Tadano (TSE:6395) Receivables Turnover : 1.64 (As of Mar. 2024)

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What is Tadano 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. Tadano's Revenue for the three months ended in Mar. 2024 was 円62,460 Mil. Tadano's average Accounts Receivable for the three months ended in Mar. 2024 was 円38,124 Mil. Hence, Tadano's Receivables Turnover for the three months ended in Mar. 2024 was 1.64.

Tadano Receivables Turnover Historical Data

The historical data trend for Tadano'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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Tadano Receivables Turnover Chart

Tadano Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Receivables Turnover

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3.90

4.25

4.30

3.58

4.61

Tadano 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															1.46	1.53	1.60	1.75	1.64

Competitive Comparison of Tadano's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.

Tadano's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Receivables Turnover distribution charts can be found below:

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

Tadano Receivables Turnover Calculation

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

Tadano's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

	Receivables Turnover (A: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2022 )	/ (	(Accounts Receivable (A: Mar. 2021 )	+	Accounts Receivable (A: Mar. 2022 ))	/	count )
=	205661	/ (	(44716	+	44494)	/	2 )
=	205661	/	44605
=	4.61

Tadano'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 )
=	62460	/ (	(44100	+	32147)	/	2 )
=	62460	/	38123.5
=	1.64

Tadano (TSE:6395) 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.

Tadano Receivables Turnover Related Terms

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Tadano (TSE:6395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tadano Ltd (TSE:6395) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TN0:Germany

Address

34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City, JPN, 761-0185

Website

http://www.tadano.co.jp

Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has three reportable segments: Japan (majority of total revenue), Europe, and Americas. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.

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