MTG Co (TSE:7806) Receivables Turnover : 2.29 (As of Mar. 2024)

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What is MTG 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. MTG Co's Revenue for the three months ended in Mar. 2024 was 円15,661 Mil. MTG Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円6,853 Mil. Hence, MTG Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.29.

MTG Co Receivables Turnover Historical Data

The historical data trend for MTG 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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MTG Co Receivables Turnover Chart

MTG Co Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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5.56

9.18

10.41

10.73

11.08

MTG 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															2.32	2.98	2.93	2.47	2.29

Competitive Comparison of MTG Co's Receivables Turnover

For the Household & Personal Products subindustry, MTG 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.

MTG Co's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, MTG Co's Receivables Turnover distribution charts can be found below:

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

MTG Co Receivables Turnover Calculation

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

MTG Co's Receivables Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	60154	/ (	(4838	+	6017)	/	2 )
=	60154	/	5427.5
=	11.08

MTG Co'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 )
=	15661	/ (	(7809	+	5897)	/	2 )
=	15661	/	6853
=	2.29

MTG Co (TSE:7806) 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.

MTG Co Receivables Turnover Related Terms

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MTG Co (TSE:7806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » MTG Co Ltd (TSE:7806) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-32 Honjin-dori, Nakamura-ku nagoya-shi Aichi, Nagoya, JPN, 453-0041

Website

http://www.mtg.gr.jp

MTG Co Ltd is a Japan-based company engages in the manufacture of personal care products. The company is primarily engaged in the planning, development, manufacturing, and selling of beauty devices, cosmetics, and quasi-drug products. It is also involved in the development and manufacturing of fitness equipment. The company offers its products under the ReFa, SIXPAD, MDNA SKIN, kirala, ReFa Active, PLOSION, Style, PAO, INBEAUTE, Obleu, TAIKAN STREAM, CAXA UP, LIPLU, and Glamure.

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