Central Japan Railway Co (TSE:9022) Receivables Turnover : 2.52 (As of Sep. 2024)

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What is Central Japan Railway 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. Central Japan Railway Co's Revenue for the three months ended in Sep. 2024 was 円438,575 Mil. Central Japan Railway Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円174,162 Mil. Hence, Central Japan Railway Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.52.

Central Japan Railway Co Receivables Turnover Historical Data

The historical data trend for Central Japan Railway 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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Central Japan Railway Co Receivables Turnover Chart

Central Japan Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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18.37

8.66

9.31

11.68

10.60

Central Japan Railway Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															3.08	2.90	2.49	2.40	2.52

Competitive Comparison of Central Japan Railway Co's Receivables Turnover

For the Railroads subindustry, Central Japan Railway 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.

Central Japan Railway Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Central Japan Railway Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Central Japan Railway Co's Receivables Turnover falls into.

Central Japan Railway Co Receivables Turnover Calculation

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

Central Japan Railway Co'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 )
=	1710407	/ (	(141084	+	181696)	/	2 )
=	1710407	/	161390
=	10.60

Central Japan Railway Co'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 )
=	438575	/ (	(0	+	174162)	/	1 )
=	438575	/	174162
=	2.52

Central Japan Railway Co (TSE:9022) 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.

Central Japan Railway Co Receivables Turnover Related Terms

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Central Japan Railway Co Business Description

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CJPRY:USA CJPRF:USA JAP:Germany

Address

JR Central Towers, Meieki 1-1-4, Nakamura-ku, Aichi, Nagoya, JPN, 450-6101

Website

http://jr-central.co.jp

Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main asset is the Tokaido Shinkansen, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. It contributes three-fourths of revenue, with most of the balance from merchandise, conventional train lines, and real estate.

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