Tokai Carbon Co (TSE:5301) Receivables Turnover : 1.21 (As of Mar. 2024)

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What is Tokai Carbon 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. Tokai Carbon Co's Revenue for the three months ended in Mar. 2024 was 円82,161 Mil. Tokai Carbon Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円68,107 Mil. Hence, Tokai Carbon Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.21.

Tokai Carbon Co Receivables Turnover Historical Data

The historical data trend for Tokai Carbon 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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Tokai Carbon Co Receivables Turnover Chart

Tokai Carbon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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4.95

4.38

5.28

5.59

5.57

Tokai Carbon 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															1.35	1.43	1.33	1.43	1.21

Competitive Comparison of Tokai Carbon Co's Receivables Turnover

For the Specialty Chemicals subindustry, Tokai Carbon 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.

Tokai Carbon Co's Receivables Turnover Distribution in the Chemicals Industry

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

* The bar in red indicates where Tokai Carbon Co's Receivables Turnover falls into.

Tokai Carbon Co Receivables Turnover Calculation

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

Tokai Carbon 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 )
=	363946	/ (	(65197	+	65530)	/	2 )
=	363946	/	65363.5
=	5.57

Tokai Carbon 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 )
=	82161	/ (	(65530	+	70683)	/	2 )
=	82161	/	68106.5
=	1.21

Tokai Carbon Co (TSE:5301) 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.

Tokai Carbon Co Receivables Turnover Related Terms

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Tokai Carbon Co (TSE:5301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tokai Carbon Co Ltd (TSE:5301) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TKCBY:USA 7TC:Germany

Address

1-2-3 Kita Aoyama Building, Minato-ku, Tokyo, JPN, 107-8636

Website

http://www.tokaicarbon.co.jp

Tokai Carbon Co Ltd is a Japan-based manufacturer of carbon products which include, Carbon black, graphite electrodes, fine carbon friction material and manufactures industrial furnaces, and related products. It operates through three reportable segments, Carbon Black business, Carbon and Ceramics business, and Industrial Furnaces and Related Products business. Carbon black is mainly used as a reinforcing agent of industrial rubber products, typically auto tires. Carbon and Ceramics business segment produces artificial graphite electrodes for electric arc furnaces, fine carbon, carbon brush, impervious graphite, pencil lead-cores. Industrial Furnaces and Related Products segment include Industrial electric furnaces, gas furnaces, silicon carbide heating elements refractory, amongst others.

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