Tomoku Co (TSE:3946) Receivables Turnover : 1.62 (As of Dec. 2023)

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What is Tomoku 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. Tomoku Co's Revenue for the three months ended in Dec. 2023 was 円54,110 Mil. Tomoku Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円33,460 Mil. Hence, Tomoku Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.62.

Tomoku Co Receivables Turnover Historical Data

The historical data trend for Tomoku 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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Tomoku Co Receivables Turnover Chart

Tomoku Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.05

5.96

7.08

7.24

6.90

Tomoku Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.70	1.57	1.64	1.62	1.71

Competitive Comparison of Tomoku Co's Receivables Turnover

For the Packaging & Containers subindustry, Tomoku 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.

Tomoku Co's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Tomoku Co's Receivables Turnover distribution charts can be found below:

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

Tomoku Co Receivables Turnover Calculation

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

Tomoku Co's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	211526	/ (	(30055	+	31222)	/	2 )
=	211526	/	30638.5
=	6.90

Tomoku 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 )
=	54110	/ (	(33571	+	33349)	/	2 )
=	54110	/	33460
=	1.62

Tomoku Co (TSE:3946) 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.

Tomoku Co Receivables Turnover Related Terms

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Tomoku Co (TSE:3946) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tomoku Co Ltd (TSE:3946) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-2-2 Marunouchi, 4th Floor Marunouchi Mitsui Building, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

http://www.tomoku.co.jp

Tomoku Co Ltd engages in the manufacture and sale of corrugated paper, corrugated paper containers, and printed paper packaging materials. It also deals with the manufacture and sale of Swedish-made housing. The firm provides corrugated sheets, cardboard cases, and printing paper containers. Its Housing business handles the design, construction, and supervision of detached houses. The Transportation and Warehousing business include freight forwarding and warehousing businesses.

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