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Uematsu Shokai Co (TSE:9914) Receivables Turnover : 1.29 (As of Dec. 2023)


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What is Uematsu Shokai 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. Uematsu Shokai Co's Revenue for the three months ended in Dec. 2023 was 円1,969 Mil. Uematsu Shokai Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,527 Mil. Hence, Uematsu Shokai Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.29.


Uematsu Shokai Co Receivables Turnover Historical Data

The historical data trend for Uematsu Shokai 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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Uematsu Shokai Co Receivables Turnover Chart

Uematsu Shokai 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 3.30 3.22 2.91 3.67 4.01

Uematsu Shokai 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 0.98 0.92 1.14 1.18 1.29

Competitive Comparison of Uematsu Shokai Co's Receivables Turnover

For the Industrial Distribution subindustry, Uematsu Shokai 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.


Uematsu Shokai Co's Receivables Turnover Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Uematsu Shokai Co's Receivables Turnover distribution charts can be found below:

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



Uematsu Shokai Co Receivables Turnover Calculation

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

Uematsu Shokai 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 )
=6455.836 / ((1667.481 + 1549.705) / 2 )
=6455.836 / 1608.593
=4.01

Uematsu Shokai 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 )
=1968.967 / ((1456.777 + 1597.916) / 2 )
=1968.967 / 1527.3465
=1.29

* 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.


Uematsu Shokai Co  (TSE:9914) 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.


Uematsu Shokai Co Receivables Turnover Related Terms

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Uematsu Shokai Co (TSE:9914) Business Description

Traded in Other Exchanges
N/A
Address
3 -7- 5 Wakabayashi Ward, Miyagi ken, Sendai, JPN
Uematsu Shokai Co Ltd sells industrial machinery and machine tools. The company provides machine tools, machine tool accessories, industrial machinery, conductors, and environmental products. Its products include various field machine tools, such as electronic discharge machines, grinders, metalworking machinery, steel working machinery, and CAD/CAM products.

Uematsu Shokai Co (TSE:9914) Headlines

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