Toda (TODCF) Receivables Turnover : 0.62 (As of Sep. 2024)

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What is Toda 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. Toda's Revenue for the three months ended in Sep. 2024 was $906 Mil. Toda's average Accounts Receivable for the three months ended in Sep. 2024 was $1,456 Mil. Hence, Toda's Receivables Turnover for the three months ended in Sep. 2024 was 0.62.

Toda Receivables Turnover Historical Data

The historical data trend for Toda'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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Toda Receivables Turnover Chart

Toda Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.72

2.71

2.29

2.11

1.94

Toda Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.59	0.74	0.51	0.62	0.54

Competitive Comparison of Toda's Receivables Turnover

For the Engineering & Construction subindustry, Toda'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.

Toda's Receivables Turnover Distribution in the Construction Industry

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

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

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Toda Receivables Turnover Calculation

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

Toda'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 )
=	3487.11	/ (	(2115.958	+	1485.81)	/	2 )
=	3487.11	/	1800.884
=	1.94

Toda'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 )
=	905.697	/ (	(1268.434	+	1642.892)	/	2 )
=	905.697	/	1455.663
=	0.62

Toda (OTCPK:TODCF) 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.

Toda Receivables Turnover Related Terms

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Toda Business Description

Industry

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1860:Japan

Address

8-5 Hatchobori 2-Chome, Chuo-ku, Tokyo, JPN, 104-0032

Website

http://www.toda.co.jp

Toda Corp is a Japan-based company that provides construction and civil engineering services for public and private customers. It designs and manages property developments and reorganizes production systems to increase profitability. The company constructs hospitals, schools, office buildings, and other industrial facilities. It handles various large-scale projects, including tunnel and highway operations, renewable energy activities, and power generation applications, to enhance technological and industrial development. Toda has six operating segments: Domestic building construction, Domestic Civil engineering, Investment Development, Domestic group companies, New business fields, and Overseas business. The majority of revenue comes from the domestic building construction segment.

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