Naikai Zosen (TSE:7018) Receivables Turnover: 1.67 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:7018 Naikai Zosen Corp TSE:7018
64 GF Score
Price 円10,770.00
GF Value 円5,645.50
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Naikai Zosen Receivables Turnover?

Naikai Zosen TSE:7018 +1.32% 64 Receivables Turnover is 1.67 as of Mar. 2026. GuruFocus rates TSE:7018 with a GF Score™ of 64/100 and a GF Value™ of 円5,645.50 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 347 Aerospace & Defense companies, Naikai Zosen ranks worse than 76.08% 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. Naikai Zosen's Revenue for the six months ended in Mar. 2026 was 円25,364 Mil. Naikai Zosen's average Accounts Receivable for the six months ended in Mar. 2026 was 円15,180 Mil. Hence, Naikai Zosen's Receivables Turnover for the six months ended in Mar. 2026 was 1.67.


Naikai Zosen  (TSE:7018) 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.


Naikai Zosen Receivables Turnover Related Terms


Naikai Zosen Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Naikai Zosen'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.

Naikai Zosen Receivables Turnover Chart

Naikai Zosen Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.75 4.05 4.08 2.97 2.45

Naikai Zosen Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.61 1.90 1.29 1.36 1.67

TSE:7018 vs SPCX, GE, RTX: Receivables Turnover Comparison

For the Aerospace & Defense subindustry, Naikai Zosen'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.


Naikai Zosen Receivables Turnover vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Naikai Zosen's Receivables Turnover distribution charts can be found below:

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


TSE:7018
64GF Score
Naikai Zosen Corp TSE:7018
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Naikai Zosen Receivables Turnover Calculation

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

Naikai Zosen's Receivables Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Receivables Turnover (A: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2026 ) / ((Accounts Receivable (A: Mar. 2025 ) + Accounts Receivable (A: Mar. 2026 )) / count )
=47016 / ((20008 + 18417) / 2 )
=47016 / 19212.5
=2.45

Naikai Zosen's Receivables Turnover for the quarter that ended in Mar. 2026 is calculated as

Receivables Turnover (Q: Mar. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2026 ) / ((Accounts Receivable (Q: Sep. 2025 ) + Accounts Receivable (Q: Mar. 2026 )) / count )
=25364 / ((11942 + 18417) / 2 )
=25364 / 15179.5
=1.67

* 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 1.67 mean?
Naikai Zosen (TSE:7018) has a Receivables Turnover of 1.67 as of Mar. 2026. 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 Naikai Zosen and its competitors. According to the industry distribution chart, Naikai Zosen ranks #264 out of 347 companies in the Aerospace & Defense industry, placing it in the top 76.1%.
Is Naikai Zosen's Receivables Turnover too high?
Naikai Zosen's current Receivables Turnover is 1.67. The Aerospace & Defense industry median Receivables Turnover is 5.69. Naikai Zosen's value of 1.67 is 70.7% below this industry median. Based on the distribution chart, Naikai Zosen ranks #264 out of 347 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Naikai Zosen has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naikai Zosen's Receivables Turnover compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Naikai Zosen ranks #264 out of 347 companies for Receivables Turnover. This places Naikai Zosen in the lower half of its industry. The industry median Receivables Turnover is 5.69. Naikai Zosen's value of 1.67 is 70.7% 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 an Aerospace & Defense company?
The median Receivables Turnover among Aerospace & Defense companies is 5.69, based on 347 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. Naikai Zosen's current Receivables Turnover of 1.67 is 70.7% 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 Naikai Zosen and its competitors. For the Aerospace & Defense industry, the median Receivables Turnover is 5.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Naikai Zosen's current Receivables Turnover is 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naikai Zosen stock overvalued right now?
Based on GuruFocus' analysis, Naikai Zosen (TSE:7018) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,645.50, compared to a current price of 円10,770.00 — trading 90.8% above its estimated fair value. The current Receivables Turnover is 1.67 and 70.7% below the Aerospace & Defense industry median of 5.69. Naikai Zosen's overall GF Score™ is 64/100 with 1 warning sign 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 Naikai Zosen (TSE:7018), the current Receivables Turnover is 1.67 as of Mar. 2026. 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 Naikai Zosen (TSE:7018) Overvalued in 2026?

Based on GuruFocus' analysis, Naikai Zosen stock appears to be overvalued. The current stock price of 円10,770.00 is trading 90.8% above its estimated GF Value™ of 円5,645.50. GuruFocus considers Naikai Zosen to be Significantly Overvalued.

Key valuation signals for TSE:7018:

  • Receivables Turnover: 1.67
  • GF Value™: 円5,645.50 vs. price of 円10,770.00 (90.8% above fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 70.7% below the Aerospace & Defense median (#264 of 347)

No single metric tells the full story. See the TSE:7018 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Naikai Zosen Business Description

Address 226-6 swamp town Setoda Onomichi, Hiroshima, JPN, 722-2493
Naikai Zosen Corp is a shipbuilding company. The company constructs various ships, such as container ships, product tankers, car carriers, bulk carriers, chemical tankers, cargo ships, passenger ferries, and research vessels.
64GF Score

Get the complete analysis for TSE:7018

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

円10,770.00
Price
円5,645.50
GF Value