Mitsubishi Shokuhin Co (TSE:7451) Receivables Turnover : 1.31 (As of Dec. 2023)

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What is Mitsubishi Shokuhin 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. Mitsubishi Shokuhin Co's Revenue for the three months ended in Dec. 2023 was 円545,233 Mil. Mitsubishi Shokuhin Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円415,478 Mil. Hence, Mitsubishi Shokuhin Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.31.

Mitsubishi Shokuhin Co Receivables Turnover Historical Data

The historical data trend for Mitsubishi Shokuhin 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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Mitsubishi Shokuhin Co Receivables Turnover Chart

Mitsubishi Shokuhin Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.08

8.24

6.25

6.09

5.71

Mitsubishi Shokuhin 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															1.24	1.49	1.43	1.31	1.19

Competitive Comparison of Mitsubishi Shokuhin Co's Receivables Turnover

For the Food Distribution subindustry, Mitsubishi Shokuhin 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.

Mitsubishi Shokuhin Co's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mitsubishi Shokuhin Co's Receivables Turnover distribution charts can be found below:

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

Mitsubishi Shokuhin Co Receivables Turnover Calculation

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

Mitsubishi Shokuhin 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 )
=	2076381	/ (	(338022	+	389262)	/	2 )
=	2076381	/	363642
=	5.71

Mitsubishi Shokuhin 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 )
=	545233	/ (	(397491	+	433464)	/	2 )
=	545233	/	415477.5
=	1.31

Mitsubishi Shokuhin Co (TSE:7451) 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.

Mitsubishi Shokuhin Co Receivables Turnover Related Terms

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Mitsubishi Shokuhin Co (TSE:7451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mitsubishi Shokuhin Co Ltd (TSE:7451) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-1-1 Heiwajima, Ota-ku, Tokyo, JPN, 1436556

Website

http://www.mitsubishi-shokuhin.com

Mitsubishi Shokuhin Co Ltd is a Japan-based company engaged in the food and beverage business. The company offers processed foods, frozen and chilled foods, alcoholic beverages and confectioneries at wholesale prices. Its product portfolio includes seasoning products, noodles, dry goods, alcoholic and non-alcoholic beverages, frozen foods, confectionery. It also operates in the real estate management and logistics business. The majority of the revenues are derived from the processed foods business and frozen and chilled foods business.

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