Meito Transportation Co (FRA:MTD) Receivables Turnover : 2.36 (As of Jun. 2015)

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What is Meito Transportation 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. Meito Transportation Co's Revenue for the three months ended in Jun. 2015 was €108.5 Mil. Meito Transportation Co's average Accounts Receivable for the three months ended in Jun. 2015 was €46.0 Mil. Hence, Meito Transportation Co's Receivables Turnover for the three months ended in Jun. 2015 was 2.36.

Meito Transportation Co Receivables Turnover Historical Data

The historical data trend for Meito Transportation 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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Meito Transportation Co Receivables Turnover Chart

Meito Transportation Co Annual Data

Trend

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Receivables Turnover

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10.85

9.66

7.95

8.62

11.12

Meito Transportation Co Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Receivables Turnover	Get a 7-Day Free Trial															3.02	-	-	2.31	2.36

Competitive Comparison of Meito Transportation Co's Receivables Turnover

For the Trucking subindustry, Meito Transportation 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.

Meito Transportation Co's Receivables Turnover Distribution in the Transportation Industry

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

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

Meito Transportation Co Receivables Turnover Calculation

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

Meito Transportation Co's Receivables Turnover for the fiscal year that ended in Mar. 2015 is calculated as

	Receivables Turnover (A: Mar. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2015 )	/ (	(Accounts Receivable (A: Mar. 2014 )	+	Accounts Receivable (A: Mar. 2015 ))	/	count )
=	447.031	/ (	(34.978	+	45.411)	/	2 )
=	447.031	/	40.1945
=	11.12

Meito Transportation Co's Receivables Turnover for the quarter that ended in Jun. 2015 is calculated as

	Receivables Turnover (Q: Jun. 2015 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2015 )	/ (	(Accounts Receivable (Q: Mar. 2015 )	+	Accounts Receivable (Q: Jun. 2015 ))	/	count )
=	108.543	/ (	(45.411	+	46.507)	/	2 )
=	108.543	/	45.959
=	2.36

Meito Transportation Co (FRA:MTD) 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.

Meito Transportation Co Receivables Turnover Related Terms

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Meito Transportation Co (FRA:MTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Meito Transportation Co Ltd (FRA:MTD) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

Website

http://www.meiun.co.jp

Meito Transportation Co., Ltd. operates as a food distribution company in Japan. Its services include general truck transport, truck transport forwarding, and truck repair.