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Kitazawangyo Co (TSE:9930) Receivables Turnover : 1.52 (As of Mar. 2024)


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What is Kitazawangyo 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. Kitazawangyo Co's Revenue for the three months ended in Mar. 2024 was 円4,173 Mil. Kitazawangyo Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円2,742 Mil. Hence, Kitazawangyo Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.52.


Kitazawangyo Co Receivables Turnover Historical Data

The historical data trend for Kitazawangyo 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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Kitazawangyo Co Receivables Turnover Chart

Kitazawangyo 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 5.35 5.15 6.11 6.08 6.13

Kitazawangyo 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 1.86 1.46 1.96 1.55 1.52

Competitive Comparison of Kitazawangyo Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Kitazawangyo 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.


Kitazawangyo Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Kitazawangyo Co Receivables Turnover Calculation

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

Kitazawangyo 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 )
=16471.938 / ((2852.135 + 2525.998) / 2 )
=16471.938 / 2689.0665
=6.13

Kitazawangyo 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 )
=4173.023 / ((2957.66 + 2525.998) / 2 )
=4173.023 / 2741.829
=1.52

* 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.


Kitazawangyo Co  (TSE:9930) 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.


Kitazawangyo Co Receivables Turnover Related Terms

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Kitazawangyo Co Business Description

Traded in Other Exchanges
N/A
Address
23-10 2-chome, Higashi, Tokyo, JPN
Kitazawa Sangyo Co Ltd is a Japanese firm. It is engaged in sales of food processing machines, Cooking equipment, Confectionery, bakery equipment, Kitchen facility design. Its service line handling product includes Scherrer coffee break, Espresso machine, Brewer, Coffee mill, Watercooler, Ice Slicer.

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