Daido Metal Co (TSE:7245) Receivables Turnover : 1.04 (As of Dec. 2024)

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What is Daido Metal 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. Daido Metal Co's Revenue for the three months ended in Dec. 2024 was 円31,009 Mil. Daido Metal Co's average Accounts Receivable for the three months ended in Dec. 2024 was 円29,742 Mil. Hence, Daido Metal Co's Receivables Turnover for the three months ended in Dec. 2024 was 1.04.

Daido Metal Co Receivables Turnover Historical Data

The historical data trend for Daido Metal 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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Daido Metal Co Receivables Turnover Chart

Daido Metal Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.95

3.63

4.37

4.46

4.54

Daido Metal 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															1.13	1.07	1.13	1.18	1.04

Competitive Comparison of Daido Metal Co's Receivables Turnover

For the Auto Parts subindustry, Daido Metal 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.

Daido Metal Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Daido Metal Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Daido Metal Co's Receivables Turnover falls into.

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Daido Metal Co Receivables Turnover Calculation

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

Daido Metal 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 )
=	128738	/ (	(27265	+	29474)	/	2 )
=	128738	/	28369.5
=	4.54

Daido Metal Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	31009	/ (	(29887	+	29597)	/	2 )
=	31009	/	29742
=	1.04

Daido Metal Co (TSE:7245) 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.

Daido Metal Co Receivables Turnover Related Terms

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Daido Metal Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Daido Metal Co Ltd (TSE:7245) » Definitions » Receivables Turnover

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Address

17th Floor, Tennozu Central Tower 2-2-24, Higashi Shinagawa, Shinagawa-Ku, Tokyo, JPN, 140-0002

Website

http://www.daidometal.com

Daido Metal Co Ltd manufactures and sells a variety of bearings including automobile engine bearings and large ship engine bearings. The company has a production and sales network in the five-hub system of Japan, North America, Europe, Asia, and China. It manufactures bearings for trucks, construction and agricultural machinery, and bearings for automobile parts such as turbochargers and shock absorbers. Its products portfolio includes metal-polymer bearings, metallic bearings, engine bearing, turbomachinery bearing systems, modular products, pump, centralized lubrication, capacitors and semi-dry processing which are used in including automotive, marine, construction machinery, agricultural machines, industrial, energy, infrastructure and transportation, leisure, and household appliances.

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