SBS Holdings (TSE:2384) Receivables Turnover: 1.88 (As of Dec. 2025)

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TSE:2384 SBS Holdings Inc TSE:2384
69 GF Score
Price 円4,235.00
GF Value 円3,394.57
Valuation Modestly Overvalued
! 3 Warning Signs
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What is SBS Holdings Receivables Turnover?

SBS Holdings TSE:2384 -0.47% 69 Receivables Turnover is 1.88 as of Dec. 2025. GuruFocus rates TSE:2384 with a GF Score™ of 69/100 and a GF Value™ of 円3,394.57 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 999 Transportation companies, SBS Holdings ranks better than 51.65% on this metric.

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. SBS Holdings's Revenue for the three months ended in Dec. 2025 was 円125,984 Mil. SBS Holdings's average Accounts Receivable for the three months ended in Dec. 2025 was 円67,160 Mil. Hence, SBS Holdings's Receivables Turnover for the three months ended in Dec. 2025 was 1.88.


SBS Holdings  (TSE:2384) 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.


SBS Holdings Receivables Turnover Related Terms


SBS Holdings Receivables Turnover Historical Data

* Premium members only.

The historical data trend for SBS 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.

SBS Holdings Receivables Turnover Chart

SBS Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.85 7.03 6.62 6.93 7.04

SBS Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.75 1.84 2.18 1.88 2.11

TSE:2384 vs UPS, FDX, JBHT: Receivables Turnover Comparison

For the Integrated Freight & Logistics subindustry, SBS 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.


SBS Holdings Receivables Turnover vs Transportation Industry

For the Transportation industry and Industrials sector, SBS Holdings's Receivables Turnover distribution charts can be found below:

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


TSE:2384
69GF Score
SBS Holdings Inc TSE:2384
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SBS Holdings Receivables Turnover Calculation

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

SBS Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=490344 / ((66048 + 73236) / 2 )
=490344 / 69642
=7.04

SBS Holdings's Receivables Turnover for the quarter that ended in Dec. 2025 is calculated as

Receivables Turnover (Q: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2025 ) / ((Accounts Receivable (Q: Sep. 2025 ) + Accounts Receivable (Q: Dec. 2025 )) / count )
=125984 / ((61083 + 73236) / 2 )
=125984 / 67159.5
=1.88

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 1.88 mean?
SBS Holdings (TSE:2384) has a Receivables Turnover of 1.88 as of Dec. 2025. The accounts 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. View historical data on SBS Holdings and its competitors. According to the industry distribution chart, SBS Holdings ranks #483 out of 999 companies in the Transportation industry, placing it in the top 48.3%.
Is SBS Holdings' Receivables Turnover too high?
SBS Holdings' current Receivables Turnover is 1.88. The Transportation industry median Receivables Turnover is 7.74. SBS Holdings' value of 1.88 is 75.7% below this industry median. Based on the distribution chart, SBS Holdings ranks #483 out of 999 companies in the Transportation industry, which is above the industry midpoint. Overall, SBS Holdings has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBS Holdings' Receivables Turnover compare to UPS and FDX?
According to the Transportation industry distribution chart, SBS Holdings ranks #483 out of 999 companies for Receivables Turnover. This puts SBS Holdings in the upper half of its industry. The industry median Receivables Turnover is 7.74. SBS Holdings' value of 1.88 is 75.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Transportation company?
The median Receivables Turnover among Transportation companies is 7.74, based on 999 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBS Holdings's current Receivables Turnover of 1.88 is 75.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on SBS Holdings and its competitors. For the Transportation industry, the median Receivables Turnover is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBS Holdings's current Receivables Turnover is 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBS Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBS Holdings (TSE:2384) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,394.57, compared to a current price of 円4,235.00 — trading 24.8% above its estimated fair value. The current Receivables Turnover is 1.88 and 75.7% below the Transportation industry median of 7.74. SBS Holdings' overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For SBS Holdings (TSE:2384), the current Receivables Turnover is 1.88 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SBS Holdings (TSE:2384) Overvalued in 2026?

Based on GuruFocus' analysis, SBS Holdings stock appears to be overvalued. The current stock price of 円4,235.00 is trading 24.8% above its estimated GF Value™ of 円3,394.57. GuruFocus considers SBS Holdings to be Modestly Overvalued.

Key valuation signals for TSE:2384:

  • Receivables Turnover: 1.88
  • GF Value™: 円3,394.57 vs. price of 円4,235.00 (24.8% above fair value)
  • GF Score™: 69/100 with 3 warning signs
  • Industry Position: 75.7% below the Transportation median (#483 of 999)

No single metric tells the full story. See the TSE:2384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SBS Holdings Business Description

Address 17-1, Nishi-Shinjuku 8-chome, Shinjuku-ku, Tokyo, JPN, 160-0023
SBS Holdings Inc is engaged in the provision of logistics and related services. The company's operating business includes logistics, real-estate, and others. Its logistics business is involved in the transportation and delivery of raw materials, and the storage associated with it, handling, packaging, and distribution processing services. The real-estate business consists of rental and leasing of real estate properties. Its other business comprises of human resources, environment-related, marketing and other related business services.
69GF Score

Get the complete analysis for TSE:2384

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円4,235.00
Price
円3,394.57
GF Value