Daiichi Jitsugyo Co (TSE:8059) Receivables Turnover : 1.14 (As of Dec. 2023)

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What is Daiichi Jitsugyo 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. Daiichi Jitsugyo Co's Revenue for the three months ended in Dec. 2023 was 円38,807 Mil. Daiichi Jitsugyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円33,963 Mil. Hence, Daiichi Jitsugyo Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.14.

Daiichi Jitsugyo Co Receivables Turnover Historical Data

The historical data trend for Daiichi Jitsugyo 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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Daiichi Jitsugyo Co Receivables Turnover Chart

Daiichi Jitsugyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.91

3.90

4.37

4.19

4.08

Daiichi Jitsugyo 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															1.41	0.96	1.30	1.14	1.61

Competitive Comparison of Daiichi Jitsugyo Co's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Daiichi Jitsugyo 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.

Daiichi Jitsugyo Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Daiichi Jitsugyo Co Receivables Turnover Calculation

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

Daiichi Jitsugyo 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 )
=	187790	/ (	(38101	+	53932)	/	2 )
=	187790	/	46016.5
=	4.08

Daiichi Jitsugyo 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 )
=	38807	/ (	(34586	+	33339)	/	2 )
=	38807	/	33962.5
=	1.14

Daiichi Jitsugyo Co (TSE:8059) 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.

Daiichi Jitsugyo Co Receivables Turnover Related Terms

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Daiichi Jitsugyo Co (TSE:8059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daiichi Jitsugyo Co Ltd (TSE:8059) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

4-6 Kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-8222

Website

http://www.djk.co.jp

Daiichi Jitsugyo Co Ltd is a Japan-based machinery manufacturer. Its business operations are divided into five segments including plant and energy business, industrial machinery, electronics, pharmaceuticals, and aviation business. It provides machinery for energy development, plant construction, drug formulation, semiconductors, and special-purpose vehicles and self-defense-related equipment. The company also provides after sales and maintenance services. Daiichi Jitsugyo has network operations in Japan, China, Southeast Asia, India, America And Europe.

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