Anritsu (TSE:6754) Receivables Turnover : 1.19 (As of Mar. 2024)

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What is Anritsu 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. Anritsu's Revenue for the three months ended in Mar. 2024 was 円32,171 Mil. Anritsu's average Accounts Receivable for the three months ended in Mar. 2024 was 円26,929 Mil. Hence, Anritsu's Receivables Turnover for the three months ended in Mar. 2024 was 1.19.

Anritsu Receivables Turnover Historical Data

The historical data trend for Anritsu'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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Anritsu Receivables Turnover Chart

Anritsu Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.17

4.04

3.99

4.23

4.04

Anritsu 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															1.20	0.91	1.13	1.06	1.19

Competitive Comparison of Anritsu's Receivables Turnover

For the Electronic Components subindustry, Anritsu'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.

Anritsu's Receivables Turnover Distribution in the Hardware Industry

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

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

Anritsu Receivables Turnover Calculation

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

Anritsu'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 )
=	109952	/ (	(25798	+	28623)	/	2 )
=	109952	/	27210.5
=	4.04

Anritsu'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 )
=	32171	/ (	(25234	+	28623)	/	2 )
=	32171	/	26928.5
=	1.19

Anritsu (TSE:6754) 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.

Anritsu Receivables Turnover Related Terms

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Anritsu (TSE:6754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Anritsu Corp (TSE:6754) » Definitions » Receivables Turnover

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AITUY:USA AN1:Germany

Address

5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555

Website

http://www.anritsu.com

Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.

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