Toyota Tsusho (TSE:8015) Receivables Turnover : 1.40 (As of Mar. 2024)

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What is Toyota Tsusho 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. Toyota Tsusho's Revenue for the three months ended in Mar. 2024 was 円2,478,798 Mil. Toyota Tsusho's average Accounts Receivable for the three months ended in Mar. 2024 was 円1,766,967 Mil. Hence, Toyota Tsusho's Receivables Turnover for the three months ended in Mar. 2024 was 1.40.

Toyota Tsusho Receivables Turnover Historical Data

The historical data trend for Toyota Tsusho'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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Toyota Tsusho Receivables Turnover Chart

Toyota Tsusho Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.05

4.75

5.01

5.58

5.78

Toyota Tsusho 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															1.44	1.44	1.42	1.44	1.40

Competitive Comparison of Toyota Tsusho's Receivables Turnover

For the Conglomerates subindustry, Toyota Tsusho'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.

Toyota Tsusho's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Toyota Tsusho's Receivables Turnover distribution charts can be found below:

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

Toyota Tsusho Receivables Turnover Calculation

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

Toyota Tsusho'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 )
=	10188979	/ (	(1730426	+	1797818)	/	2 )
=	10188979	/	1764122
=	5.78

Toyota Tsusho'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 )
=	2478798	/ (	(1736116	+	1797818)	/	2 )
=	2478798	/	1766967
=	1.40

Toyota Tsusho (TSE:8015) 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.

Toyota Tsusho Receivables Turnover Related Terms

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Toyota Tsusho (TSE:8015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Toyota Tsusho Corp (TSE:8015) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TYHOF:USA 9TO:Germany

Address

9-8, Meieki 4-chome, Nakamura-ku, Nagoya, JPN, 450-8575

Website

http://www.toyota-tsusho.com

Toyota Tsusho Corporation is a trading company. The company has six major divisions. The Metal division processes and distributes various steel products, and others. Global Parts and Logistics division is engaged in warehousing and logistics services and others. Automobile division is engaged in automobile parts selling, used vehicles and parts exporting/importing, and others. Machinery, Energy and Plant Project division provides mechanical equipment, various industrial machineries, petroleum products and others. Chemical and Electronics division provides semiconductors, electronic devices, software, chemicals, resins and others. Food and Customer Services division manufactures and sells apparel, food and others. Asian market accounts for majority of the company's sales.

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