Balmuda (TSE:6612) Receivables Turnover : 1.13 (As of Mar. 2024)

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What is Balmuda 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. Balmuda's Revenue for the three months ended in Mar. 2024 was 円2,359 Mil. Balmuda's average Accounts Receivable for the three months ended in Mar. 2024 was 円2,091 Mil. Hence, Balmuda's Receivables Turnover for the three months ended in Mar. 2024 was 1.13.

Balmuda Receivables Turnover Historical Data

The historical data trend for Balmuda'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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Balmuda Receivables Turnover Chart

Balmuda Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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6.69

6.17

4.84

4.41

5.12

Balmuda Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.07	1.87	1.51	2.78	1.13

Competitive Comparison of Balmuda's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Balmuda'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.

Balmuda's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Balmuda's Receivables Turnover distribution charts can be found below:

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

Balmuda Receivables Turnover Calculation

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

Balmuda's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	13011	/ (	(2660	+	2423)	/	2 )
=	13011	/	2541.5
=	5.12

Balmuda'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 )
=	2359	/ (	(2423	+	1758)	/	2 )
=	2359	/	2090.5
=	1.13

Balmuda (TSE:6612) 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.

Balmuda Receivables Turnover Related Terms

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Balmuda (TSE:6612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Balmuda Inc (TSE:6612) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-1-21 Kyonancho, Musashino, Tokyo, JPN, 180-0023

Website

https://www.balmuda.com

Balmuda Inc is engaged in the design, development, manufacturing, and marketing and sales of home appliances. The product portfolio of the group include kitchen equipment, lighting equipment, cleaning equipment, audio and others.

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