Mitsubishi Electric (Mitsubishi Electric) Receivables Turnover : 1.43 (As of Dec. 2023)

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What is Mitsubishi Electric 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. Mitsubishi Electric's Revenue for the three months ended in Dec. 2023 was $8,640 Mil. Mitsubishi Electric's average Accounts Receivable for the three months ended in Dec. 2023 was $6,023 Mil. Hence, Mitsubishi Electric's Receivables Turnover for the three months ended in Dec. 2023 was 1.43.

Mitsubishi Electric Receivables Turnover Historical Data

The historical data trend for Mitsubishi Electric'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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Mitsubishi Electric Receivables Turnover Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.74

4.93

4.62

4.63

4.73

Mitsubishi Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.52	1.54	1.22	1.44	1.43

Competitive Comparison of Mitsubishi Electric's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Receivables Turnover distribution charts can be found below:

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

Mitsubishi Electric Receivables Turnover Calculation

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

Mitsubishi Electric's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	37434.783	/ (	(7964.46	+	7867.778)	/	2 )
=	37434.783	/	7916.119
=	4.73

Mitsubishi Electric'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 )
=	8639.547	/ (	(6102.323	+	5944.076)	/	2 )
=	8639.547	/	6023.1995
=	1.43

Mitsubishi Electric (OTCPK:MIELY) 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.

Mitsubishi Electric Receivables Turnover Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

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MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.