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Tsuchiya Holdings Co (TSE:1840) Receivables Turnover : 5.97 (As of Jan. 2024)


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What is Tsuchiya 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. Tsuchiya Holdings Co's Revenue for the three months ended in Jan. 2024 was 円5,330 Mil. Tsuchiya Holdings Co's average Accounts Receivable for the three months ended in Jan. 2024 was 円892 Mil. Hence, Tsuchiya Holdings Co's Receivables Turnover for the three months ended in Jan. 2024 was 5.97.


Tsuchiya Holdings Co Receivables Turnover Historical Data

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

Tsuchiya Holdings Co Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.74 86.68 103.44 87.55 38.03

Tsuchiya Holdings Co Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.28 34.24 32.45 16.53 5.97

Competitive Comparison of Tsuchiya Holdings Co's Receivables Turnover

For the Residential Construction subindustry, Tsuchiya 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.


Tsuchiya Holdings Co's Receivables Turnover Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Tsuchiya Holdings Co's Receivables Turnover distribution charts can be found below:

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



Tsuchiya Holdings Co Receivables Turnover Calculation

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

Tsuchiya Holdings Co's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

Receivables Turnover (A: Oct. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Oct. 2023 ) / ((Accounts Receivable (A: Oct. 2022 ) + Accounts Receivable (A: Oct. 2023 )) / count )
=34403.763 / ((344.597 + 1464.732) / 2 )
=34403.763 / 904.6645
=38.03

Tsuchiya Holdings Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

Receivables Turnover (Q: Jan. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jan. 2024 ) / ((Accounts Receivable (Q: Oct. 2023 ) + Accounts Receivable (Q: Jan. 2024 )) / count )
=5330.013 / ((1464.732 + 319.646) / 2 )
=5330.013 / 892.189
=5.97

* 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.


Tsuchiya Holdings Co  (TSE:1840) 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.


Tsuchiya Holdings Co Receivables Turnover Related Terms

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Tsuchiya Holdings Co (TSE:1840) Business Description

Traded in Other Exchanges
N/A
Address
3-7 Nishi Kita-kujo, Kita-ku, Sapporo, JPN, 060-0809
Tsuchiya Holdings Co Ltd is a Japan-based construction company. The company is mainly engaged in the design and construction of custom homes, expansion remodeling business, real estate sales business and renovation business. Other services offered by the company include property management for owners, support for building elderly facilities, vacant house and land management services.

Tsuchiya Holdings Co (TSE:1840) Headlines

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