Yodogawa Steel Works (TSE:5451) Receivables Turnover : 1.02 (As of Dec. 2023)

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What is Yodogawa Steel Works 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. Yodogawa Steel Works's Revenue for the three months ended in Dec. 2023 was 円52,179 Mil. Yodogawa Steel Works's average Accounts Receivable for the three months ended in Dec. 2023 was 円51,238 Mil. Hence, Yodogawa Steel Works's Receivables Turnover for the three months ended in Dec. 2023 was 1.02.

Yodogawa Steel Works Receivables Turnover Historical Data

The historical data trend for Yodogawa Steel Works'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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Yodogawa Steel Works Receivables Turnover Chart

Yodogawa Steel Works Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.71

3.63

4.25

4.27

4.29

Yodogawa Steel Works 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															0.93	1.02	1.01	1.02	1.02

Competitive Comparison of Yodogawa Steel Works's Receivables Turnover

For the Steel subindustry, Yodogawa Steel Works'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.

Yodogawa Steel Works's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yodogawa Steel Works's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Yodogawa Steel Works's Receivables Turnover falls into.

Yodogawa Steel Works Receivables Turnover Calculation

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

Yodogawa Steel Works'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 )
=	203957	/ (	(49521	+	45474)	/	2 )
=	203957	/	47497.5
=	4.29

Yodogawa Steel Works's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	52179	/ (	(49310	+	53166)	/	2 )
=	52179	/	51238
=	1.02

Yodogawa Steel Works (TSE:5451) 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.

Yodogawa Steel Works Receivables Turnover Related Terms

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Yodogawa Steel Works (TSE:5451) Business Description

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Address

4-1-1 Minami-Honmachi, Chuo-ku, Osaka, JPN, 541-0054

Website

http://www.yodoko.co.jp

Yodogawa Steel Works Ltd is a Japan-based company primarily engaged in manufacturing of steel products. The company generates most of its revenue from its steel sheet segment, which is primarily engaged in the manufacturing and sale of cold-rolled steel, polished hoop steel, hot-dip galvanizing steel sheets, painted hot-dip galvanizing steel sheet, various steel sheets, other construction materials, and exterior products, as well as designing and engineering of construction work. Japan and Taiwan are the company's top two markets, jointly accounting for the majority of the company's sales.

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