Kinden (FRA:109) Receivables Turnover: 1.07 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:109 Kinden Corp FRA:109
83 GF Score
Price €39.20
GF Value €19.54
Valuation Significantly Overvalued
View Full Analysis

What is Kinden Receivables Turnover?

Kinden FRA:109 83 Receivables Turnover is 1.07 as of Mar. 2026. GuruFocus rates FRA:109 with a GF Score™ of 83/100 and a GF Value™ of €19.54 (Significantly Overvalued). Among 1,763 Construction companies, Kinden ranks worse than 67.61% on this metric.

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. Kinden's Revenue for the three months ended in Mar. 2026 was €1,371 Mil. Kinden's average Accounts Receivable for the three months ended in Mar. 2026 was €1,276 Mil. Hence, Kinden's Receivables Turnover for the three months ended in Mar. 2026 was 1.07.


Kinden  (FRA:109) 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.


Kinden Receivables Turnover Related Terms


Kinden Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Kinden'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.

Kinden Receivables Turnover Chart

Kinden Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 2.64 2.53 2.79 2.72

Kinden Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.04 0.61 0.86 0.84 1.07

FRA:109 vs PWR, FIX, EME: Receivables Turnover Comparison

For the Engineering & Construction subindustry, Kinden'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.


Kinden Receivables Turnover vs Construction Industry

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

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


FRA:109
83GF Score
Kinden Corp FRA:109
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kinden Receivables Turnover Calculation

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

Kinden's Receivables Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Receivables Turnover (A: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2026 ) / ((Accounts Receivable (A: Mar. 2025 ) + Accounts Receivable (A: Mar. 2026 )) / count )
=4092.392 / ((1591.701 + 1422.085) / 2 )
=4092.392 / 1506.893
=2.72

Kinden's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Dec. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=1370.823 / ((1130.77 + 1422.085) / 2 )
=1370.823 / 1276.4275
=1.07

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.07 mean?
Kinden (FRA:109) has a Receivables Turnover of 1.07 as of Mar. 2026. The accounts 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. View historical data on Kinden and its competitors. According to the industry distribution chart, Kinden ranks #1192 out of 1763 companies in the Construction industry, placing it in the top 67.6%.
Is Kinden's Receivables Turnover too high?
Kinden's current Receivables Turnover is 1.07. The Construction industry median Receivables Turnover is 4.78. Kinden's value of 1.07 is 77.6% below this industry median. Based on the distribution chart, Kinden ranks #1192 out of 1763 companies in the Construction industry, which is below the industry midpoint. Overall, Kinden has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinden's Receivables Turnover compare to PWR and FIX?
According to the Construction industry distribution chart, Kinden ranks #1192 out of 1763 companies for Receivables Turnover. This places Kinden in the lower half of its industry. The industry median Receivables Turnover is 4.78. Kinden's value of 1.07 is 77.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Construction company?
The median Receivables Turnover among Construction companies is 4.78, based on 1,763 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kinden's current Receivables Turnover of 1.07 is 77.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Kinden and its competitors. For the Construction industry, the median Receivables Turnover is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinden's current Receivables Turnover is 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinden stock overvalued right now?
Based on GuruFocus' analysis, Kinden (FRA:109) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.54, compared to a current price of €39.20 — trading 100.6% above its estimated fair value. The current Receivables Turnover is 1.07 and 77.6% below the Construction industry median of 4.78. Kinden's overall GF Score™ is 83/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Kinden (FRA:109), the current Receivables Turnover is 1.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Kinden (FRA:109) Overvalued in 2026?

Based on GuruFocus' analysis, Kinden stock appears to be overvalued. The current stock price of €39.20 is trading 100.6% above its estimated GF Value™ of €19.54. GuruFocus considers Kinden to be Significantly Overvalued.

Key valuation signals for FRA:109:

  • Receivables Turnover: 1.07
  • GF Value™: €19.54 vs. price of €39.20 (100.6% above fair value)
  • GF Score™: 83/100
  • Industry Position: 77.6% below the Construction median (#1192 of 1763)

No single metric tells the full story. See the FRA:109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kinden Business Description

Other Exchanges 1944:Japan109:Germany
Address 2-3-41 Honjo Higashi, Kita-ku, Osaka, JPN, 102-8628
Kinden Corp is a Japanese industrial company specializing in facility construction and the electrical construction business. Its operations cover a wide range of activities, including power distribution, electrical installations for buildings and factories, power transmission line projects, and substation-related work. The company offers alternative-energy power generation and fuel cell systems, facility and factory automation and security systems, air conditioning and water supply solutions, warehouse and medical facility communication systems, and sanitation and electrical system diagnosis solutions.
83GF Score

Get the complete analysis for FRA:109

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€39.20
Price
€19.54
GF Value