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Mitsubishi HC Capital (Mitsubishi HC Capital) Receivables Turnover : 0.21 (As of Dec. 2023)


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What is Mitsubishi HC Capital 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. Mitsubishi HC Capital's Revenue for the three months ended in Dec. 2023 was $3,352 Mil. Mitsubishi HC Capital's average Accounts Receivable for the three months ended in Dec. 2023 was $15,774 Mil. Hence, Mitsubishi HC Capital's Receivables Turnover for the three months ended in Dec. 2023 was 0.21.


Mitsubishi HC Capital Receivables Turnover Historical Data

The historical data trend for Mitsubishi HC Capital'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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Mitsubishi HC Capital Receivables Turnover Chart

Mitsubishi HC Capital Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.57 0.67 0.76 1.05 0.81

Mitsubishi HC Capital 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 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 0.21 0.22 0.20 0.20 0.21

Competitive Comparison of Mitsubishi HC Capital's Receivables Turnover

For the Credit Services subindustry, Mitsubishi HC Capital'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.


Mitsubishi HC Capital's Receivables Turnover Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mitsubishi HC Capital's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mitsubishi HC Capital's Receivables Turnover falls into.



Mitsubishi HC Capital Receivables Turnover Calculation

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

Mitsubishi HC Capital'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 )
=14186.518 / ((18397.266 + 16609.805) / 2 )
=14186.518 / 17503.5355
=0.81

Mitsubishi HC Capital'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 )
=3351.667 / ((15701.153 + 15846.668) / 2 )
=3351.667 / 15773.9105
=0.21

* 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.


Mitsubishi HC Capital  (OTCPK:MIUFY) 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.


Mitsubishi HC Capital Receivables Turnover Related Terms

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Mitsubishi HC Capital (Mitsubishi HC Capital) Business Description

Traded in Other Exchanges
Address
5-1, Marunouchi 1-chome, Shin-Marunouchi Building, Chiyoda-ku, Tokyo, JPN, 100-6525
Mitsubishi HC Capital Inc is a provider of leases and rental solutions. It offers finance leases, operating leases, real estate leases, auto leases, carbon-neutral and green leases, personal computer rentals, measuring equipment rentals, machine tool rentals, as well as real estate-related finance, sales receivable factoring, medical fee factoring, installment sales, used machinery purchasing and sales, and insurance, among others.

Mitsubishi HC Capital (Mitsubishi HC Capital) Headlines

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