T.RAD Co (TSE:7236) Receivables Turnover : 1.44 (As of Dec. 2023)

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What is T.RAD 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. T.RAD Co's Revenue for the three months ended in Dec. 2023 was 円41,910 Mil. T.RAD Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円29,032 Mil. Hence, T.RAD Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.44.

T.RAD Co Receivables Turnover Historical Data

The historical data trend for T.RAD 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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T.RAD Co Receivables Turnover Chart

T.RAD Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.48

5.55

4.87

5.35

5.73

T.RAD 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															1.52	1.20	1.40	1.43	1.44

Competitive Comparison of T.RAD Co's Receivables Turnover

For the Auto Parts subindustry, T.RAD 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.

T.RAD Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, T.RAD Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where T.RAD Co's Receivables Turnover falls into.

T.RAD Co Receivables Turnover Calculation

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

T.RAD 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 )
=	149413	/ (	(25836	+	26299)	/	2 )
=	149413	/	26067.5
=	5.73

T.RAD 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 )
=	41910	/ (	(29441	+	28623)	/	2 )
=	41910	/	29032
=	1.44

T.RAD Co (TSE:7236) 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.

T.RAD Co Receivables Turnover Related Terms

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T.RAD Co (TSE:7236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » T.RAD Co Ltd (TSE:7236) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aioi Insurance Shinjyuku Bldg., 3-25-3,Yoyogi, Shibuya-ku, Tokyo, JPN, 151-0053

Website

http://www.trad.co.jp

T.RAD Co Ltd engages in manufacture and sale of automobile parts and other machinery. Its services include the manufacturing and marketing of heat exchangers for automobiles, construction, and industrial machines, air conditioners, distributed generators, parts for automobiles, environment-related equipment, and others. The firm's main products consist of radiators, oil coolers, EGR coolers, intercoolers, recuperators, fin coils for air conditioners, and other heat exchangers.

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