Fudo Tetra (TSE:1813) Receivables Turnover : 2.88 (As of Dec. 2023)

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What is Fudo Tetra 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. Fudo Tetra's Revenue for the three months ended in Dec. 2023 was 円18,290 Mil. Fudo Tetra's average Accounts Receivable for the three months ended in Dec. 2023 was 円6,358 Mil. Hence, Fudo Tetra's Receivables Turnover for the three months ended in Dec. 2023 was 2.88.

Fudo Tetra Receivables Turnover Historical Data

The historical data trend for Fudo Tetra'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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Fudo Tetra Receivables Turnover Chart

Fudo Tetra Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.68

2.98

4.25

7.05

Fudo Tetra 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															2.50	2.21	1.87	2.41	2.88

Competitive Comparison of Fudo Tetra's Receivables Turnover

For the Engineering & Construction subindustry, Fudo Tetra'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.

Fudo Tetra's Receivables Turnover Distribution in the Construction Industry

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

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

Fudo Tetra Receivables Turnover Calculation

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

Fudo Tetra'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 )
=	70466	/ (	(10040	+	9938)	/	2 )
=	70466	/	9989
=	7.05

Fudo Tetra'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 )
=	18290	/ (	(7240	+	5475)	/	2 )
=	18290	/	6357.5
=	2.88

Fudo Tetra (TSE:1813) 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.

Fudo Tetra Receivables Turnover Related Terms

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Fudo Tetra (TSE:1813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fudo Tetra Corp (TSE:1813) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

7-2, Nihonbashi-koami-cho, 11th Floor, Pentel Building, Chuo-ku, Tokyo, JPN, 103-0016

Website

https://www.fudotetra.co.jp

Fudo Tetra Corp is engaged in the business of construction work. It operates through three businesses. Its Civil Engineering business is involved in the construction of civil engineering sectors such as roads, railways, dams and rivers, water and sewage, and energy facilities, as well as ports and airports, fishing harbors, coasts, and artificial islands. The Ground Improvement business specializes in ground development work. Its Block and Environment business consist of leasing products for wave-dissipating block and foot protection use.

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