Nabtesco (TSE:6268) Receivables Turnover : 1.19 (As of Dec. 2023)

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What is Nabtesco 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. Nabtesco's Revenue for the three months ended in Dec. 2023 was 円90,047 Mil. Nabtesco's average Accounts Receivable for the three months ended in Dec. 2023 was 円75,845 Mil. Hence, Nabtesco's Receivables Turnover for the three months ended in Dec. 2023 was 1.19.

Nabtesco Receivables Turnover Historical Data

The historical data trend for Nabtesco'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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Nabtesco Receivables Turnover Chart

Nabtesco Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.02

3.89

4.01

4.06

4.27

Nabtesco 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															1.25	1.10	1.13	1.13	1.19

Competitive Comparison of Nabtesco's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Nabtesco'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.

Nabtesco's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Nabtesco Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	333631	/ (	(77227	+	79196)	/	2 )
=	333631	/	78211.5
=	4.27

Nabtesco'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 )
=	90047	/ (	(72493	+	79196)	/	2 )
=	90047	/	75844.5
=	1.19

Nabtesco (TSE:6268) 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.

Nabtesco Receivables Turnover Related Terms

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Nabtesco (TSE:6268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nabtesco Corp (TSE:6268) » Definitions » Receivables Turnover

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Traded in Other Exchanges

NCTKY:USA NCTKF:USA 3N8:Germany

Address

JA Kyosai Bldg., 7-9, Hirakawacho 2-chome, Chiyoda-ku, Tokyo, JPN, 102-0093

Website

http://www.nabtesco.com

Nabtesco manufactures and sells motion control technology-based components and equipment to various industries. Its four main segments include: component solutions, transport solutions, accessibility solutions, and manufacturing solutions. The company has the leading global share with its precision reduction gears for industrial robots, as well as the top share in Japan with its key products for other segments, and it has a long-term record of supplying its products to major players in their respective industries, such as Fanuc, Boeing, Komatsu, and Japan Railways. The company was established in 2003 as a result of the merger of Teijin Seiki and Nabco, and is headquartered in Tokyo.

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