Nitto Seimo Co (TSE:3524) Receivables Turnover : 0.62 (As of Jan. 2024)

Nitto Seimo Co Receivables Turnover Chart

Nitto Seimo Co Annual Data
	Trend	Apr14	Apr15	Apr16	Apr17	Apr18	Apr19	Apr20	Apr21	Apr22	Apr23
Receivables Turnover		Get a 7-Day Free Trial					2.71	2.62	2.60	2.85	3.03

Nitto Seimo Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															0.70	1.06	0.71	0.83	0.62

Competitive Comparison of Nitto Seimo Co's Receivables Turnover

For the Textile Manufacturing subindustry, Nitto Seimo 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.

Nitto Seimo Co's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nitto Seimo Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nitto Seimo Co's Receivables Turnover falls into.

Nitto Seimo Co Receivables Turnover Calculation

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

Nitto Seimo Co's Receivables Turnover for the fiscal year that ended in Apr. 2023 is calculated as

Nitto Seimo Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

* 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.

Nitto Seimo Co  (TSE:3524) 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.

Nitto Seimo Co Receivables Turnover Related Terms

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Nitto Seimo Co (TSE:3524) Business Description