Godo Steel (TSE:5410) Receivables Turnover : 0.79 (As of Dec. 2023)

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What is Godo Steel 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. Godo Steel's Revenue for the three months ended in Dec. 2023 was 円56,121 Mil. Godo Steel's average Accounts Receivable for the three months ended in Dec. 2023 was 円70,865 Mil. Hence, Godo Steel's Receivables Turnover for the three months ended in Dec. 2023 was 0.79.

Godo Steel Receivables Turnover Historical Data

The historical data trend for Godo Steel'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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Godo Steel Receivables Turnover Chart

Godo Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.79

3.39

3.52

4.61

4.67

Godo Steel 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															1.00	0.94	1.02	0.80	0.79

Competitive Comparison of Godo Steel's Receivables Turnover

For the Steel subindustry, Godo Steel'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.

Godo Steel's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Godo Steel's Receivables Turnover distribution charts can be found below:

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

Godo Steel Receivables Turnover Calculation

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

Godo Steel'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 )
=	235387	/ (	(44346	+	56543)	/	2 )
=	235387	/	50444.5
=	4.67

Godo Steel'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 )
=	56121	/ (	(69112	+	72618)	/	2 )
=	56121	/	70865
=	0.79

Godo Steel (TSE:5410) 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.

Godo Steel Receivables Turnover Related Terms

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Godo Steel (TSE:5410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Godo Steel Ltd (TSE:5410) » Definitions » Receivables Turnover

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Address

Toyobo Building 8th Floor, 2-2-8Doujima-hama Kita-ku, Osaka-shi, Osaka, JPN, 5300004

Website

http://www.godo-steel.co.jp

Godo Steel Ltd manufactures and sells steel products in Japan and internationally. The company offers wire rods for tire chains, stapler needles, and fencing applications; large and middle shapes that are used in construction, civil engineering, and other sectors; structural bars, which are used as materials for making parts of construction and industrial machinery, ships, and other equipment; and rails. It also provides deformed bars that are used as construction and civil engineering materials; EG joints and anchor plates; and billets. In addition, the company offers reinforcing bars, wire products, firebricks, and ballasts; trucking services; and industrial waste disposal services.

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