Honda Motor Co (FRA:HDM) Receivables Turnover : 1.50 (As of Sep. 2024)

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What is Honda Motor 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. Honda Motor Co's Revenue for the three months ended in Sep. 2024 was €33,989 Mil. Honda Motor Co's average Accounts Receivable for the three months ended in Sep. 2024 was €22,661 Mil. Hence, Honda Motor Co's Receivables Turnover for the three months ended in Sep. 2024 was 1.50.

Honda Motor Co Receivables Turnover Historical Data

The historical data trend for Honda Motor 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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Honda Motor Co Receivables Turnover Chart

Honda Motor Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.84

4.94

5.59

5.83

5.70

Honda Motor Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.54	1.60	1.47	1.37	1.50

Competitive Comparison of Honda Motor Co's Receivables Turnover

For the Auto Manufacturers subindustry, Honda Motor 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.

Honda Motor Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Motor Co's Receivables Turnover distribution charts can be found below:

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

Honda Motor Co Receivables Turnover Calculation

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

Honda Motor 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 )
=	125448.361	/ (	(20681.809	+	23326.805)	/	2 )
=	125448.361	/	22004.307
=	5.70

Honda Motor Co's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	33989.061	/ (	(23069.761	+	22252.004)	/	2 )
=	33989.061	/	22660.8825
=	1.50

Honda Motor Co (FRA:HDM) 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.

Honda Motor Co Receivables Turnover Related Terms

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Honda Motor Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Honda Motor Co Ltd (FRA:HDM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HNDAF:USA HMC:USA HMC:Mexico 7267:Japan 0J5T:UK HDM:Germany HDMA:Germany HDM:Germany HDMA:Germany HOND34:Brazil HMC:Argentina

Address

No. 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8556

Website

https://global.honda

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 22.9 million light vehicles and motorcycles in fiscal 2024 (4.1 million of which were autos), and consolidated sales were JPY 20.4 trillion. Automobiles constitute 66% of revenue and motorcycles 16%, with the rest split between power products and financial services. Honda also makes robots and private jets.

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