Klass (TSE:6233) Receivables Turnover : 1.17 (As of Dec. 2023)

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What is Klass 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. Klass's Revenue for the three months ended in Dec. 2023 was 円2,202 Mil. Klass's average Accounts Receivable for the three months ended in Dec. 2023 was 円1,878 Mil. Hence, Klass's Receivables Turnover for the three months ended in Dec. 2023 was 1.17.

Klass Receivables Turnover Historical Data

The historical data trend for Klass'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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Klass Receivables Turnover Chart

Klass Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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3.99

3.63

5.14

5.64

4.81

Klass 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															1.27	1.56	1.28	1.45	1.17

Competitive Comparison of Klass's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Klass'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.

Klass's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Klass's Receivables Turnover distribution charts can be found below:

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

Klass Receivables Turnover Calculation

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

Klass's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	9888.009	/ (	(1873.232	+	2235.344)	/	2 )
=	9888.009	/	2054.288
=	4.81

Klass'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 )
=	2201.641	/ (	(2235.344	+	1519.887)	/	2 )
=	2201.641	/	1877.6155
=	1.17

Klass (TSE:6233) 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.

Klass Receivables Turnover Related Terms

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Klass (TSE:6233) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Klass Corp (TSE:6233) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

190 Hikai, Tatsuno-cho, Hyogo prefecture, 190 Hikai, Tatsuno-cho, Tatsuno, JPN, 699-4195

Website

https://www.klass-corp.co.jp

Klass Corp is a Japan-based machinery manufacturer. The company is mainly engaged in the development, manufacturing, and sale of various automatic and labor-saving machines. Products offered by the company include wallpaper-pasting, floor construction equipment, curtain manufacturing equipment, laminating machine, Tatami manufacturing equipment, sliding door manufacturing equipment, kitchen equipment, and solar power.

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