Nippon Kayaku Co (TSE:4272) Receivables Turnover : 0.85 (As of Dec. 2023)

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What is Nippon Kayaku 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. Nippon Kayaku Co's Revenue for the three months ended in Dec. 2023 was 円51,845 Mil. Nippon Kayaku Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円61,284 Mil. Hence, Nippon Kayaku Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.85.

Nippon Kayaku Co Receivables Turnover Historical Data

The historical data trend for Nippon Kayaku 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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Nippon Kayaku Co Receivables Turnover Chart

Nippon Kayaku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.25

3.34

3.19

3.14

3.47

Nippon Kayaku 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															0.82	0.76	0.88	0.84	0.85

Competitive Comparison of Nippon Kayaku Co's Receivables Turnover

For the Chemicals subindustry, Nippon Kayaku 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.

Nippon Kayaku Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Kayaku Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nippon Kayaku Co's Receivables Turnover falls into.

Nippon Kayaku Co Receivables Turnover Calculation

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

Nippon Kayaku 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 )
=	198380	/ (	(60719	+	53550)	/	2 )
=	198380	/	57134.5
=	3.47

Nippon Kayaku 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 )
=	51845	/ (	(59889	+	62679)	/	2 )
=	51845	/	61284
=	0.85

Nippon Kayaku Co (TSE:4272) 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.

Nippon Kayaku Co Receivables Turnover Related Terms

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Nippon Kayaku Co (TSE:4272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Kayaku Co Ltd (TSE:4272) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

NP7:Germany

Address

1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building 19th and 20th Floors, Tokyo, JPN, 100-0005

Website

http://www.nipponkayaku.co.jp

Nippon Kayaku Co Ltd manufactures and sells a variety of chemicals. The firm organizes itself into four segments based on product type. The functional chemicals segment, which generates more revenue than any other segment, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds, and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers during an accident. The agrochemicals segment sells insecticides and herbicides. The majority of revenue comes from Asia.

Nippon Kayaku Co (TSE:4272) Headlines

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