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Taiyo Yuden Co (TSE:6976) Receivables Turnover : 1.05 (As of Dec. 2023)


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What is Taiyo Yuden 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. Taiyo Yuden Co's Revenue for the three months ended in Dec. 2023 was 円86,386 Mil. Taiyo Yuden Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円82,498 Mil. Hence, Taiyo Yuden Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.05.


Taiyo Yuden Co Receivables Turnover Historical Data

The historical data trend for Taiyo Yuden 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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Taiyo Yuden Co Receivables Turnover Chart

Taiyo Yuden Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.43 4.20 4.23 4.07 4.26

Taiyo Yuden 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 1.02 1.08 1.05 0.98

Competitive Comparison of Taiyo Yuden Co's Receivables Turnover

For the Electronic Components subindustry, Taiyo Yuden 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.


Taiyo Yuden Co's Receivables Turnover Distribution in the Hardware Industry

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

* The bar in red indicates where Taiyo Yuden Co's Receivables Turnover falls into.



Taiyo Yuden Co Receivables Turnover Calculation

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

Taiyo Yuden 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 )
=322647 / ((70372 + 81199) / 2 )
=322647 / 75785.5
=4.26

Taiyo Yuden 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 )
=86386 / ((81663 + 83333) / 2 )
=86386 / 82498
=1.05

* 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.


Taiyo Yuden Co  (TSE:6976) 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.


Taiyo Yuden Co Receivables Turnover Related Terms

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Taiyo Yuden Co (TSE:6976) Business Description

Traded in Other Exchanges
Address
6-16-20, Ueno, Taito-ku, Tokyo, JPN, 110-0005
Taiyo Yuden produces passive components for electronic devices. Passive components are used to enable wireless communication, store electricity, handle electric flow, remove electromagnetic noise from circuits, and so on. Passive components are imperative for electronic circuits—for instance, one high-end smartphone contains more than 1,000 passive components. Taiyo Yuden is the global third multilayer ceramic capacitor player, with 13% market share in 2021.

Taiyo Yuden Co (TSE:6976) Headlines

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