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Iwasaki Electric Co (TSE:6924) Receivables Turnover : 1.12 (As of Dec. 2022)


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What is Iwasaki 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. Iwasaki Electric Co's Revenue for the three months ended in Dec. 2022 was 円14,898 Mil. Iwasaki Electric Co's average Accounts Receivable for the three months ended in Dec. 2022 was 円13,244 Mil. Hence, Iwasaki Electric Co's Receivables Turnover for the three months ended in Dec. 2022 was 1.12.


Iwasaki Electric Co Receivables Turnover Historical Data

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

Iwasaki Electric Co Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.98 3.98 4.35 4.02 4.26

Iwasaki Electric Co Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 1.27 1.62 0.86 1.38 1.12

Competitive Comparison of Iwasaki Electric Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Iwasaki 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.


Iwasaki Electric Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Iwasaki Electric Co's Receivables Turnover distribution charts can be found below:

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



Iwasaki Electric Co Receivables Turnover Calculation

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

Iwasaki Electric Co's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Receivables Turnover (A: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2022 ) / ((Accounts Receivable (A: Mar. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count )
=53185 / ((12238 + 12719) / 2 )
=53185 / 12478.5
=4.26

Iwasaki Electric Co's Receivables Turnover for the quarter that ended in Dec. 2022 is calculated as

Receivables Turnover (Q: Dec. 2022 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2022 ) / ((Accounts Receivable (Q: Sep. 2022 ) + Accounts Receivable (Q: Dec. 2022 )) / count )
=14898 / ((12533 + 13954) / 2 )
=14898 / 13243.5
=1.12

* 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.


Iwasaki Electric Co  (TSE:6924) 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.


Iwasaki Electric Co Receivables Turnover Related Terms

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Iwasaki Electric Co (TSE:6924) Business Description

Traded in Other Exchanges
N/A
Address
Bakurocho-daiichi Building 1-4-16, Nihonbashi-bakurocho, Chuo-ku, Tokyo, JPN, 103-0002
Iwasaki Electric Co., Ltd is a supplier of lighting products and industrial systems. The product line includes - lights for streets, tunnels, security, landscape lighting, sports lighting, factory lighting, commercial lighting, information display systems, and environment simulation systems.

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