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Higashi Holdings Co (TSE:9029) Receivables Turnover : 0.00 (As of Sep. 2024)


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What is Higashi Holdings 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. Higashi Holdings Co's Revenue for the three months ended in Sep. 2024 was 円0 Mil. Higashi Holdings Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円6,292 Mil.


Higashi Holdings Co Receivables Turnover Historical Data

The historical data trend for Higashi Holdings 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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Higashi Holdings Co Receivables Turnover Chart

Higashi Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.13 6.14 5.54 5.79 6.29

Higashi Holdings Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 1.73 1.84 1.89 1.83 -

Competitive Comparison of Higashi Holdings Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Higashi Holdings 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.


Higashi Holdings Co's Receivables Turnover Distribution in the Transportation Industry

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

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


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Higashi Holdings Co Receivables Turnover Calculation

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

Higashi Holdings 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 )
=34807.706 / ((5042.856 + 6018.233) / 2 )
=34807.706 / 5530.5445
=6.29

Higashi Holdings 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: Mar. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=0 / ((6727.549 + 5856.625) / 2 )
=0 / 6292.087
=N/A

* 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.


Higashi Holdings Co  (TSE:9029) 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.


Higashi Holdings Co Receivables Turnover Related Terms

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Higashi Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
1-9 Uchikyuhojimachi 3-Chome, Chuo-Ku, Osaka, JPN, 5400013
Higashi Twenty One Co Ltd is a Japan based company engages in the business of logistic services. Its operations are carried out through the following business division: Transportation, Warehousing, Merchandise Sales, and Others.

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