Odakyu Electric Railway Co (TSE:9007) Receivables Turnover : 4.09 (As of Dec. 2023)

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What is Odakyu Electric Railway 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. Odakyu Electric Railway Co's Revenue for the three months ended in Dec. 2023 was 円97,379 Mil. Odakyu Electric Railway Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円23,802 Mil. Hence, Odakyu Electric Railway Co's Receivables Turnover for the three months ended in Dec. 2023 was 4.09.

Odakyu Electric Railway Co Receivables Turnover Historical Data

The historical data trend for Odakyu Electric Railway 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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Odakyu Electric Railway Co Receivables Turnover Chart

Odakyu Electric Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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21.13

22.07

18.05

16.10

16.52

Odakyu Electric Railway Co 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															4.53	4.31	4.32	4.11	4.09

Competitive Comparison of Odakyu Electric Railway Co's Receivables Turnover

For the Railroads subindustry, Odakyu Electric Railway 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.

Odakyu Electric Railway Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Odakyu Electric Railway Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Odakyu Electric Railway Co's Receivables Turnover falls into.

Odakyu Electric Railway Co Receivables Turnover Calculation

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

Odakyu Electric Railway Co'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 )
=	395159	/ (	(24435	+	23408)	/	2 )
=	395159	/	23921.5
=	16.52

Odakyu Electric Railway Co'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 )
=	97379	/ (	(23443	+	24160)	/	2 )
=	97379	/	23801.5
=	4.09

Odakyu Electric Railway Co (TSE:9007) 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.

Odakyu Electric Railway Co Receivables Turnover Related Terms

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Odakyu Electric Railway Co (TSE:9007) Business Description

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ODERF:USA

Address

1-8-3 Nishishinjuku Shinjuku-ku, Tokyo, JPN, 160-8309

Website

http://www.odakyu.jp

Odakyu Electric Railway Co Ltd is a Japanese company which provides transportation services. The company has three reportable segments namely Transportation, Merchandising and Real Estate. The Transportation segment provides services through railway, bus, taxi, sightseeing boat, and ropeway. Merchandising segment operates departmental stores and supermarket. Real Estate segment is engaged in the sale of land and buildings, leasing of buildings and others. The company also offers services including hotel, restaurant, travel agent, golf course, railway maintenance service, building management and maintenance, advertising agency, horticulture and gardening, bookkeeping service, insurance agency, nursing and child care. The majority of the company's revenue comes from transportation business.

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