Fuso Chemical Co (TSE:4368) Receivables Turnover : 0.98 (As of Mar. 2024)

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What is Fuso Chemical 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. Fuso Chemical Co's Revenue for the three months ended in Mar. 2024 was 円15,835 Mil. Fuso Chemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円16,162 Mil. Hence, Fuso Chemical Co's Receivables Turnover for the three months ended in Mar. 2024 was 0.98.

Fuso Chemical Co Receivables Turnover Historical Data

The historical data trend for Fuso Chemical 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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Fuso Chemical Co Receivables Turnover Chart

Fuso Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

3.90

4.05

4.38

4.59

3.75

Fuso Chemical 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															1.00	0.96	0.96	1.04	0.98

Competitive Comparison of Fuso Chemical Co's Receivables Turnover

For the Chemicals subindustry, Fuso Chemical 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.

Fuso Chemical Co's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Fuso Chemical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fuso Chemical Co's Receivables Turnover falls into.

Fuso Chemical Co Receivables Turnover Calculation

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

Fuso Chemical 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 )
=	58970.273	/ (	(14968.781	+	16457.71)	/	2 )
=	58970.273	/	15713.2455
=	3.75

Fuso Chemical 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 )
=	15835.24	/ (	(15865.829	+	16457.71)	/	2 )
=	15835.24	/	16161.7695
=	0.98

Fuso Chemical Co (TSE:4368) 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.

Fuso Chemical Co Receivables Turnover Related Terms

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Fuso Chemical Co (TSE:4368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Fuso Chemical Co Ltd (TSE:4368) » Definitions » Receivables Turnover

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Address

4-10-3 Koraibashi, Nissei Fushimicho Building New Building 5th Floor, Chuo-ku, Osaka, JPN, 541-0043

Website

http://www.fusokk.co.jp

Fuso Chemical Co Ltd is a Japan-based company which is mainly engaged in the life science business and the electronic material and functional chemical business. It is involved in the manufacturing and selling of fruit acids, including apple acids, gluconic acid and citric acids, as well as application development products. It also provides electronic materials, including high-purity spherical silica; functional chemicals, including plastic, paint additives and resin additives, as well as fine chemicals.

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