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Takara Standard Co (TSE:7981) Receivables Turnover : 1.41 (As of Mar. 2024)


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What is Takara Standard 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. Takara Standard Co's Revenue for the three months ended in Mar. 2024 was 円55,326 Mil. Takara Standard Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円39,208 Mil. Hence, Takara Standard Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.41.


Takara Standard Co Receivables Turnover Historical Data

The historical data trend for Takara Standard 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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Takara Standard Co Receivables Turnover Chart

Takara Standard Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.95 4.28 5.63 6.17 6.26

Takara Standard 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 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 1.36 1.47 1.45 1.60 1.41

Competitive Comparison of Takara Standard Co's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Takara Standard 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.


Takara Standard Co's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

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

* The bar in red indicates where Takara Standard Co's Receivables Turnover falls into.



Takara Standard Co Receivables Turnover Calculation

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

Takara Standard 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 )
=234738 / ((37921 + 37082) / 2 )
=234738 / 37501.5
=6.26

Takara Standard Co'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 )
=55326 / ((41333 + 37082) / 2 )
=55326 / 39207.5
=1.41

* 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.


Takara Standard Co  (TSE:7981) 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.


Takara Standard Co Receivables Turnover Related Terms

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Takara Standard Co (TSE:7981) Business Description

Traded in Other Exchanges
N/A
Address
1-2-1 Shigino-higashi, Joto-ku, Osaka, JPN, 536-8536
Takara Standard Co Ltd is in the business of providing housing equipment made with enamel. Its products include system kitchens, enameled stainless steel bathtubs, system baths, enameled washstand, sink units, hot water heaters, enamel wall covering material, heating appliances and other home appliances and equipment. The company operates mainly in Japan.

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