Sharp (TSE:6753) Receivables Turnover : 1.32 (As of Mar. 2024)

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What is Sharp 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. Sharp's Revenue for the three months ended in Mar. 2024 was 円557,203 Mil. Sharp's average Accounts Receivable for the three months ended in Mar. 2024 was 円421,098 Mil. Hence, Sharp's Receivables Turnover for the three months ended in Mar. 2024 was 1.32.

Sharp Receivables Turnover Historical Data

The historical data trend for Sharp'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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Sharp Receivables Turnover Chart

Sharp Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.70

5.51

5.28

5.51

5.49

Sharp 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															1.23	1.25	1.36	1.32	1.32

Competitive Comparison of Sharp's Receivables Turnover

For the Consumer Electronics subindustry, Sharp'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.

Sharp's Receivables Turnover Distribution in the Hardware Industry

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

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

Sharp Receivables Turnover Calculation

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

Sharp'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 )
=	2321921	/ (	(438057	+	407538)	/	2 )
=	2321921	/	422797.5
=	5.49

Sharp's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	557203	/ (	(434658	+	407538)	/	2 )
=	557203	/	421098
=	1.32

Sharp (TSE:6753) 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.

Sharp Receivables Turnover Related Terms

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Sharp (TSE:6753) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sharp Corp (TSE:6753) » Definitions » Receivables Turnover

Comparable Companies

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SHCAY:USA SHCAF:USA SRP:Germany

Address

1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, JPN, 590-8522

Website

https://www.sharp.co.jp

Sharp Corp is a Japan-based company that is principally engaged in producing and selling a broad range of consumer and industrial electronic products. The company's business segments consist of the consumer electronics segment, the energy solutions segment, the business solutions segment, the electronic components and devices segment, and the display devices segment. The company generates over half of its revenue from the consumer electronics segment and the display devices segment. It has a global business presence, with China, Japan, the Americas, and Europe its four largest markets.

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