Wakita (TSE:8125) Receivables Turnover : 1.11 (As of Nov. 2023)

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What is Wakita 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. Wakita's Revenue for the three months ended in Nov. 2023 was 円23,167 Mil. Wakita's average Accounts Receivable for the three months ended in Nov. 2023 was 円20,798 Mil. Hence, Wakita's Receivables Turnover for the three months ended in Nov. 2023 was 1.11.

Wakita Receivables Turnover Historical Data

The historical data trend for Wakita'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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Wakita Receivables Turnover Chart

Wakita Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Receivables Turnover

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2.88

2.68

3.17

3.70

4.38

Wakita Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															0.99	1.00	1.11	1.11	1.11

Competitive Comparison of Wakita's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Wakita'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.

Wakita's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Wakita's Receivables Turnover distribution charts can be found below:

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

Wakita Receivables Turnover Calculation

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

Wakita's Receivables Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Receivables Turnover (A: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Feb. 2024 )	/ (	(Accounts Receivable (A: Feb. 2023 )	+	Accounts Receivable (A: Feb. 2024 ))	/	count )
=	88654	/ (	(20181	+	20265)	/	2 )
=	88654	/	20223
=	4.38

Wakita's Receivables Turnover for the quarter that ended in Nov. 2023 is calculated as

	Receivables Turnover (Q: Nov. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Nov. 2023 )	/ (	(Accounts Receivable (Q: Aug. 2023 )	+	Accounts Receivable (Q: Nov. 2023 ))	/	count )
=	23167	/ (	(19891	+	21705)	/	2 )
=	23167	/	20798
=	1.11

Wakita (TSE:8125) 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.

Wakita Receivables Turnover Related Terms

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Wakita (TSE:8125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wakita & Co Ltd (TSE:8125) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-3-20 Edobori, Nishi-ku, Osaka, JPN, 550-0002

Website

http://www.wakita.co.jp

Wakita & Co Ltd is a trading company that manufactures, sells, and leases civil engineering and construction equipment. It also conducts business in diverse fields, including audiovisual equipment, stone materials for construction use, and industrial and commercial facilities and equipment. Wakita provides comprehensive assistance, from construction to finance, for a broad range of industrial facilities and equipment in manufacturing, transportation, communications, agricultural, medical and information communications industries. The company operates through over 70 offices across Japan.

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