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Teikoku Tsushin Kogyo Co (TSE:6763) Receivables Turnover : 0.99 (As of Dec. 2023)


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What is Teikoku Tsushin 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. Teikoku Tsushin Kogyo Co's Revenue for the three months ended in Dec. 2023 was 円3,859 Mil. Teikoku Tsushin Kogyo Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円3,882 Mil. Hence, Teikoku Tsushin Kogyo Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.99.


Teikoku Tsushin Kogyo Co Receivables Turnover Historical Data

The historical data trend for Teikoku Tsushin 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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Teikoku Tsushin Kogyo Co Receivables Turnover Chart

Teikoku Tsushin Kogyo Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.42 4.99 4.29 4.48 4.54

Teikoku Tsushin Kogyo Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 1.05 1.01 1.10 0.99

Competitive Comparison of Teikoku Tsushin Kogyo Co's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Teikoku Tsushin 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.


Teikoku Tsushin Kogyo Co's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Teikoku Tsushin Kogyo Co Receivables Turnover Calculation

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

Teikoku Tsushin Kogyo Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=16493.67 / ((3473.688 + 3788.719) / 2 )
=16493.67 / 3631.2035
=4.54

Teikoku Tsushin Kogyo 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 )
=3859.423 / ((3981.343 + 3782.15) / 2 )
=3859.423 / 3881.7465
=0.99

* 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.


Teikoku Tsushin Kogyo Co  (TSE:6763) 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.


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Teikoku Tsushin Kogyo Co (TSE:6763) Business Description

Traded in Other Exchanges
N/A
Address
Kariyado No. 1, No. 45 Nakahara-ku, Kawasaki City, Kanagawa, JPN, 211-8530
Teikoku Tsushin Kogyo Co Ltd provides various electronic parts and equipment in Japan and internationally. It offers discrete products comprising potentiometers, resistance sensors, trimmer potentiometers, switches, encoders, plugs, and fixed resistors; and integrated control box products used in automotive, gaming devices, photographic equipment, video devices, heaters, home appliances, office equipment, video recorders, medical and health devices.

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