MISUMI Group (TSE:9962) Receivables Turnover : 1.28 (As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is MISUMI Group 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. MISUMI Group's Revenue for the three months ended in Mar. 2024 was 円94,826 Mil. MISUMI Group's average Accounts Receivable for the three months ended in Mar. 2024 was 円73,843 Mil. Hence, MISUMI Group's Receivables Turnover for the three months ended in Mar. 2024 was 1.28.

MISUMI Group Receivables Turnover Historical Data

The historical data trend for MISUMI Group'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.

* Premium members only.

MISUMI Group Receivables Turnover Chart

MISUMI Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

4.80

4.61

4.93

4.87

4.83

MISUMI Group 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															1.19	1.19	1.22	1.28	1.28

Competitive Comparison of MISUMI Group's Receivables Turnover

For the Tools & Accessories subindustry, MISUMI Group'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.

MISUMI Group's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where MISUMI Group's Receivables Turnover falls into.

MISUMI Group Receivables Turnover Calculation

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

MISUMI Group'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 )
=	367649	/ (	(76359	+	75869)	/	2 )
=	367649	/	76114
=	4.83

MISUMI Group'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 )
=	94826	/ (	(71816	+	75869)	/	2 )
=	94826	/	73842.5
=	1.28

MISUMI Group (TSE:9962) 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.

MISUMI Group Receivables Turnover Related Terms

Thank you for viewing the detailed overview of MISUMI Group's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

MISUMI Group (TSE:9962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MISUMI Group Inc (TSE:9962) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MSSMY:USA MSUXF:USA MS3:Germany

Address

Koraku 2-chome, Bunkyo-ku, Iidabashi First Buiding, 5-1, TOKYO, Japan, JPN, 112-8583

Website

http://www.misumi.co.jp

MISUMI Group Inc is a Japanese manufacturer of components and parts used in automation processes. The group's three main businesses offer standardised components for automated equipment used in factory automation, die and mold parts used in the production of automobiles and electronic devices, and third-party branded products. The products include shafts, set collars, springs, gears, actuators, optical measurement devices, connectors, switches, cables, transformers, bores, wires, calipers, diamond cutting tools, punches, button dies, retainers, ejector pins, and taper pins.

MISUMI Group (TSE:9962) Headlines

No Headlines