Taisho Pharmaceutical Holdings Co (TSE:4581) Receivables Turnover : 1.14 (As of Dec. 2023)

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What is Taisho Pharmaceutical Holdings 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. Taisho Pharmaceutical Holdings Co's Revenue for the three months ended in Dec. 2023 was 円83,576 Mil. Taisho Pharmaceutical Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円73,230 Mil. Hence, Taisho Pharmaceutical Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.14.

Taisho Pharmaceutical Holdings Co Receivables Turnover Historical Data

The historical data trend for Taisho Pharmaceutical Holdings 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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Taisho Pharmaceutical Holdings Co Receivables Turnover Chart

Taisho Pharmaceutical Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.57

4.22

4.82

5.09

5.69

Taisho Pharmaceutical Holdings 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															1.31	1.19	1.46	1.25	1.14

Competitive Comparison of Taisho Pharmaceutical Holdings Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Taisho Pharmaceutical Holdings 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.

Taisho Pharmaceutical Holdings Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Taisho Pharmaceutical Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Taisho Pharmaceutical Holdings Co's Receivables Turnover falls into.

Taisho Pharmaceutical Holdings Co Receivables Turnover Calculation

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

Taisho Pharmaceutical Holdings 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 )
=	301381	/ (	(53676	+	52300)	/	2 )
=	301381	/	52988
=	5.69

Taisho Pharmaceutical Holdings 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 )
=	83576	/ (	(73465	+	72994)	/	2 )
=	83576	/	73229.5
=	1.14

Taisho Pharmaceutical Holdings Co (TSE:4581) 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.

Taisho Pharmaceutical Holdings Co Receivables Turnover Related Terms

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Taisho Pharmaceutical Holdings Co (TSE:4581) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Taisho Pharmaceutical Holdings Co Ltd (TSE:4581) » Definitions » Receivables Turnover

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TAIPY:USA TAISF:USA

Address

3-24-1 Takada, Toshima-ku, Tokyo, JPN, 170-8655

Website

http://www.taisho-holdings.co.jp

Taisho Pharmaceutical Holding Co Ltd is a specialty and generic drug manufacturing company. The company maintains two operational segments, Self-Medication and Prescription Pharmaceuticals. The vast majority of Taisho's revenue is derived from its Self-Medication segment. The company considers merger and acquisition investment as a potential component of its operational growth strategy for expanding its research, development, manufacturing, and marketing capabilities. The vast majority of sales are generated by sales to external customers in Japan.

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