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Yokohama Wright Industries Co (TSE:1452) Receivables Turnover : 2.10 (As of Aug. 2023)


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What is Yokohama Wright Industries 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. Yokohama Wright Industries Co's Revenue for the six months ended in Aug. 2023 was 円874 Mil. Yokohama Wright Industries Co's average Accounts Receivable for the six months ended in Aug. 2023 was 円417 Mil. Hence, Yokohama Wright Industries Co's Receivables Turnover for the six months ended in Aug. 2023 was 2.10.

Yokohama Wright Industries Co Receivables Turnover Historical Data

The historical data trend for Yokohama Wright Industries 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.

* Premium members only.

Yokohama Wright Industries Co Receivables Turnover Chart

Yokohama Wright Industries Co Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23
Receivables Turnover
Get a 7-Day Free Trial 6.22 7.36 4.75 6.57 4.56

Yokohama Wright Industries Co Semi-Annual Data
Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3.07 2.76 2.16 3.01 2.10

Competitive Comparison of Yokohama Wright Industries Co's Receivables Turnover

For the Engineering & Construction subindustry, Yokohama Wright Industries 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.

Yokohama Wright Industries Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Yokohama Wright Industries Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Yokohama Wright Industries Co's Receivables Turnover falls into.


Yokohama Wright Industries Co Receivables Turnover Calculation

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

Yokohama Wright Industries Co's Receivables Turnover for the fiscal year that ended in Feb. 2023 is calculated as

Receivables Turnover (A: Feb. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Feb. 2023 ) / ((Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count )
=2344.506 / ((482.245 + 546.259) / 2 )
=2344.506 / 514.252
=4.56

Yokohama Wright Industries Co's Receivables Turnover for the quarter that ended in Aug. 2023 is calculated as

Receivables Turnover (Q: Aug. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Aug. 2023 ) / ((Accounts Receivable (Q: Feb. 2023 ) + Accounts Receivable (Q: Aug. 2023 )) / count )
=873.532 / ((546.259 + 286.742) / 2 )
=873.532 / 416.5005
=2.10

* 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.

Yokohama Wright Industries Co  (TSE:1452) 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.

Yokohama Wright Industries Co Receivables Turnover Related Terms

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Yokohama Wright Industries Co (TSE:1452) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yokohama Wright Industries Co Ltd (TSE:1452) » Definitions » Receivables Turnover
Comparable Companies
Traded in Other Exchanges
N/A
Address
870 Imaicho, Hodogaya-ku, Yokohama, Kanagawa Prefecture, Tokyo, JPN, 240-0035
Website
https://www.y-wright.com
YOKOHAMA WRIGHT Industries Co Ltd is engaged in providing engineering and construction services. The company's services include existing pile removal work, demolition and civil engineering set, underground obstacle removal work, mega solar business, among others.

Yokohama Wright Industries Co (TSE:1452) Headlines

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