Tokushu Tokai Paper Co (TSE:3708) Receivables Turnover : 0.78 (As of Dec. 2023)

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What is Tokushu Tokai Paper 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. Tokushu Tokai Paper Co's Revenue for the three months ended in Dec. 2023 was 円22,293 Mil. Tokushu Tokai Paper Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円28,532 Mil. Hence, Tokushu Tokai Paper Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.78.

Tokushu Tokai Paper Co Receivables Turnover Historical Data

The historical data trend for Tokushu Tokai Paper 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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Tokushu Tokai Paper Co Receivables Turnover Chart

Tokushu Tokai Paper Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.20

3.11

3.08

3.32

3.39

Tokushu Tokai Paper Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.75	0.77	0.78	0.80	0.78

Competitive Comparison of Tokushu Tokai Paper Co's Receivables Turnover

For the Paper & Paper Products subindustry, Tokushu Tokai Paper 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.

Tokushu Tokai Paper Co's Receivables Turnover Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Tokushu Tokai Paper Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tokushu Tokai Paper Co's Receivables Turnover falls into.

Tokushu Tokai Paper Co Receivables Turnover Calculation

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

Tokushu Tokai Paper Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	84130	/ (	(24128	+	25560)	/	2 )
=	84130	/	24844
=	3.39

Tokushu Tokai Paper 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 )
=	22293	/ (	(28468	+	28596)	/	2 )
=	22293	/	28532
=	0.78

Tokushu Tokai Paper Co (TSE:3708) 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.

Tokushu Tokai Paper Co Receivables Turnover Related Terms

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Tokushu Tokai Paper Co (TSE:3708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Tokushu Tokai Paper Co Ltd (TSE:3708) » Definitions » Receivables Turnover

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Address

Zyouwa Yaesu Build 6F, Tokyo, JPN

Website

http://www.tt-paper.co.jp

Tokushu Tokai Paper Co Ltd manufactures and sells a variety of paper products. The company organizes itself into three primary divisions based on product type. The special-use paper division sells specialized paper that is used for food packaging, art printing, and securities protection. The industrial paper division sells paper that is used for fresh vegetable and cosmetic packaging, as well as water repellent paper. The household products division sells coffee and tea filter paper as well as other paper products used for cooking.

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