Nagoya Railroad Co (Nagoya Railroad Co) Receivables Turnover : 2.70 (As of Dec. 2023)

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What is Nagoya Railroad 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. Nagoya Railroad Co's Revenue for the three months ended in Dec. 2023 was $1,110 Mil. Nagoya Railroad Co's average Accounts Receivable for the three months ended in Dec. 2023 was $411 Mil. Hence, Nagoya Railroad Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.70.

Nagoya Railroad Co Receivables Turnover Historical Data

The historical data trend for Nagoya Railroad 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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Nagoya Railroad Co Receivables Turnover Chart

Nagoya Railroad Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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10.05

10.56

8.09

7.77

8.65

Nagoya Railroad Co 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															2.54	2.42	2.32	2.41	2.70

Competitive Comparison of Nagoya Railroad Co's Receivables Turnover

For the Conglomerates subindustry, Nagoya Railroad 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.

Nagoya Railroad Co's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Nagoya Railroad Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Nagoya Railroad Co's Receivables Turnover falls into.

Nagoya Railroad Co Receivables Turnover Calculation

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

Nagoya Railroad Co'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 )
=	4126.038	/ (	(496.528	+	457.183)	/	2 )
=	4126.038	/	476.8555
=	8.65

Nagoya Railroad Co'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 )
=	1109.552	/ (	(400.25	+	421.853)	/	2 )
=	1109.552	/	411.0515
=	2.70

Nagoya Railroad Co (OTCPK:NARRF) 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.

Nagoya Railroad Co Receivables Turnover Related Terms

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Nagoya Railroad Co (Nagoya Railroad Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nagoya Railroad Co Ltd (OTCPK:NARRF) » Definitions » Receivables Turnover

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9048:Japan

Address

1-2-4 Meieki, Nakamura-ku, Nagoya, JPN, 450-8501

Website

http://www.meitetsu.co.jp

Nagoya Railroad Co Ltd is a transportation company domiciled in Japan. The company organizes itself into six segments: traffic, transport, real estate, leisure and services, aviation services and distribution. Traffic, which contributes the most significant portion of revenue, operates railways, buses, and taxis. The transport segment operates trucking and maritime transport operations. The real estate segment develops and leases real estate. Leisure and services operate hotels, restaurants, and other tourist facilities. The distribution segment operates department stores.

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