Futaba (Futaba) Receivables Turnover : 0.89 (As of Dec. 2023)

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What is Futaba 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. Futaba's Revenue for the three months ended in Dec. 2023 was $91.6 Mil. Futaba's average Accounts Receivable for the three months ended in Dec. 2023 was $103.2 Mil. Hence, Futaba's Receivables Turnover for the three months ended in Dec. 2023 was 0.89.

Futaba Receivables Turnover Historical Data

The historical data trend for Futaba'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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Futaba Receivables Turnover Chart

Futaba Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.54

3.67

3.56

3.57

3.82

Futaba 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															1.02	0.98	0.88	0.94	0.89

Competitive Comparison of Futaba's Receivables Turnover

For the Electronic Components subindustry, Futaba'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.

Futaba's Receivables Turnover Distribution in the Hardware Industry

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

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

Futaba Receivables Turnover Calculation

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

Futaba'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 )
=	451.325	/ (	(122.722	+	113.673)	/	2 )
=	451.325	/	118.1975
=	3.82

Futaba'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 )
=	91.609	/ (	(109.08	+	97.367)	/	2 )
=	91.609	/	103.2235
=	0.89

Futaba (OTCPK:FUBAF) 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.

Futaba Receivables Turnover Related Terms

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Futaba (Futaba) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Futaba Corp (OTCPK:FUBAF) » Definitions » Receivables Turnover

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Traded in Other Exchanges

6986:Japan

Address

629 Oshiba, Chiba Prefecture, Mobara, JPN, 297-8588

Website

http://www.futaba.co.jp

Futaba Corp manufactures and sells vacuum fluorescent display for home, automotive and industrial applications mainly in Asia and rests from Japan, America, and Europe. The company operates in two business segments. The Electronic Devices segment which consists of Vaccum Fluorescent Displays(VFDs), VFD modules, Organic Light- Emitting Diode(OLEDs) and touch panels. The Machinery and Tooling segment which consists of the press die set components, mold-base components, precision plates and equipment for automation.

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