Tachibana Eletech Co (TSE:8159) Receivables Turnover : 0.73 (As of Dec. 2023)

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What is Tachibana Eletech 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. Tachibana Eletech Co's Revenue for the three months ended in Dec. 2023 was 円55,965 Mil. Tachibana Eletech Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円76,628 Mil. Hence, Tachibana Eletech Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.73.

Tachibana Eletech Co Receivables Turnover Historical Data

The historical data trend for Tachibana Eletech 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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Tachibana Eletech Co Receivables Turnover Chart

Tachibana Eletech Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

2.78

2.88

3.25

3.27

3.03

Tachibana Eletech 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															0.79	0.76	0.78	0.73	0.79

Competitive Comparison of Tachibana Eletech Co's Receivables Turnover

For the Electronic Components subindustry, Tachibana Eletech 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.

Tachibana Eletech Co's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Tachibana Eletech Co's Receivables Turnover falls into.

Tachibana Eletech Co Receivables Turnover Calculation

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

Tachibana Eletech 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 )
=	231042	/ (	(74428	+	77908)	/	2 )
=	231042	/	76168
=	3.03

Tachibana Eletech 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 )
=	55965	/ (	(77685	+	75571)	/	2 )
=	55965	/	76628
=	0.73

Tachibana Eletech Co (TSE:8159) 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.

Tachibana Eletech Co Receivables Turnover Related Terms

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Tachibana Eletech Co (TSE:8159) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tachibana Eletech Co Ltd (TSE:8159) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-13-25, Nishi-honmachi, Nishi-ku, Osaka, JPN, 550-8555

Website

http://www.tachibana.co.jp

Tachibana Eletech Co Ltd is a Japan based technology driven company engaged in the sale of factory automation systems. It operates in the segments of Factory automation systems business, Semiconductors and electronic devices business, and Building services systems business. The company derives a majority of the revenue from the Factory automation systems business, which involves products and services like programmable controllers, inverters, AC servos, various types of motors, power distribution control equipment and control devices, industrial robots, and other products. It has a business presence in Japan and various other countries.

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