Teikoku Sen-I Co (TSE:3302) Receivables Turnover : 1.43 (As of Mar. 2024)

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What is Teikoku Sen-I 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. Teikoku Sen-I Co's Revenue for the three months ended in Mar. 2024 was 円13,621 Mil. Teikoku Sen-I Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円9,527 Mil. Hence, Teikoku Sen-I Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.

Teikoku Sen-I Co Receivables Turnover Historical Data

The historical data trend for Teikoku Sen-I 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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Teikoku Sen-I Co Receivables Turnover Chart

Teikoku Sen-I Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.47

3.24

3.10

4.32

Teikoku Sen-I 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															1.33	0.64	0.86	1.55	1.43

Competitive Comparison of Teikoku Sen-I Co's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Teikoku Sen-I 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.

Teikoku Sen-I Co's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Teikoku Sen-I Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Teikoku Sen-I Co's Receivables Turnover falls into.

Teikoku Sen-I Co Receivables Turnover Calculation

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

Teikoku Sen-I Co'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 )
=	28032.714	/ (	(6665.427	+	6299.418)	/	2 )
=	28032.714	/	6482.4225
=	4.32

Teikoku Sen-I 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 )
=	13621.269	/ (	(6299.418	+	12754.098)	/	2 )
=	13621.269	/	9526.758
=	1.43

Teikoku Sen-I Co (TSE:3302) 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.

Teikoku Sen-I Co Receivables Turnover Related Terms

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Teikoku Sen-I Co (TSE:3302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Teikoku Sen-I Co Ltd (TSE:3302) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

5-13, Nihonbashi 2-Chome, Chuo-Ku, Tokyo, JPN

Website

http://www.teisen.co.jp

Teikoku Sen-I Co Ltd manufactures and sells disaster prevention products and equipment. It offers disaster prevention products including fire hoses and fire-fighting systems; rescue and special purpose vehicles; rescue and search equipment; and anti-CBRNE terrorism and HazMat equipment consisting of detection, decontamination, protection, monitoring, and other equipment. It also provides firefighting and specialized protective clothing products; industrial rubber goods and tents; and linen yarns and fabrics. The company also offers related equipment all over Japan.

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