Takeuchi Mfg Co (TSE:6432) Receivables Turnover : 1.16 (As of Feb. 2024)

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What is Takeuchi Mfg 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. Takeuchi Mfg Co's Revenue for the three months ended in Feb. 2024 was 円53,796 Mil. Takeuchi Mfg Co's average Accounts Receivable for the three months ended in Feb. 2024 was 円46,187 Mil. Hence, Takeuchi Mfg Co's Receivables Turnover for the three months ended in Feb. 2024 was 1.16.

Takeuchi Mfg Co Receivables Turnover Historical Data

The historical data trend for Takeuchi Mfg 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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Takeuchi Mfg Co Receivables Turnover Chart

Takeuchi Mfg Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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4.78

4.27

5.33

5.82

5.30

Takeuchi Mfg 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															1.36	1.38	1.20	1.15	1.16

Competitive Comparison of Takeuchi Mfg Co's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Takeuchi Mfg 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.

Takeuchi Mfg Co's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

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

* The bar in red indicates where Takeuchi Mfg Co's Receivables Turnover falls into.

Takeuchi Mfg Co Receivables Turnover Calculation

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

Takeuchi Mfg 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 )
=	212627	/ (	(35739	+	44572)	/	2 )
=	212627	/	40155.5
=	5.30

Takeuchi Mfg Co's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	53796	/ (	(47802	+	44572)	/	2 )
=	53796	/	46187
=	1.16

Takeuchi Mfg Co (TSE:6432) 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.

Takeuchi Mfg Co Receivables Turnover Related Terms

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Takeuchi Mfg Co (TSE:6432) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Takeuchi Mfg Co Ltd (TSE:6432) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

205, Uwadaira, Sakaki-machi, Hanishina-gun, Nagano, Nagano Prefecture, JPN, 389-0605

Website

http://www.takeuchi-mfg.co.jp

Takeuchi Mfg Co Ltd manufactures construction machinery, including wheel and electrical compact excavators, track loaders, carriers, and mixers. Additional revenue is generated by distributing agitators for wastewater treatment facilities and manufacturers of chemicals, food, and other products. The company sells machinery to rental companies and dealers, distributors, and through trading companies to overseas distributors. Operating segments are reported by region: Japan, United States, United Kingdom, France, and China. Takeuchi's global sales network helps gain user feedback and discover areas to enhance support for customers. The majority of sales to external customers derive from Japan and the United States.

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