Sakai Heavy Industries (TSE:6358) Receivables Turnover : 1.01 (As of Dec. 2023)

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What is Sakai Heavy Industries 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. Sakai Heavy Industries's Revenue for the three months ended in Dec. 2023 was 円7,516 Mil. Sakai Heavy Industries's average Accounts Receivable for the three months ended in Dec. 2023 was 円7,408 Mil. Hence, Sakai Heavy Industries's Receivables Turnover for the three months ended in Dec. 2023 was 1.01.

Sakai Heavy Industries Receivables Turnover Historical Data

The historical data trend for Sakai Heavy Industries'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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Sakai Heavy Industries Receivables Turnover Chart

Sakai Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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2.93

3.21

3.40

3.91

4.14

Sakai Heavy Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.89	1.15	0.95	1.18	1.01

Competitive Comparison of Sakai Heavy Industries's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Sakai Heavy Industries'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.

Sakai Heavy Industries's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sakai Heavy Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sakai Heavy Industries's Receivables Turnover falls into.

Sakai Heavy Industries Receivables Turnover Calculation

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

Sakai Heavy Industries's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	31459.945	/ (	(7137.752	+	8068.886)	/	2 )
=	31459.945	/	7603.319
=	4.14

Sakai Heavy Industries'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 )
=	7516.061	/ (	(7952.55	+	6864.31)	/	2 )
=	7516.061	/	7408.43
=	1.01

Sakai Heavy Industries (TSE:6358) 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.

Sakai Heavy Industries Receivables Turnover Related Terms

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Sakai Heavy Industries (TSE:6358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sakai Heavy Industries Ltd (TSE:6358) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-4-8 Shiba Daimon Minato-ku, Tokyo, JPN, 105-0012

Website

http://www.sakainet.co.jp

Sakai Heavy Industries Ltd is a Japan-based construction machinery manufacturing company. It is mainly engaged in the manufacturing and sale of compaction, road maintenance, and repair machines. Products offered by the company include earthmoving vibration roller, earthmoving vibration tandem roller, tire roller, macadam roller, vibrating tandem roller, vibrating combined roller, vibrating tire roller, vibrating macadam roller, rammer, plate compactor, backward and reverse plate compactor, handguide roller, road cutter, road stabilizer, asphalt finisher, drainage paving function recovery car, and sprinkler wheel.

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