IHI (TSE:7013) Receivables Turnover : 1.02 (As of Dec. 2023)

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What is IHI 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. IHI's Revenue for the three months ended in Dec. 2023 was 円396,353 Mil. IHI's average Accounts Receivable for the three months ended in Dec. 2023 was 円389,759 Mil. Hence, IHI's Receivables Turnover for the three months ended in Dec. 2023 was 1.02.

IHI Receivables Turnover Historical Data

The historical data trend for IHI'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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IHI Receivables Turnover Chart

IHI Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.06

3.79

3.28

3.39

3.72

IHI 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															1.01	1.11	0.80	0.45	1.02

Competitive Comparison of IHI's Receivables Turnover

For the Specialty Industrial Machinery subindustry, IHI'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.

IHI's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, IHI's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IHI's Receivables Turnover falls into.

IHI Receivables Turnover Calculation

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

IHI's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	1352940	/ (	(347998	+	378446)	/	2 )
=	1352940	/	363222
=	3.72

IHI'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 )
=	396353	/ (	(390624	+	388894)	/	2 )
=	396353	/	389759
=	1.02

IHI (TSE:7013) 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.

IHI Receivables Turnover Related Terms

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IHI (TSE:7013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » IHI Corp (TSE:7013) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IHICY:USA IHICF:USA IWJ:Germany

Address

1-1, Toyosu 3-chome, Koto-ku, Tokyo, JPN, 135-8710

Website

http://www.ihi.co.jp

IHI Corp produces power systems and plants, large steel structures, marine machinery, aerospace engines, and other industrial solutions. The global company attempts to develop innovative solutions and engineering capabilities for multiple projects and maintenance platforms. Its products cover a wide range of functions, including energy supply and distribution, urban development, enhancing manufacturing processes, and utilizing technologies for air travel. Revenues are roughly split between the company's four business areas: resources, energy, and environment; social infrastructure and offshore facilities; industrial systems and general-purpose machinery; and aero engine, space, and defense. Asia accounts for the majority of total sales, with China and Japan being key regions.

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