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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. Heiwa Paper Co's Revenue for the
six
months ended in Mar. 2026 was 円8,223 Mil. Heiwa Paper Co's average Accounts Receivable for the
six
months ended in Mar. 2026 was 円2,868 Mil.
Hence, Heiwa Paper Co's Receivables Turnover for the
six
months ended in Mar. 2026 was 2.87.
Heiwa Paper Co (TSE:9929) 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.
Heiwa Paper Co Receivables Turnover Related Terms
Heiwa Paper Co Receivables Turnover Historical Data
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The historical data trend for Heiwa Paper 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.
Heiwa Paper Co Receivables Turnover Competitor Comparison
For the Paper & Paper Products subindustry, Heiwa Paper 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.
Heiwa Paper Co Receivables Turnover vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Heiwa Paper Co's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Heiwa Paper Co's Receivables Turnover falls into.
* 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.
Heiwa Paper Co (TSE:9929) has a Receivables Turnover of 2.87 as of Mar. 2026. The accounts 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. View historical data on Heiwa Paper Co and its competitors. According to the industry distribution chart, Heiwa Paper Co ranks #188 out of 281 companies in the Forest Products industry, placing it in the top 66.9%.
Is Heiwa Paper Co's Receivables Turnover too high?
Heiwa Paper Co's current Receivables Turnover is 2.87. The Forest Products industry median Receivables Turnover is 6.69. Heiwa Paper Co's value of 2.87 is 57.1% below this industry median. Based on the distribution chart, Heiwa Paper Co ranks #188 out of 281 companies in the Forest Products industry, which is below the industry midpoint. Overall, Heiwa Paper Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Heiwa Paper Co's Receivables Turnover compare to competitors?
According to the Forest Products industry distribution chart, Heiwa Paper Co ranks #188 out of 281 companies for Receivables Turnover. This places Heiwa Paper Co in the lower half of its industry. The industry median Receivables Turnover is 6.69. Heiwa Paper Co's value of 2.87 is 57.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Forest Products company?
The median Receivables Turnover among Forest Products companies is 6.69, based on 281 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Heiwa Paper Co's current Receivables Turnover of 2.87 is 57.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Heiwa Paper Co and its competitors. For the Forest Products industry, the median Receivables Turnover is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heiwa Paper Co's current Receivables Turnover is 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heiwa Paper Co stock overvalued right now?
Based on GuruFocus' analysis, Heiwa Paper Co (TSE:9929) is currently considered Fairly Valued. The stock's GF Value™ is 円437.80, compared to a current price of 円471.00 — trading 7.6% above its estimated fair value. The current Receivables Turnover is 2.87 and 57.1% below the Forest Products industry median of 6.69. Heiwa Paper Co's overall GF Score™ is 73/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Heiwa Paper Co (TSE:9929), the current Receivables Turnover is 2.87 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Heiwa Paper Co (TSE:9929) Overvalued in 2026?
Based on GuruFocus' analysis, Heiwa Paper Co stock appears to be overvalued.
The current stock price of 円471.00 is trading 7.6% above its estimated GF Value™ of 円437.80.
GuruFocus considers Heiwa Paper Co to be Fairly Valued.
Key valuation signals for TSE:9929:
Receivables Turnover: 2.87
GF Value™: 円437.80 vs. price of 円471.00 (7.6% above fair value)
Industry Position: 57.1% below the Forest Products median (#188 of 281)
No single metric tells the full story. See the TSE:9929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heiwa Paper Co Ltd develops, sells, exports and imports specialty papers, high-grade papers, industrial papers, and other paper materials. It also develops and commercializes new paper products. The company's product profile includes Exo Raxa, TANT, Deep Mat, Gokanshi, Cotton Life S, Satogami, Bunpel, SS-Soft, Mandala, Snow Petal, Kishu Rainbow, and others.
73GF Score
Get the complete analysis for TSE:9929
Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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