Daikoku Denki Co (TSE:6430) Receivables Turnover : 2.08 (As of Dec. 2023)

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What is Daikoku Denki 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. Daikoku Denki Co's Revenue for the three months ended in Dec. 2023 was 円14,680 Mil. Daikoku Denki Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円7,047 Mil. Hence, Daikoku Denki Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.08.

Daikoku Denki Co Receivables Turnover Historical Data

The historical data trend for Daikoku Denki 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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Daikoku Denki Co Receivables Turnover Chart

Daikoku Denki Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.20

7.04

6.46

7.93

8.27

Daikoku Denki Co 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															2.17	1.31	3.23	2.63	2.08

Competitive Comparison of Daikoku Denki Co's Receivables Turnover

For the Computer Hardware subindustry, Daikoku Denki 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.

Daikoku Denki Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Daikoku Denki Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Daikoku Denki Co's Receivables Turnover falls into.

Daikoku Denki Co Receivables Turnover Calculation

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

Daikoku Denki Co'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 )
=	31824.323	/ (	(2948.718	+	4745.62)	/	2 )
=	31824.323	/	3847.169
=	8.27

Daikoku Denki Co'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 )
=	14680.46	/ (	(4888.816	+	9204.351)	/	2 )
=	14680.46	/	7046.5835
=	2.08

Daikoku Denki Co (TSE:6430) 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.

Daikoku Denki Co Receivables Turnover Related Terms

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Daikoku Denki Co (TSE:6430) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daikoku Denki Co Ltd (TSE:6430) » Definitions » Receivables Turnover

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Address

No. 43, No. 5-chome, Nagoya Nagono, JPN

Website

http://www.daikoku.co.jp

Daikoku Denki Co Ltd engages in the development, manufacture, and sale of computer systems for pachinko halls and pachislo game machines. Its operations include Information Systems unit which deals with the development, manufacture, and sale of computer systems, customer premium management systems, and information disclosure systems for pachinko halls. It also offers control systems which involve in the development, manufacture, and sale of display units and control units of pachinko game machines.

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