IN Holdings Co (TSE:132A) Receivables Turnover : 3.63 (As of Apr. 2023)

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What is IN Holdings 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. IN Holdings Co's Revenue for the six months ended in Apr. 2023 was 円4,218 Mil. IN Holdings Co's average Accounts Receivable for the six months ended in Apr. 2023 was 円1,163 Mil. Hence, IN Holdings Co's Receivables Turnover for the six months ended in Apr. 2023 was 3.63.

IN Holdings Co Receivables Turnover Historical Data

The historical data trend for IN Holdings 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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IN Holdings Co Receivables Turnover Chart

IN Holdings Co Annual Data

Trend

Oct22

Receivables Turnover

6.57

IN Holdings Co Semi-Annual Data
	Oct22	Apr23
Receivables Turnover	-	3.63

Competitive Comparison of IN Holdings Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, IN Holdings 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.

IN Holdings Co's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where IN Holdings Co's Receivables Turnover falls into.

IN Holdings Co Receivables Turnover Calculation

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

IN Holdings Co's Receivables Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Receivables Turnover (A: Oct. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2022 )	/ (	(Accounts Receivable (A: . 20 )	+	Accounts Receivable (A: Oct. 2022 ))	/	count )
=	7151.429	/ (	(	+	1088.575)	/	1 )
=	7151.429	/	1088.575
=	6.57

IN Holdings Co's Receivables Turnover for the quarter that ended in Apr. 2023 is calculated as

	Receivables Turnover (Q: Apr. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2023 )	/ (	(Accounts Receivable (Q: Oct. 2022 )	+	Accounts Receivable (Q: Apr. 2023 ))	/	count )
=	4218.263	/ (	(1088.575	+	1237.624)	/	2 )
=	4218.263	/	1163.0995
=	3.63

IN Holdings Co (TSE:132A) 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.

IN Holdings Co Receivables Turnover Related Terms

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IN Holdings Co (TSE:132A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » IN Holdings Co Ltd (TSE:132A) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

656-1, Naoe, Chikujogun Yoshitomimachi, Fukuoka, JPN, 871-0831

Website

https://www.in-holdings.co.jp

IN Holdings Co Ltd is engaged in logistics business in Japan. It has wide range of operations, including general cargo business, as well as warehousing, packaging, vehicle transportation, and export.

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