Kyushu Railway Co (FRA:KRH) Receivables Turnover : 2.34 (As of Sep. 2024)

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What is Kyushu 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. Kyushu Railway Co's Revenue for the three months ended in Sep. 2024 was €696 Mil. Kyushu Railway Co's average Accounts Receivable for the three months ended in Sep. 2024 was €298 Mil. Hence, Kyushu Railway Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.34.

Kyushu Railway Co Receivables Turnover Historical Data

The historical data trend for Kyushu 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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Kyushu Railway Co Receivables Turnover Chart

Kyushu Railway Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.11

5.97

6.58

7.30

6.82

Kyushu Railway 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															2.28	2.21	2.25	1.48	2.34

Competitive Comparison of Kyushu Railway Co's Receivables Turnover

For the Railroads subindustry, Kyushu 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.

Kyushu Railway Co's Receivables Turnover Distribution in the Transportation Industry

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

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

Kyushu Railway Co Receivables Turnover Calculation

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

Kyushu Railway 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 )
=	2581.588	/ (	(368.396	+	389.146)	/	2 )
=	2581.588	/	378.771
=	6.82

Kyushu Railway 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 )
=	696.401	/ (	(0	+	297.772)	/	1 )
=	696.401	/	297.772
=	2.34

Kyushu Railway Co (FRA:KRH) 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.

Kyushu Railway Co Receivables Turnover Related Terms

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Kyushu Railway Co Business Description

Industry

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Traded in Other Exchanges

9142:Japan

Address

3-25-21 Hakata-ekimae, Hakata-ku, Fukuoka, JPN, 812-8566

Website

https://www.jrkyushu.co.jp

Kyushu Railway, or JR Kyushu, is one of seven Japanese railway companies formed when the government privatized Japan Rail in 1987. The rail company services the island of Kyushu, which is just off the South of Japan mainland. Kyushu is colloquially referred to as the 10:10:10 region—covering about 10% of Japan's landmass, housing about 10% of Japan's population and producing about 10% of Japan's gross domestic product. JR Kyushu operates three businesses: rail transportation; real estate and hotels; and construction, retail, restaurants, and business services.

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