Park24 Co (Park24 Co) Receivables Turnover : 3.86 (As of Jan. 2024)

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What is Park24 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. Park24 Co's Revenue for the three months ended in Jan. 2024 was $593 Mil. Park24 Co's average Accounts Receivable for the three months ended in Jan. 2024 was $154 Mil. Hence, Park24 Co's Receivables Turnover for the three months ended in Jan. 2024 was 3.86.

Park24 Co Receivables Turnover Historical Data

The historical data trend for Park24 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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Park24 Co Receivables Turnover Chart

Park24 Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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19.17

15.90

13.96

12.91

14.75

Park24 Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															4.24	3.96	3.89	3.77	3.86

Competitive Comparison of Park24 Co's Receivables Turnover

For the Infrastructure Operations subindustry, Park24 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.

Park24 Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Park24 Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Park24 Co's Receivables Turnover falls into.

Park24 Co Receivables Turnover Calculation

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

Park24 Co's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	2206.803	/ (	(141.331	+	157.922)	/	2 )
=	2206.803	/	149.6265
=	14.75

Park24 Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	592.853	/ (	(157.922	+	149.192)	/	2 )
=	592.853	/	153.557
=	3.86

Park24 Co (OTCPK:PKCOY) 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.

Park24 Co Receivables Turnover Related Terms

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Park24 Co (Park24 Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Park24 Co Ltd (OTCPK:PKCOY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

4666:Japan 5FJ:Germany

Address

2-20-4 Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-8924

Website

https://www.park24.co.jp

Park24 Co Ltd is a Japanese operator of parking facilities. The company is organised into two segments: parking business Japan, Parking Business International and mobility business. The parking business, which contributes the majority of revenue, operates fully-automated parking facilities and related services. The Parking business in international segment provides Parking facility management in overseas. The mobility business car rental services through the Times Car RENTAL brand, car sharing services through the Times Car PLUS brand, and related services. While Park 24 operates in Japan, Taiwan, and South Korea, the company earns the majority of revenue domestically.