Miraial Co (TSE:4238) Receivables Turnover : 0.90 (As of Jan. 2024)

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What is Miraial 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. Miraial Co's Revenue for the three months ended in Jan. 2024 was 円2,962 Mil. Miraial Co's average Accounts Receivable for the three months ended in Jan. 2024 was 円3,294 Mil. Hence, Miraial Co's Receivables Turnover for the three months ended in Jan. 2024 was 0.90.

Miraial Co Receivables Turnover Historical Data

The historical data trend for Miraial 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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Miraial Co Receivables Turnover Chart

Miraial Co Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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3.44

3.84

4.31

4.34

3.73

Miraial Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.00	1.06	0.84	0.76	0.90

Competitive Comparison of Miraial Co's Receivables Turnover

For the Semiconductor Equipment & Materials subindustry, Miraial 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.

Miraial Co's Receivables Turnover Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Miraial Co's Receivables Turnover distribution charts can be found below:

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

Miraial Co Receivables Turnover Calculation

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

Miraial Co's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	13256.567	/ (	(3721.411	+	3391.366)	/	2 )
=	13256.567	/	3556.3885
=	3.73

Miraial Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	2961.789	/ (	(3196.841	+	3391.366)	/	2 )
=	2961.789	/	3294.1035
=	0.90

Miraial Co (TSE:4238) 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.

Miraial Co Receivables Turnover Related Terms

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Miraial Co (TSE:4238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Miraial Co Ltd (TSE:4238) » Definitions » Receivables Turnover

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Address

Tokyu Building, 1-18-2 Nishi-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0021

Website

http://www.miraial.co.jp

Miraial Co Ltd is a Japanese company engaged in the production and sale of products that are indispensable to the electronics materials and semiconductor industries. Miraial develops products mainly for the semiconductor industry based on the precision molding and processing technology for high-function plastics. Its products include Front Opening Unified Pod (FOUP), cassettes, boxes, shipping containers, handles, among others.

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