Mitani Sekisan Co (TSE:5273) Receivables Turnover : 1.06 (As of Dec. 2023)

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What is Mitani Sekisan 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. Mitani Sekisan Co's Revenue for the three months ended in Dec. 2023 was 円21,304 Mil. Mitani Sekisan Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円20,016 Mil. Hence, Mitani Sekisan Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.06.

Mitani Sekisan Co Receivables Turnover Historical Data

The historical data trend for Mitani Sekisan 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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Mitani Sekisan Co Receivables Turnover Chart

Mitani Sekisan Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.84

3.63

4.64

5.55

5.54

Mitani Sekisan Co 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															1.18	1.19	1.08	1.06	1.23

Competitive Comparison of Mitani Sekisan Co's Receivables Turnover

For the Building Products & Equipment subindustry, Mitani Sekisan 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.

Mitani Sekisan Co's Receivables Turnover Distribution in the Construction Industry

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

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

Mitani Sekisan Co Receivables Turnover Calculation

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

Mitani Sekisan Co'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 )
=	83116	/ (	(15271	+	14709)	/	2 )
=	83116	/	14990
=	5.54

Mitani Sekisan 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 )
=	21304	/ (	(20170	+	19861)	/	2 )
=	21304	/	20015.5
=	1.06

Mitani Sekisan Co (TSE:5273) 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.

Mitani Sekisan Co Receivables Turnover Related Terms

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Mitani Sekisan Co (TSE:5273) Business Description

Industry

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Address

1-3-1 Toyoshima, Mitani Building, Fukui-shi,, Fukui, JPN, 910-8571

Website

http://www.m-sekisan.co.jp

Mitani Sekisan Co., Ltd. is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.

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