Alps Alpine Co (TSE:6770) Receivables Turnover : 1.44 (As of Dec. 2023)

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What is Alps Alpine 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. Alps Alpine Co's Revenue for the three months ended in Dec. 2023 was 円260,350 Mil. Alps Alpine Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円181,338 Mil. Hence, Alps Alpine Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.44.

Alps Alpine Co Receivables Turnover Historical Data

The historical data trend for Alps Alpine 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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Alps Alpine Co Receivables Turnover Chart

Alps Alpine Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.86

5.36

5.27

5.60

5.75

Alps Alpine 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															1.39	1.29	1.46	1.44	1.38

Competitive Comparison of Alps Alpine Co's Receivables Turnover

For the Electronic Components subindustry, Alps Alpine 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.

Alps Alpine Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Alps Alpine Co's Receivables Turnover distribution charts can be found below:

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

Alps Alpine Co Receivables Turnover Calculation

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

Alps Alpine 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 )
=	964090	/ (	(176921	+	158584)	/	2 )
=	964090	/	167752.5
=	5.75

Alps Alpine 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 )
=	260350	/ (	(190797	+	171878)	/	2 )
=	260350	/	181337.5
=	1.44

Alps Alpine Co (TSE:6770) 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.

Alps Alpine Co Receivables Turnover Related Terms

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Alps Alpine Co (TSE:6770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Alps Alpine Co Ltd (TSE:6770) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

APELY:USA APELF:USA ALE:Germany

Address

1-7, Yukigaya-otsukamachi, Ota-ku, Tokyo, JPN, 145-8501

Website

https://www.alpsalpine.com

Alps Alpine Co Ltd operates in two major business segments: electronic components, automotive infotainment, lodistics and others.. The electronic components segment develops, manufactures, and sells a broad range of electronic components in both consumer and automotive markets. The automotive infotainment segment develops, produces, and markets audio, information, and communication equipment. The company generates the majority of revenue from the electronic components segment and the automotive infotainment segment. It has a business presence worldwide, with the United States, Japan, China, and Germany its four largest markets.

Alps Alpine Co (TSE:6770) Headlines

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