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Yahagi Construction Co (TSE:1870) Receivables Turnover : 0.93 (As of Dec. 2023)


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What is Yahagi Construction 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. Yahagi Construction Co's Revenue for the three months ended in Dec. 2023 was 円38,664 Mil. Yahagi Construction Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円41,360 Mil. Hence, Yahagi Construction Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.93.


Yahagi Construction Co Receivables Turnover Historical Data

The historical data trend for Yahagi Construction 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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Yahagi Construction Co Receivables Turnover Chart

Yahagi Construction Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.77 2.75 2.61 2.28 2.97

Yahagi Construction Co 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 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 0.90 0.91 0.56 0.62 0.93

Competitive Comparison of Yahagi Construction Co's Receivables Turnover

For the Engineering & Construction subindustry, Yahagi Construction 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.


Yahagi Construction Co's Receivables Turnover Distribution in the Construction Industry

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

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



Yahagi Construction Co Receivables Turnover Calculation

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

Yahagi Construction Co'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 )
=111110 / ((32351 + 42427) / 2 )
=111110 / 37389
=2.97

Yahagi Construction 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 )
=38664 / ((42550 + 40169) / 2 )
=38664 / 41359.5
=0.93

* 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.


Yahagi Construction Co  (TSE:1870) 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.


Yahagi Construction Co Receivables Turnover Related Terms

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Yahagi Construction Co (TSE:1870) Business Description

Traded in Other Exchanges
N/A
Address
3-19-7 Aoi Higashi-ku, Aichi, Nagoya, JPN, 461-0004
Yahagi Construction Co Ltd through its subsidiaries, is engaged as a general and civil engineering contractor in Chubu region, Japan. It plans, designs, executes, and consults for civil engineering, architecture, and other construction projects.

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