Shindengen Electric Manufacturing Co (TSE:6844) Receivables Turnover : 1.51 (As of Sep. 2024)

View and export this data going back to 1961. Start your Free Trial

What is Shindengen Electric Manufacturing 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. Shindengen Electric Manufacturing Co's Revenue for the three months ended in Sep. 2024 was 円25,612 Mil. Shindengen Electric Manufacturing Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円16,945 Mil. Hence, Shindengen Electric Manufacturing Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.51.

Shindengen Electric Manufacturing Co Receivables Turnover Historical Data

The historical data trend for Shindengen Electric Manufacturing 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.

* Premium members only.

Shindengen Electric Manufacturing Co Receivables Turnover Chart

Shindengen Electric Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

4.89

4.28

4.91

5.27

5.46

Shindengen Electric Manufacturing Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.47	1.46	1.38	1.51	1.58

Competitive Comparison of Shindengen Electric Manufacturing Co's Receivables Turnover

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's Receivables Turnover Distribution in the 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.

Save Embed

;

Save Embed

;

Shindengen Electric Manufacturing Co Receivables Turnover Calculation

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

Shindengen Electric Manufacturing Co'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 )
=	102261	/ (	(19421	+	18066)	/	2 )
=	102261	/	18743.5
=	5.46

Shindengen Electric Manufacturing Co'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 )
=	25612	/ (	(0	+	16945)	/	1 )
=	25612	/	16945
=	1.51

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

Thank you for viewing the detailed overview of Shindengen Electric Manufacturing Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Shindengen Electric Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shindengen Electric Manufacturing Co Ltd (TSE:6844) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

New-Ohtemachi Building, 2-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.shindengen.co.jp

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.

Shindengen Electric Manufacturing Co Headlines

No Headlines