Nihon Kohden (TSE:6849) Receivables Turnover : 1.05 (As of Mar. 2024)

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What is Nihon Kohden 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. Nihon Kohden's Revenue for the three months ended in Mar. 2024 was 円65,817 Mil. Nihon Kohden's average Accounts Receivable for the three months ended in Mar. 2024 was 円62,782 Mil. Hence, Nihon Kohden's Receivables Turnover for the three months ended in Mar. 2024 was 1.05.

Nihon Kohden Receivables Turnover Historical Data

The historical data trend for Nihon Kohden'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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Nihon Kohden Receivables Turnover Chart

Nihon Kohden Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.90

3.08

3.23

3.42

3.41

Nihon Kohden Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.05	0.82	0.95	0.91	1.05

Competitive Comparison of Nihon Kohden's Receivables Turnover

For the Medical Devices subindustry, Nihon Kohden'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.

Nihon Kohden's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nihon Kohden's Receivables Turnover distribution charts can be found below:

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

Nihon Kohden Receivables Turnover Calculation

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

Nihon Kohden'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 )
=	221986	/ (	(62335	+	68014)	/	2 )
=	221986	/	65174.5
=	3.41

Nihon Kohden'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 )
=	65817	/ (	(57550	+	68014)	/	2 )
=	65817	/	62782
=	1.05

Nihon Kohden (TSE:6849) 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.

Nihon Kohden Receivables Turnover Related Terms

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Nihon Kohden (TSE:6849) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nihon Kohden Corp (TSE:6849) » Definitions » Receivables Turnover

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NHNKY:USA

Address

31-4 Nishiochiai 1-chome, Shinjuku-ku, Tokyo, JPN, 1618560

Website

http://www.nihonkohden.co.jp

Nihon Kohden Corp manufactures electronic medical equipment. The firm operates in four categories: physiological measuring equipment, treatment equipment, patient monitors, and other medical equipment. The patient monitors segment contributes the largest proportion of revenue and includes continuous monitoring instruments and clinical information systems. The physiological measuring equipment segment sells electroencephalographs, electrocardiographs, and diagnostic information systems. The treatment equipment segment sells defibrillators, pacemakers, ventilators, and related consumables. The other medical equipment segment sells automated hematology analyzers, ultrasound diagnostic equipment, and other laboratory equipment. Nihon Kohden generates the majority of its revenue in Japan.

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