Takamatsu Construction Group Co (TSE:1762) Receivables Turnover : 0.84 (As of Dec. 2023)

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What is Takamatsu Construction Group 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. Takamatsu Construction Group Co's Revenue for the three months ended in Dec. 2023 was 円80,411 Mil. Takamatsu Construction Group Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円95,920 Mil. Hence, Takamatsu Construction Group Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.84.

Takamatsu Construction Group Co Receivables Turnover Historical Data

The historical data trend for Takamatsu Construction Group 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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Takamatsu Construction Group Co Receivables Turnover Chart

Takamatsu Construction Group Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.85

3.90

3.50

3.29

3.31

Takamatsu Construction Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.94	0.78	0.94	0.84	0.89

Competitive Comparison of Takamatsu Construction Group Co's Receivables Turnover

For the Engineering & Construction subindustry, Takamatsu Construction Group 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.

Takamatsu Construction Group Co's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Takamatsu Construction Group Co's Receivables Turnover falls into.

Takamatsu Construction Group Co Receivables Turnover Calculation

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

Takamatsu Construction Group Co'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 )
=	312679	/ (	(91742	+	97248)	/	2 )
=	312679	/	94495
=	3.31

Takamatsu Construction Group 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 )
=	80411	/ (	(89102	+	102737)	/	2 )
=	80411	/	95919.5
=	0.84

Takamatsu Construction Group Co (TSE:1762) 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.

Takamatsu Construction Group Co Receivables Turnover Related Terms

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Takamatsu Construction Group Co (TSE:1762) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takamatsu Construction Group Co Ltd (TSE:1762) » Definitions » Receivables Turnover

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Address

1-2-3 Shinkitano, Yodogawa-ku, Osaka, JPN, 532-0025

Website

http://www.takamatsu-cg.co.jp

Takamatsu Construction Group Co Ltd is a Japan-based company, engages in the construction business. It operates through the following business division Construction business, Civil Engineering business, and Real Estate business. The Construction division offers general construction, remodeling, and renovation of residential and commercial buildings, and warehouses. The Civil Engineering division deals with the construction, repair, and maintenance of bridges, highways, tunnels, roads, and sewage systems. The Real Estate division offers real estate development, sales, leasing, and management.

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