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Kitac (TSE:4707) Receivables Turnover : 0.74 (As of Apr. 2024)


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What is Kitac 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. Kitac's Revenue for the three months ended in Apr. 2024 was 円848 Mil. Kitac's average Accounts Receivable for the three months ended in Apr. 2024 was 円1,141 Mil. Hence, Kitac's Receivables Turnover for the three months ended in Apr. 2024 was 0.74.


Kitac Receivables Turnover Historical Data

The historical data trend for Kitac'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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Kitac Receivables Turnover Chart

Kitac 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 14.60 11.52 11.40 23.25 16.66

Kitac Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 0.75 0.79 1.98 1.04 0.74

Competitive Comparison of Kitac's Receivables Turnover

For the Engineering & Construction subindustry, Kitac'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.


Kitac's Receivables Turnover Distribution in the Construction Industry

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

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



Kitac Receivables Turnover Calculation

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

Kitac'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 )
=2781.27 / ((138.437 + 195.444) / 2 )
=2781.27 / 166.9405
=16.66

Kitac's Receivables Turnover for the quarter that ended in Apr. 2024 is calculated as

Receivables Turnover (Q: Apr. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Apr. 2024 ) / ((Accounts Receivable (Q: Jan. 2024 ) + Accounts Receivable (Q: Apr. 2024 )) / count )
=848.282 / ((1318.024 + 963.19) / 2 )
=848.282 / 1140.607
=0.74

* 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.


Kitac  (TSE:4707) 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.


Kitac Receivables Turnover Related Terms

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Kitac (TSE:4707) Business Description

Traded in Other Exchanges
N/A
Address
10-2 Shinkocho, Chuo-ku, Niigata, JPN, 950-0965
Kitac Corp is engaged in offering business services. The services offered by the company include geological survey analysis and evaluation, environmental survey and analysis, civil engineering, construction management, and structure maintenance, and regional planning.

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