Sankyo Co (Sankyo Co) Receivables Turnover : 1.14 (As of Dec. 2023)

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What is Sankyo 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. Sankyo Co's Revenue for the three months ended in Dec. 2023 was $378 Mil. Sankyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was $332 Mil. Hence, Sankyo Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.14.

Sankyo Co Receivables Turnover Historical Data

The historical data trend for Sankyo 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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Sankyo Co Receivables Turnover Chart

Sankyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.68

3.25

4.80

5.03

5.63

Sankyo 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															0.64	1.57	1.92	1.14	0.67

Competitive Comparison of Sankyo Co's Receivables Turnover

For the Gambling subindustry, Sankyo 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.

Sankyo Co's Receivables Turnover Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sankyo Co's Receivables Turnover distribution charts can be found below:

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

Sankyo Co Receivables Turnover Calculation

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

Sankyo 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 )
=	1328.934	/ (	(283.599	+	188.802)	/	2 )
=	1328.934	/	236.2005
=	5.63

Sankyo 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 )
=	377.812	/ (	(287.179	+	376.354)	/	2 )
=	377.812	/	331.7665
=	1.14

Sankyo Co (OTCPK:SKXJF) 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.

Sankyo Co Receivables Turnover Related Terms

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Sankyo Co (Sankyo Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sankyo Co Ltd (OTCPK:SKXJF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

6417:Japan SOK:Germany

Address

3-29-14 Shibuya, Shibuya-ku, Tokyo, JPN, 150-8327

Website

http://www.sankyo-fever.co.jp

Sankyo Co Ltd manufactures and sells pachinko and pachislot machines to the gambling industry. Pachinko machines, a gambling device with pinball-like characteristics, are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls that can then be exchanged for prizes. Pachislot machines, which are a similar gambling device as pachinko and slot machines, are also sold to gambling parlors throughout Japan. The company generates the vast majority of its revenue in Japan.

Sankyo Co (Sankyo Co) Headlines

From GuruFocus

Sankyo Co Stock Gives Every Indication Of Being Modestly Undervalued

By GF Value GF Value • 04-01-2021