Mitsui Fudosan Co (TSE:8801) Receivables Turnover : 7.44 (As of Dec. 2023)

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What is Mitsui Fudosan 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. Mitsui Fudosan Co's Revenue for the three months ended in Dec. 2023 was 円533,770 Mil. Mitsui Fudosan Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円71,757 Mil. Hence, Mitsui Fudosan Co's Receivables Turnover for the three months ended in Dec. 2023 was 7.44.

Mitsui Fudosan Co Receivables Turnover Historical Data

The historical data trend for Mitsui Fudosan 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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Mitsui Fudosan Co Receivables Turnover Chart

Mitsui Fudosan Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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43.05

45.27

50.02

40.86

34.20

Mitsui Fudosan 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															8.44	9.16	8.17	8.84	7.44

Competitive Comparison of Mitsui Fudosan Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Mitsui Fudosan 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.

Mitsui Fudosan Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Mitsui Fudosan Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mitsui Fudosan Co's Receivables Turnover falls into.

Mitsui Fudosan Co Receivables Turnover Calculation

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

Mitsui Fudosan 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 )
=	2269103	/ (	(61465	+	71220)	/	2 )
=	2269103	/	66342.5
=	34.20

Mitsui Fudosan 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 )
=	533770	/ (	(70436	+	73077)	/	2 )
=	533770	/	71756.5
=	7.44

Mitsui Fudosan Co (TSE:8801) 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.

Mitsui Fudosan Co Receivables Turnover Related Terms

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Mitsui Fudosan Co (TSE:8801) Business Description

Industry

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Comparable Companies

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MTSFY:USA MTSFF:USA MFU:Germany

Address

1-1, Nihonbashi-Muromachi 2-chome, Chuo-ku, Tokyo, JPN, 103-0022

Website

http://www.mitsuifudosan.co.jp

Mitsui Fudosan is one of the three big Japanese real estate companies, together with Mitsubishi Estate and Sumitomo Realty. Although its traditional office district is Nihonbashi, it has developed large office projects across Tokyo, as well as London and New York City. Mitsui Fudosan derives a higher portion of its revenue and profits from retail leasing than Mitsubishi Estate and Sumitomo Realty with an extensive portfolio of urban retail buildings, shopping malls, and outlet parks. It is in the process of expanding the latter two formats across Asia. Like Sumitomo Realty, it is active in condo development and residential real estate brokerage, and its Mitsui Home unit is a second-tier builder of detached houses.

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