West Holdings (TSE:1407) Receivables Turnover : 1.07 (As of Feb. 2024)

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What is West Holdings 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. West Holdings's Revenue for the three months ended in Feb. 2024 was 円11,048 Mil. West Holdings's average Accounts Receivable for the three months ended in Feb. 2024 was 円10,280 Mil. Hence, West Holdings's Receivables Turnover for the three months ended in Feb. 2024 was 1.07.

West Holdings Receivables Turnover Historical Data

The historical data trend for West Holdings'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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West Holdings Receivables Turnover Chart

West Holdings Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Receivables Turnover

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5.28

4.94

5.02

5.08

4.09

West Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Receivables Turnover	Get a 7-Day Free Trial															1.41	2.53	2.13	0.83	1.07

Competitive Comparison of West Holdings's Receivables Turnover

For the Utilities - Renewable subindustry, West Holdings'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.

West Holdings's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's Receivables Turnover distribution charts can be found below:

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

West Holdings Receivables Turnover Calculation

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

West Holdings's Receivables Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Receivables Turnover (A: Aug. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Aug. 2023 )	/ (	(Accounts Receivable (A: Aug. 2022 )	+	Accounts Receivable (A: Aug. 2023 ))	/	count )
=	43734	/ (	(10917	+	10450)	/	2 )
=	43734	/	10683.5
=	4.09

West Holdings's Receivables Turnover for the quarter that ended in Feb. 2024 is calculated as

	Receivables Turnover (Q: Feb. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Feb. 2024 )	/ (	(Accounts Receivable (Q: Nov. 2023 )	+	Accounts Receivable (Q: Feb. 2024 ))	/	count )
=	11048	/ (	(10796	+	9764)	/	2 )
=	11048	/	10280
=	1.07

West Holdings (TSE:1407) 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.

West Holdings Receivables Turnover Related Terms

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West Holdings (TSE:1407) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » West Holdings Corp (TSE:1407) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

3-20-2 Nishi-Shinjuku, Tokyo Opera City Building 32 Floor, Shinjuku-ku, Tokyo, JPN, 163-1432

Website

http://www.west-gr.co.jp

West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.

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