Hisamitsu Pharmaceutical Co (TSE:4530) Receivables Turnover : 0.85 (As of Nov. 2023)

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What is Hisamitsu Pharmaceutical 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. Hisamitsu Pharmaceutical Co's Revenue for the three months ended in Nov. 2023 was 円35,850 Mil. Hisamitsu Pharmaceutical Co's average Accounts Receivable for the three months ended in Nov. 2023 was 円42,190 Mil. Hence, Hisamitsu Pharmaceutical Co's Receivables Turnover for the three months ended in Nov. 2023 was 0.85.

Hisamitsu Pharmaceutical Co Receivables Turnover Historical Data

The historical data trend for Hisamitsu Pharmaceutical 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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Hisamitsu Pharmaceutical Co Receivables Turnover Chart

Hisamitsu Pharmaceutical Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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3.16

2.58

3.08

3.27

3.40

Hisamitsu Pharmaceutical Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															0.94	0.81	0.86	0.85	0.91

Competitive Comparison of Hisamitsu Pharmaceutical Co's Receivables Turnover

For the Drug Manufacturers - Specialty & Generic subindustry, Hisamitsu Pharmaceutical 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.

Hisamitsu Pharmaceutical Co's Receivables Turnover Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hisamitsu Pharmaceutical Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Hisamitsu Pharmaceutical Co's Receivables Turnover falls into.

Hisamitsu Pharmaceutical Co Receivables Turnover Calculation

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

Hisamitsu Pharmaceutical Co's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	141706	/ (	(40014	+	43237)	/	2 )
=	141706	/	41625.5
=	3.40

Hisamitsu Pharmaceutical Co's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	35850	/ (	(41967	+	42412)	/	2 )
=	35850	/	42189.5
=	0.85

Hisamitsu Pharmaceutical Co (TSE:4530) 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.

Hisamitsu Pharmaceutical Co Receivables Turnover Related Terms

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Hisamitsu Pharmaceutical Co (TSE:4530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hisamitsu Pharmaceutical Co Inc (TSE:4530) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HPX:Germany

Address

408 Tashiro Daikan-machi, Tosu, Saga, JPN, 841-0017

Website

http://www.hisamitsu.co.jp

Hisamitsu Pharmaceutical Co Inc is a major pharmaceutical products manufacturer in Japan. The company collaborates with its subsidiaries and associates in operating its business across two segments, The Medical and Related Product segment and the Others segment. The Medical segment represents the company's foremost revenue generating operations. It markets drugs under the Salanpas, Salonsip, Lifecella, Mohrus and Keplat brands, which mainly serve topical medication needs with pain relief creams, gels, sprays, lotions and ointments. The Others segment refers to its miscellaneous businesses such as cable television broadcasting, internet connection, packing materials and insurance. Apart from its primary market in Japan, Hisamitsu has a reach across other regions like North America.

Hisamitsu Pharmaceutical Co (TSE:4530) Headlines

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