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Oiengyo Co (TSE:7481) Receivables Turnover : 1.87 (As of Dec. 2023)


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What is Oiengyo 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. Oiengyo Co's Revenue for the three months ended in Dec. 2023 was 円30,449 Mil. Oiengyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円16,246 Mil. Hence, Oiengyo Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.87.


Oiengyo Co Receivables Turnover Historical Data

The historical data trend for Oiengyo 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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Oiengyo Co Receivables Turnover Chart

Oiengyo Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.86 8.60 7.44 7.91 8.31

Oiengyo 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 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 1.96 1.70 1.99 1.96 1.87

Competitive Comparison of Oiengyo Co's Receivables Turnover

For the Food Distribution subindustry, Oiengyo 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.


Oiengyo Co's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Oiengyo Co's Receivables Turnover distribution charts can be found below:

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



Oiengyo Co Receivables Turnover Calculation

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

Oiengyo 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 )
=94833.926 / ((9428.264 + 13386.58) / 2 )
=94833.926 / 11407.422
=8.31

Oiengyo 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 )
=30448.686 / ((15115.174 + 17377.644) / 2 )
=30448.686 / 16246.409
=1.87

* 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.


Oiengyo Co  (TSE:7481) 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.


Oiengyo Co Receivables Turnover Related Terms

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Oiengyo Co (TSE:7481) Business Description

Traded in Other Exchanges
N/A
Address
6-11-27 Toyosaki, Kita-ku, Osaka, JPN, 531-8534
Oie Sangyo Co Ltd is a Japan based food company. The company is engaged in the sale of food products. It also provides logistics and systems support services.

Oiengyo Co (TSE:7481) Headlines

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