindengen Electric Manufacturing Co and its competitors. According to the industry distribution chart, Shindengen Electric Manufacturing Co ranks #862 out of 2469 companies in the Hardware industry, placing it in the top 34.9%.
Is Shindengen Electric Manufacturing Co's Receivables Turnover too high?
Shindengen Electric Manufacturing Co's current Receivables Turnover is 1.53. The Hardware industry median Receivables Turnover is 4.90. Shindengen Electric Manufacturing Co's value of 1.53 is 68.8% below this industry median. Based on the distribution chart, Shindengen Electric Manufacturing Co ranks #862 out of 2469 companies in the Hardware industry, which is above the industry midpoint. Overall, Shindengen Electric Manufacturing Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shindengen Electric Manufacturing Co's Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, Shindengen Electric Manufacturing Co ranks #862 out of 2469 companies for Receivables Turnover. This puts Shindengen Electric Manufacturing Co in the upper half of its industry. The industry median Receivables Turnover is 4.90. Shindengen Electric Manufacturing Co's value of 1.53 is 68.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,469 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shindengen Electric Manufacturing Co's current Receivables Turnover of 1.53 is 68.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Shindengen Electric Manufacturing Co and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shindengen Electric Manufacturing Co's current Receivables Turnover is 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shindengen Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co (TSE:6844) is currently considered Fairly Valued. The stock's GF Value™ is 円3,386.56, compared to a current price of 円3,415.00 — trading 0.8% above its estimated fair value. The current Receivables Turnover is 1.53 and 68.8% below the Hardware industry median of 4.90. Shindengen Electric Manufacturing Co's overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Shindengen Electric Manufacturing Co (TSE:6844), the current Receivables Turnover is 1.53 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Shindengen Electric Manufacturing Co (TSE:6844) Overvalued in 2026?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co stock appears to be overvalued.
The current stock price of 円3,415.00 is trading 0.8% above its estimated GF Value™ of 円3,386.56.
GuruFocus considers Shindengen Electric Manufacturing Co to be Fairly Valued.
Key valuation signals for TSE:6844:
Receivables Turnover: 1.53
GF Value™: 円3,386.56 vs. price of 円3,415.00 (0.8% above fair value)
Industry Position: 68.8% below the Hardware median (#862 of 2469)
No single metric tells the full story. See the TSE:6844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.
77GF Score
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