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Sotetsu Holdings (TSE:9003) Receivables Turnover : 4.82 (As of Sep. 2024)


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What is Sotetsu Holdings 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. Sotetsu Holdings's Revenue for the three months ended in Sep. 2024 was 円67,468 Mil. Sotetsu Holdings's average Accounts Receivable for the three months ended in Sep. 2024 was 円13,995 Mil. Hence, Sotetsu Holdings's Receivables Turnover for the three months ended in Sep. 2024 was 4.82.


Sotetsu Holdings Receivables Turnover Historical Data

The historical data trend for Sotetsu 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.

* Premium members only.

Sotetsu Holdings Receivables Turnover Chart

Sotetsu Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.67 22.95 19.69 19.97 15.94

Sotetsu Holdings Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 5.34 4.61 3.78 4.82 5.15

Competitive Comparison of Sotetsu Holdings's Receivables Turnover

For the Conglomerates subindustry, Sotetsu 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.


Sotetsu Holdings's Receivables Turnover Distribution in the Conglomerates Industry

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

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


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Sotetsu Holdings Receivables Turnover Calculation

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

Sotetsu Holdings's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=270039 / ((12483 + 21401) / 2 )
=270039 / 16942
=15.94

Sotetsu Holdings's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=67468 / ((0 + 13995) / 1 )
=67468 / 13995
=4.82

* 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.


Sotetsu Holdings  (TSE:9003) 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.


Sotetsu Holdings Receivables Turnover Related Terms

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Sotetsu Holdings Business Description

Traded in Other Exchanges
N/A
Address
2-9-14 Kita Saiwa Nishi-ku, Yokohama-shi, JPN, 220-0004
Sotetsu Holdings Inc is a Japanese operator of railway trains and busses. Next to the core business of transporting people and freight, the company operates a real estate business selling and leasing real estate and offers construction works and building maintenance services. Other business ventures include golf courses, hotels, and travel agents.

Sotetsu Holdings Headlines

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