Casio Computer Co (Casio Computer Co) Receivables Turnover : 2.25 (As of Dec. 2023)

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What is Casio Computer 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. Casio Computer Co's Revenue for the three months ended in Dec. 2023 was $470 Mil. Casio Computer Co's average Accounts Receivable for the three months ended in Dec. 2023 was $209 Mil. Hence, Casio Computer Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.25.

Casio Computer Co Receivables Turnover Historical Data

The historical data trend for Casio Computer 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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Casio Computer Co Receivables Turnover Chart

Casio Computer Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.52

7.34

7.23

8.51

8.72

Casio Computer 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															2.28	2.18	2.06	2.25	2.25

Competitive Comparison of Casio Computer Co's Receivables Turnover

For the Consumer Electronics subindustry, Casio Computer 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.

Casio Computer Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Casio Computer Co's Receivables Turnover distribution charts can be found below:

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

Casio Computer Co Receivables Turnover Calculation

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

Casio Computer 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 )
=	1973.833	/ (	(234.657	+	218.129)	/	2 )
=	1973.833	/	226.393
=	8.72

Casio Computer 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 )
=	470.491	/ (	(213.365	+	203.929)	/	2 )
=	470.491	/	208.647
=	2.25

Casio Computer Co (OTCPK:CSIOF) 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.

Casio Computer Co Receivables Turnover Related Terms

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Casio Computer Co (Casio Computer Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Casio Computer Co Ltd (OTCPK:CSIOF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CSIOY:USA 6952:Japan CAC1:Germany

Address

6-2, Hon-machi 1-chome, Shibuya-ku, Tokyo, JPN, 151-8543

Website

http://www.casio.jp

Casio Computer is well-known as a watch and calculator manufacturer. Casio, founded in 1957, has cultivated the consumer electronics market by inventing distinctive products. Milestones in its history include the Casio Mini (1972), the world's first personal electronic calculator; G-Shock (1983), a shock-resistant wristwatch; and QV-10 (1995), the world's first digital camera with an LCD display. Approximately 60% of its revenue and most of its profits are from the timepieces segment.