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Kuribayashi Steamship Co (TSE:9171) Receivables Turnover : 1.43 (As of Mar. 2024)


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What is Kuribayashi Steamship 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. Kuribayashi Steamship Co's Revenue for the three months ended in Mar. 2024 was 円11,741 Mil. Kuribayashi Steamship Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円8,203 Mil. Hence, Kuribayashi Steamship Co's Receivables Turnover for the three months ended in Mar. 2024 was 1.43.


Kuribayashi Steamship Co Receivables Turnover Historical Data

The historical data trend for Kuribayashi Steamship 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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Kuribayashi Steamship Co Receivables Turnover Chart

Kuribayashi Steamship Co 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 4.93 4.74 5.49 6.37 6.21

Kuribayashi Steamship Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.44 1.51 1.50 1.51 1.43

Competitive Comparison of Kuribayashi Steamship Co's Receivables Turnover

For the Marine Shipping subindustry, Kuribayashi Steamship 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.


Kuribayashi Steamship Co's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Kuribayashi Steamship Co's Receivables Turnover falls into.



Kuribayashi Steamship Co Receivables Turnover Calculation

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

Kuribayashi Steamship 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 )
=48885.9 / ((7712.509 + 8035.948) / 2 )
=48885.9 / 7874.2285
=6.21

Kuribayashi Steamship Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=11741.052 / ((8370.168 + 8035.948) / 2 )
=11741.052 / 8203.058
=1.43

* 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.


Kuribayashi Steamship Co  (TSE:9171) 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.


Kuribayashi Steamship Co Receivables Turnover Related Terms

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Kuribayashi Steamship Co Business Description

Traded in Other Exchanges
N/A
Address
2 - 1 Otemachi 2 - chome, 3rd Floor, New Otemachi Building, Chiyoda - ku, Tokyo, JPN, 100-0004
Kuribayashi Steamship Co Ltd is the shipping company based in Japan. The company provides port and land transportation services that collect and deliver cargo at the harbour and inland. Its service offering includes domestic shipping, sea-land complex integrated transport, paper product transportation and warehouse. The company also provides loading and unloading services at major ports.

Kuribayashi Steamship Co Headlines

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