Mitsubishi Motors (Mitsubishi Motors) Receivables Turnover : 4.94 (As of Dec. 2023)

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What is Mitsubishi Motors 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. Mitsubishi Motors's Revenue for the three months ended in Dec. 2023 was $5,091 Mil. Mitsubishi Motors's average Accounts Receivable for the three months ended in Dec. 2023 was $1,031 Mil. Hence, Mitsubishi Motors's Receivables Turnover for the three months ended in Dec. 2023 was 4.94.

Mitsubishi Motors Receivables Turnover Historical Data

The historical data trend for Mitsubishi Motors'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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Mitsubishi Motors Receivables Turnover Chart

Mitsubishi Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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17.47

9.93

14.15

15.38

15.59

Mitsubishi Motors 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															3.77	3.65	4.23	4.94	5.01

Competitive Comparison of Mitsubishi Motors's Receivables Turnover

For the Auto Manufacturers subindustry, Mitsubishi Motors'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.

Mitsubishi Motors's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsubishi Motors's Receivables Turnover distribution charts can be found below:

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

Mitsubishi Motors Receivables Turnover Calculation

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

Mitsubishi Motors'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 )
=	18619.778	/ (	(1381.319	+	1007.926)	/	2 )
=	18619.778	/	1194.6225
=	15.59

Mitsubishi Motors'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 )
=	5091.196	/ (	(1134.945	+	926.487)	/	2 )
=	5091.196	/	1030.716
=	4.94

Mitsubishi Motors (OTCPK:MMTOF) 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.

Mitsubishi Motors Receivables Turnover Related Terms

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Mitsubishi Motors (Mitsubishi Motors) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsubishi Motors Corp (OTCPK:MMTOF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

7211:Japan MMO:Germany

Address

5-33-8, Shiba, Minato - ku, Tokyo, JPN, 108-8410

Website

http://www.mitsubishi-motors.co.jp

Mitsubishi Motors is a Japanese automobile manufacturer. The company principally produces small passenger vehicles, electric and hybrid vehicles, and sport utility vehicles, or SUVs. Mitsubishi Motors is organised into two business segments: automobile business and automobile financing business. The company derives the vast majority of company revenue from the automotive business. Geographically, the company is separated into five regions: Japan, North America, Europe, Asia (excluding Japan), and other. With more than half of its products manufactures in Japan where it also generates the majority of its consolidated revenue, followed by Asia, and North America.