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Tokyu Land (FRA:TOL) Receivables Turnover : 7.86 (As of Dec. 2013)


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What is Tokyu Land 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. Tokyu Land's Revenue for the three months ended in Dec. 2013 was €809 Mil. Tokyu Land's average Accounts Receivable for the three months ended in Dec. 2013 was €103 Mil. Hence, Tokyu Land's Receivables Turnover for the three months ended in Dec. 2013 was 7.86.


Tokyu Land Receivables Turnover Historical Data

The historical data trend for Tokyu Land'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.

* Premium members only.

Tokyu Land Receivables Turnover Chart

Tokyu Land Annual Data
Trend Mar04 Mar05 Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37.18 39.55 39.43 34.72 30.56

Tokyu Land Quarterly Data
Dec08 Mar09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
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 7.20 10.07 7.22 11.02 7.86

Competitive Comparison of Tokyu Land's Receivables Turnover

For the Real Estate - Development subindustry, Tokyu Land'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.


Tokyu Land's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tokyu Land's Receivables Turnover distribution charts can be found below:

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



Tokyu Land Receivables Turnover Calculation

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

Tokyu Land's Receivables Turnover for the fiscal year that ended in Mar. 2013 is calculated as

Receivables Turnover (A: Mar. 2013 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2013 ) / ((Accounts Receivable (A: Mar. 2012 ) + Accounts Receivable (A: Mar. 2013 )) / count )
=4853.865 / ((160.514 + 157.121) / 2 )
=4853.865 / 158.8175
=30.56

Tokyu Land's Receivables Turnover for the quarter that ended in Dec. 2013 is calculated as

Receivables Turnover (Q: Dec. 2013 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2013 ) / ((Accounts Receivable (Q: Sep. 2013 ) + Accounts Receivable (Q: Dec. 2013 )) / count )
=808.976 / ((127.049 + 78.715) / 2 )
=808.976 / 102.882
=7.86

* 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.


Tokyu Land  (FRA:TOL) 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.


Tokyu Land Receivables Turnover Related Terms

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Tokyu Land (FRA:TOL) Business Description

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Tokyu Land Corp is a real estate company engaged in seven business segments, namely real estate sales, contracted construction, retail sales, leasing of real estate, property management, resorts and real estate agents and other.