Mitsui Mining and Smelting Co (Mitsui Mining and Smelting Co) Receivables Turnover : 1.47 (As of Dec. 2023)

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What is Mitsui Mining and Smelting 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. Mitsui Mining and Smelting Co's Revenue for the three months ended in Dec. 2023 was $1,142 Mil. Mitsui Mining and Smelting Co's average Accounts Receivable for the three months ended in Dec. 2023 was $775 Mil. Hence, Mitsui Mining and Smelting Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.47.

Mitsui Mining and Smelting Co Receivables Turnover Historical Data

The historical data trend for Mitsui Mining and Smelting 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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Mitsui Mining and Smelting Co Receivables Turnover Chart

Mitsui Mining and Smelting Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.06

5.49

5.28

5.15

5.24

Mitsui Mining and Smelting 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															1.36	1.39	1.30	1.42	1.47

Competitive Comparison of Mitsui Mining and Smelting Co's Receivables Turnover

For the Conglomerates subindustry, Mitsui Mining and Smelting 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.

Mitsui Mining and Smelting Co's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Mitsui Mining and Smelting Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mitsui Mining and Smelting Co's Receivables Turnover falls into.

Mitsui Mining and Smelting Co Receivables Turnover Calculation

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

Mitsui Mining and Smelting 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 )
=	4877.63	/ (	(1030.778	+	830.132)	/	2 )
=	4877.63	/	930.455
=	5.24

Mitsui Mining and Smelting 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 )
=	1141.827	/ (	(791.701	+	759.049)	/	2 )
=	1141.827	/	775.375
=	1.47

Mitsui Mining and Smelting Co (OTCPK:MMSMY) 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.

Mitsui Mining and Smelting Co Receivables Turnover Related Terms

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Mitsui Mining and Smelting Co (Mitsui Mining and Smelting Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui Mining and Smelting Co Ltd (OTCPK:MMSMY) » Definitions » Receivables Turnover

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Traded in Other Exchanges

5706:Japan MMG:Germany

Address

1-11-1 Osaki, Gate City Ohsaki, West Tower, 19th Floor, Shingagawa-ku, Tokyo, JPN, 141-8584

Website

http://www.mitsui-kinzoku.co.jp

Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) is a Japanese company which primarily supplies and produces metals for manufacturers of both automobiles and telecommunications devices. The company is split across four segments: Engineered Materials, within which Mitsui Kinzoku supplies catalytic converters, battery materials, and copper foil used in microelectronics; Metals, which involves mining, smelting, and recycling copper and zinc; Automotive Parts and Components, which principally manufactures door-related automotive parts; and Affiliates Coordination, which includes perlite, die-casting, and engineering projects. Whilst Mitsui Kinzoku derives the majority of revenue domestically, the company operates in several overseas markets, notably the United States and mainland Asia.

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