Morinaga Milk Industry Co (TSE:2264) Receivables Turnover

: 1.62 (As of Dec. 2023)

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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. Morinaga Milk Industry Co's Revenue for the three months ended in Dec. 2023 was 円136,661 Mil. Morinaga Milk Industry Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円84,221 Mil. Hence, Morinaga Milk Industry Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.62.

Morinaga Milk Industry Co Receivables Turnover Historical Data

The historical data trend for Morinaga Milk Industry 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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Morinaga Milk Industry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

9.14

9.26

9.47

8.06

8.17

Morinaga Milk Industry 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																1.81	1.66	1.99	1.82	1.62

Competitive Comparison

For the Packaged Foods subindustry, Morinaga Milk Industry 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.

Morinaga Milk Industry Co Receivables Turnover Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Morinaga Milk Industry Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Morinaga Milk Industry Co's Receivables Turnover falls into.

Morinaga Milk Industry Co Receivables Turnover Calculation

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

Morinaga Milk Industry 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 )
=	525603	/ (	(63298	+	65354)	/	2 )
=	525603	/	64326
=	8.17

Morinaga Milk Industry 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 )
=	136661	/ (	(86751	+	81690)	/	2 )
=	136661	/	84220.5
=	1.62

Morinaga Milk Industry Co (TSE:2264) 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.

Morinaga Milk Industry Co Receivables Turnover Related Terms

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Morinaga Milk Industry Co (TSE:2264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Morinaga Milk Industry Co Ltd (TSE:2264) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

MO8:Germany

Address

33-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8384

Website

http://www.morinagamilk.co.jp

Morinaga Milk Industry Co., Ltd. is a Japanese company engaged in the production and distribution of dairy products. It produces a variety of milk and milk based products such as dairy-based beverages, yogurt, desserts, condensed milk, powdered milk, butter, cheese, ice cream, clinical liquid diets. It also manufactures and sells animal feed, and constructs plant equipments. The company through its subsidiaries markets its products internationally.

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