Fukuda Denshi Co (TSE:6960) Receivables Turnover : 1.02 (As of Dec. 2023)

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What is Fukuda Denshi 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. Fukuda Denshi Co's Revenue for the three months ended in Dec. 2023 was 円32,717 Mil. Fukuda Denshi Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円32,182 Mil. Hence, Fukuda Denshi Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.02.

Fukuda Denshi Co Receivables Turnover Historical Data

The historical data trend for Fukuda Denshi 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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Fukuda Denshi Co Receivables Turnover Chart

Fukuda Denshi Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

3.62

3.69

3.31

3.62

3.76

Fukuda Denshi Co 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															1.22	0.88	1.22	1.02	1.21

Competitive Comparison of Fukuda Denshi Co's Receivables Turnover

For the Medical Devices subindustry, Fukuda Denshi 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.

Fukuda Denshi Co's Receivables Turnover Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Fukuda Denshi Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fukuda Denshi Co's Receivables Turnover falls into.

Fukuda Denshi Co Receivables Turnover Calculation

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

Fukuda Denshi Co'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 )
=	140323	/ (	(37944	+	36770)	/	2 )
=	140323	/	37357
=	3.76

Fukuda Denshi 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 )
=	32717	/ (	(33009	+	31354)	/	2 )
=	32717	/	32181.5
=	1.02

Fukuda Denshi Co (TSE:6960) 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.

Fukuda Denshi Co Receivables Turnover Related Terms

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Fukuda Denshi Co (TSE:6960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Fukuda Denshi Co Ltd (TSE:6960) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

39-4, Hongo 3-chome, Bunkyo-ku, Tokyo, JPN, 113-8483

Website

http://www.fukuda.co.jp

Fukuda Denshi Co Ltd develops and manufactures medical electronic equipment. The firm operates in four segments: physiological diagnostic equipment, patient monitoring equipment, medical treatment equipment, and consumables and other products. The physiological diagnostic equipment business sells electrocardiographs, vascular screening systems, and blood cell counters. The patient monitoring equipment segment sells patient monitors and transmitters. The medical treatment equipment segment contributes the largest proportion of revenue and sells pacemakers and medical equipment for home treatment. The consumables and other products segment sells disposable electrodes and consumables used for the firm's devices. Fukuda Denshi generates the vast majority of its sales in Japan.

Fukuda Denshi Co (TSE:6960) Headlines

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