Asahi Kasei (TSE:3407) Receivables Turnover : 1.50 (As of Mar. 2024)

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What is Asahi Kasei 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. Asahi Kasei's Revenue for the three months ended in Mar. 2024 was 円720,732 Mil. Asahi Kasei's average Accounts Receivable for the three months ended in Mar. 2024 was 円479,654 Mil. Hence, Asahi Kasei's Receivables Turnover for the three months ended in Mar. 2024 was 1.50.

Asahi Kasei Receivables Turnover Historical Data

The historical data trend for Asahi Kasei'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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Asahi Kasei Receivables Turnover Chart

Asahi Kasei Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.31

6.29

6.37

6.22

6.00

Asahi Kasei 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															1.52	1.47	1.52	1.51	1.50

Competitive Comparison of Asahi Kasei's Receivables Turnover

For the Chemicals subindustry, Asahi Kasei'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.

Asahi Kasei's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asahi Kasei's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Asahi Kasei's Receivables Turnover falls into.

Asahi Kasei Receivables Turnover Calculation

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

Asahi Kasei'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 )
=	2784878	/ (	(442692	+	485941)	/	2 )
=	2784878	/	464316.5
=	6.00

Asahi Kasei's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	720732	/ (	(473366	+	485941)	/	2 )
=	720732	/	479653.5
=	1.50

Asahi Kasei (TSE:3407) 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.

Asahi Kasei Receivables Turnover Related Terms

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Asahi Kasei (TSE:3407) Business Description

Industry

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AHKSY:USA AHKSF:USA ASAA:Germany

Address

1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, JPN, 101-8101

Website

http://www.asahi-kasei.co.jp

Asahi Kasei Corp is a holding company that, through its subsidiaries, sells a variety of products and services. The firm is organized into four segments based on product or service. The chemicals and fibers segment, which generates the most revenue of any segment, sells ammonia-based products including plastic compounds and cellulose fiber. The homes and construction segment builds residential houses and sells thermal insulation. The electronics segment sells components for mobile phones including electronic compasses and lithium-ion battery separators. The healthcare segment sells medical devices including blood purification, blood transfusion, and bioprocess products. The majority of revenue comes from Japan.

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