Nishimoto Co (TSE:9260) Receivables Turnover : 2.51 (As of Dec. 2024)

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What is Nishimoto 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. Nishimoto Co's Revenue for the three months ended in Dec. 2024 was 円81,407 Mil. Nishimoto Co's average Accounts Receivable for the three months ended in Dec. 2024 was 円32,472 Mil. Hence, Nishimoto Co's Receivables Turnover for the three months ended in Dec. 2024 was 2.51.

Nishimoto Co Receivables Turnover Historical Data

The historical data trend for Nishimoto 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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Nishimoto Co Receivables Turnover Chart

Nishimoto Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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8.89

10.41

10.63

9.60

9.75

Nishimoto 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															2.37	2.36	2.44	2.41	2.51

Competitive Comparison of Nishimoto Co's Receivables Turnover

For the Food Distribution subindustry, Nishimoto 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.

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

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

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

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Nishimoto Co Receivables Turnover Calculation

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

Nishimoto Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	328936	/ (	(33345	+	34103)	/	2 )
=	328936	/	33724
=	9.75

Nishimoto 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 )
=	81407	/ (	(30841	+	34103)	/	2 )
=	81407	/	32472
=	2.51

Nishimoto Co (TSE:9260) 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.

Nishimoto Co Receivables Turnover Related Terms

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Nishimoto Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nishimoto Co Ltd (TSE:9260) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

3-10-5 Nihonbashi, Chuo-ku, Onward Park Building, Tokyo, JPN, 103-0027

Website

http://www.wismettac.com

Nishimoto Co Ltd operates in the food distribution industry. The company has organized its business activities into three division: Asian Food Global Business, Agricultural and Seafood Products Trading Business, and Amenity Food and Retail Business. Through its Agricultural and Seafood Products Trading Business the company imports fruits and vegetables from all over the world and sell them to wholesale markets and mass retailers throughout Japan, and supply ingredients to the restaurant industry and foodstuff manufacturers. The company has an operational presence across Japan, North America, Canada, Singapore, Australia, Netherlands, the United Kingdom, Germany, France, Singapore, China, and Hong Kong.

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