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Furuya Metal Co (TSE:7826) Receivables Turnover : 2.46 (As of Dec. 2023)


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What is Furuya Metal 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. Furuya Metal Co's Revenue for the three months ended in Dec. 2023 was 円10,996 Mil. Furuya Metal Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円4,477 Mil. Hence, Furuya Metal Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.46.


Furuya Metal Co Receivables Turnover Historical Data

The historical data trend for Furuya Metal 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.

* Premium members only.

Furuya Metal Co Receivables Turnover Chart

Furuya Metal Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.71 8.23 7.94 8.40 9.43

Furuya Metal 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 2.34 2.55 2.15 2.15 2.46

Competitive Comparison of Furuya Metal Co's Receivables Turnover

For the Electronic Components subindustry, Furuya Metal 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.


Furuya Metal Co's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Furuya Metal Co's Receivables Turnover falls into.



Furuya Metal Co Receivables Turnover Calculation

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

Furuya Metal Co's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=48115 / ((5317 + 4892) / 2 )
=48115 / 5104.5
=9.43

Furuya Metal 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 )
=10996 / ((4543 + 4410) / 2 )
=10996 / 4476.5
=2.46

* 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.


Furuya Metal Co  (TSE:7826) 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.


Furuya Metal Co Receivables Turnover Related Terms

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Furuya Metal Co (TSE:7826) Business Description

Traded in Other Exchanges
N/A
Address
MSB-21 Minami Otsuka Building, 2-37-5 Minami Otsuka, Toshima-ku, Tokyo, JPN, 170 0005
Furuya Metal Co Ltd is a Japanese based company. It manufactures and sells industrial-use precious metal products such as iridium and platinum and temperature sensors. It also engages in the sale of electronic materials, semiconductor-related products and offers thin film components. It provides various products including crucibles, seed holders, platinum bead dishes, tongs, mesh, sheet, foil, pipe, wire, thermocouples, sputtering targets, among others.

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