Yamato Kogyo Co (TSE:5444) Receivables Turnover : 1.28 (As of Mar. 2024)

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What is Yamato Kogyo 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. Yamato Kogyo Co's Revenue for the three months ended in Mar. 2024 was 円41,274 Mil. Yamato Kogyo Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円32,218 Mil. Hence, Yamato Kogyo Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.28.

Yamato Kogyo Co Receivables Turnover Historical Data

The historical data trend for Yamato Kogyo 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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Yamato Kogyo Co Receivables Turnover Chart

Yamato Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.17

6.32

7.02

6.76

5.49

Yamato Kogyo 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															1.36	1.45	1.20	1.28	1.28

Competitive Comparison of Yamato Kogyo Co's Receivables Turnover

For the Steel subindustry, Yamato Kogyo 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.

Yamato Kogyo Co's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yamato Kogyo Co's Receivables Turnover distribution charts can be found below:

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

Yamato Kogyo Co Receivables Turnover Calculation

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

Yamato Kogyo 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 )
=	163479	/ (	(28230	+	31371)	/	2 )
=	163479	/	29800.5
=	5.49

Yamato Kogyo Co'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 )
=	41274	/ (	(33064	+	31371)	/	2 )
=	41274	/	32217.5
=	1.28

Yamato Kogyo Co (TSE:5444) 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.

Yamato Kogyo Co Receivables Turnover Related Terms

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Yamato Kogyo Co (TSE:5444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yamato Kogyo Co Ltd (TSE:5444) » Definitions » Receivables Turnover

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Address

380 Kibi,Otsu?ku, Himeji, Hyogo, JPN, 671-1192

Website

http://www.yamatokogyo.co.jp

Yamato Kogyo Co., Ltd. is a Japan-based investment holding company. The company is engaged in production and distribution of steel products, heavy-duty processing goods, railway track accessories, and other businesses, through a number of subsidiaries both at home and abroad. Steel products represent the majority of the company's revenue. Japan, South Korea, and Thailand are the three major markets for Yamato Kogyo. In Japan, the company primarily operates through its wholly owned Yamato Steel and Yamato Trackwork System. In the overseas market (primarily South Korea and Thailand), the company primarily operates through YK Steel Corporation and Siam Yamato Steel.

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