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ARAYA INDUSTRIAL Co (TSE:7305) Receivables Turnover : 1.36 (As of Mar. 2024)


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What is ARAYA INDUSTRIAL 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. ARAYA INDUSTRIAL Co's Revenue for the three months ended in Mar. 2024 was 円10,612 Mil. ARAYA INDUSTRIAL Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円7,789 Mil. Hence, ARAYA INDUSTRIAL Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.36.

ARAYA INDUSTRIAL Co Receivables Turnover Historical Data

The historical data trend for ARAYA INDUSTRIAL 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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ARAYA INDUSTRIAL Co Receivables Turnover Chart

ARAYA INDUSTRIAL Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.28 4.68 5.40 5.66 5.62

ARAYA INDUSTRIAL Co 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 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 1.36 1.37 1.27 1.41 1.36

Competitive Comparison of ARAYA INDUSTRIAL Co's Receivables Turnover

For the Steel subindustry, ARAYA INDUSTRIAL 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.

ARAYA INDUSTRIAL Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ARAYA INDUSTRIAL Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ARAYA INDUSTRIAL Co's Receivables Turnover falls into.


ARAYA INDUSTRIAL Co Receivables Turnover Calculation

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

ARAYA INDUSTRIAL 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 )
=44556 / ((8261 + 7584) / 2 )
=44556 / 7922.5
=5.62

ARAYA INDUSTRIAL Co'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 )
=10612 / ((7994 + 7584) / 2 )
=10612 / 7789
=1.36

* 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.

ARAYA INDUSTRIAL Co  (TSE:7305) 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.

ARAYA INDUSTRIAL Co Receivables Turnover Related Terms

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ARAYA INDUSTRIAL Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ARAYA INDUSTRIAL Co Ltd (TSE:7305) » Definitions » Receivables Turnover
Comparable Companies
TSE:5484 TSE:5632 TSE:9888 TSE:5921 TSE:5476 TSE:8046 TSE:5986 TSE:5446 TSE:5445 NGO:5979 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
12-12 Minamisenba, Chuo-ku, Osaka, JPN, 542-0081
Website
http://www.araya-kk.co.jp
ARAYA INDUSTRIAL CO., Ltd. is engaged in the manufacturing and selling of high-quality, high-performance iron, stainless steel pipe and others by metal processing technology Roll Forming. Its product offering includes steel pipe, welfare equipment, rim for the bicycle, pipe cutting machine, pipe/sheet metal processing machine and other special purpose machines. The company's products are used in a wide range of fields including automobiles, motorcycles, bicycles, buildings, furniture, industrial machinery, welfare equipment, and logistics equipment.

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