Nisshinbo Holdings (TSE:3105) Receivables Turnover : 1.07 (As of Mar. 2024)

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What is Nisshinbo Holdings 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. Nisshinbo Holdings's Revenue for the three months ended in Mar. 2024 was 円130,754 Mil. Nisshinbo Holdings's average Accounts Receivable for the three months ended in Mar. 2024 was 円121,858 Mil. Hence, Nisshinbo Holdings's Receivables Turnover for the three months ended in Mar. 2024 was 1.07.

Nisshinbo Holdings Receivables Turnover Historical Data

The historical data trend for Nisshinbo Holdings'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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Nisshinbo Holdings Receivables Turnover Chart

Nisshinbo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.11

4.31

4.92

4.97

Nisshinbo Holdings 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															1.30	1.15	1.26	1.31	1.07

Competitive Comparison of Nisshinbo Holdings's Receivables Turnover

For the Conglomerates subindustry, Nisshinbo Holdings'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.

Nisshinbo Holdings's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nisshinbo Holdings's Receivables Turnover distribution charts can be found below:

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

Nisshinbo Holdings Receivables Turnover Calculation

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

Nisshinbo Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	541211	/ (	(102978	+	114613)	/	2 )
=	541211	/	108795.5
=	4.97

Nisshinbo Holdings'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 )
=	130754	/ (	(114613	+	129102)	/	2 )
=	130754	/	121857.5
=	1.07

Nisshinbo Holdings (TSE:3105) 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.

Nisshinbo Holdings Receivables Turnover Related Terms

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Nisshinbo Holdings (TSE:3105) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nisshinbo Holdings Inc (TSE:3105) » Definitions » Receivables Turnover

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NSHBY:USA

Address

2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8650

Website

http://www.nisshinbo.co.jp

Nisshinbo Holdings Inc is a Japan-based company that is primarily engaged in electronics, automobile brake, textile, paper, and precision instrument businesses. The company's electronics business provides shipping navigation technology, network equipment, microwave-related products, semiconductor devices, and others. The automobile brake business manufactures friction materials and assembly products. The textile business primarily manufactures non-iron shirts, non-woven fabrics, and spandex. The paper business mainly manufactures household paper, specialty paper, and processed paper products. The precision instrument business produces plastic molding parts, precision parts and others.

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