Takuma Co (TSE:6013) Receivables Turnover : 0.69 (As of Dec. 2023)

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What is Takuma 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. Takuma Co's Revenue for the three months ended in Dec. 2023 was 円38,936 Mil. Takuma Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円56,754 Mil. Hence, Takuma Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.69.

Takuma Co Receivables Turnover Historical Data

The historical data trend for Takuma 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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Takuma Co Receivables Turnover Chart

Takuma Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.19

1.86

2.27

4.05

4.31

Takuma 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															0.87	0.79	0.82	0.69	0.92

Competitive Comparison of Takuma Co's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Takuma 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.

Takuma Co's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Takuma Co's Receivables Turnover distribution charts can be found below:

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

Takuma Co Receivables Turnover Calculation

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

Takuma 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 )
=	149166	/ (	(36479	+	32731)	/	2 )
=	149166	/	34605
=	4.31

Takuma 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 )
=	38936	/ (	(49408	+	64100)	/	2 )
=	38936	/	56754
=	0.69

Takuma Co (TSE:6013) 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.

Takuma Co Receivables Turnover Related Terms

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Takuma Co (TSE:6013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Takuma Co Ltd (TSE:6013) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

2-2-33 Kinraku-cho, Amagasaki, Hyogo, JPN, 660-0806

Website

https://www.takuma.co.jp

Takuma Co Ltd develops a variety of technologies for waste and water treatment. It designs and constructs boilers, plant machinery, pollution-prevention plans, heating and cooling equipment, and sanitation equipment and facilities. Incinerators and recycling centers help sort, treat, and disperse resources in an efficient manner. The majority of customers are in Japan. The company works to provide solid waste treatment plants partnered with a selection of after-sales services and products. Takuma has four operating segments: domestic environment and energy, overseas environment and energy, package boiler, and equipment and system business. Cleaning systems, filters, and other equipment produce comfortable working conditions for customers.

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