Taisei (Taisei) Receivables Turnover : 0.59 (As of Dec. 2023)

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What is Taisei 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. Taisei's Revenue for the three months ended in Dec. 2023 was $2,835 Mil. Taisei's average Accounts Receivable for the three months ended in Dec. 2023 was $4,803 Mil. Hence, Taisei's Receivables Turnover for the three months ended in Dec. 2023 was 0.59.

Taisei Receivables Turnover Historical Data

The historical data trend for Taisei'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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Taisei Receivables Turnover Chart

Taisei Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.29

3.07

2.55

2.65

2.46

Taisei 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															0.67	0.85	0.50	0.65	0.59

Competitive Comparison of Taisei's Receivables Turnover

For the Engineering & Construction subindustry, Taisei'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.

Taisei's Receivables Turnover Distribution in the Construction Industry

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

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

Taisei Receivables Turnover Calculation

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

Taisei'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 )
=	12289.834	/ (	(4854.213	+	5152.969)	/	2 )
=	12289.834	/	5003.591
=	2.46

Taisei'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 )
=	2835.017	/ (	(4229.186	+	5375.941)	/	2 )
=	2835.017	/	4802.5635
=	0.59

Taisei (OTCPK:TISCY) 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.

Taisei Receivables Turnover Related Terms

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Taisei (Taisei) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taisei Corp (OTCPK:TISCY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TISCF:USA 1801:Japan TKK1:Germany

Address

Shinjuku Center Building, 1-25-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, JPN, 163-0606

Website

http://www.taisei.co.jp

Taisei Corp provides civil engineering and building development services in many different areas. It enters contracts to develop and enhance urbanization in designated regions. The company has four operating segments: civil engineering (majority of total revenue), building construction, real estate development, and other. It participates in all phases of project development, including planning, design, construction, and aftermarket services. Multiple projects are conducted simultaneously as the company showcases its expansive network and technical know-how. Taisei's projects range from traffic infrastructure and tunnels to airport facilities and high-rise building offices. Customers in Japan account for majority of total sales.

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