EIZO (TSE:6737) Receivables Turnover : 1.32 (As of Dec. 2023)

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What is EIZO 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. EIZO's Revenue for the three months ended in Dec. 2023 was 円20,976 Mil. EIZO's average Accounts Receivable for the three months ended in Dec. 2023 was 円15,923 Mil. Hence, EIZO's Receivables Turnover for the three months ended in Dec. 2023 was 1.32.

EIZO Receivables Turnover Historical Data

The historical data trend for EIZO'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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EIZO Receivables Turnover Chart

EIZO Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.28

4.31

4.33

3.85

4.23

EIZO 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															1.34	1.03	1.18	1.32	1.23

Competitive Comparison of EIZO's Receivables Turnover

For the Computer Hardware subindustry, EIZO'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.

EIZO's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where EIZO's Receivables Turnover falls into.

EIZO Receivables Turnover Calculation

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

EIZO'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 )
=	80471	/ (	(18980	+	19110)	/	2 )
=	80471	/	19045
=	4.23

EIZO'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 )
=	20976	/ (	(14717	+	17128)	/	2 )
=	20976	/	15922.5
=	1.32

EIZO (TSE:6737) 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.

EIZO Receivables Turnover Related Terms

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EIZO (TSE:6737) Business Description

Industry

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Address

153 Shimokashiwano, Hakusan, Ishikawa, JPN, 924-8566

Website

http://www.eizo.co.jp

EIZO Corp is a Japanese computer display solutions provider. The company along with its subsidiaries develops and manufactures display products and other solutions for businesses, healthcare solutions, graphics, air traffic control, and maritime. Its product portfolio includes a variety of display monitors such as professional liquid crystal display, color management, home entertainment, medical, and industrial. Its product application is in various industries which include aviation, security, healthcare, and home entertainment. Most of its revenues are generated through the sale of visual display systems.

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