ANA Holdings (TSE:9202) Receivables Turnover : 2.81 (As of Dec. 2023)

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What is ANA 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. ANA Holdings's Revenue for the three months ended in Dec. 2023 was 円540,852 Mil. ANA Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was 円192,728 Mil. Hence, ANA Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 2.81.

ANA Holdings Receivables Turnover Historical Data

The historical data trend for ANA 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.

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ANA Holdings Receivables Turnover Chart

ANA Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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14.13

7.19

8.07

10.19

10.20

ANA Holdings 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															2.62	2.49	2.82	2.81	2.55

Competitive Comparison of ANA Holdings's Receivables Turnover

For the Airlines subindustry, ANA 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.

ANA Holdings's Receivables Turnover Distribution in the Transportation Industry

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

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

ANA Holdings Receivables Turnover Calculation

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

ANA 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 )
=	2055928	/ (	(186085	+	217084)	/	2 )
=	2055928	/	201584.5
=	10.20

ANA Holdings'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 )
=	540852	/ (	(199960	+	185495)	/	2 )
=	540852	/	192727.5
=	2.81

ANA Holdings (TSE:9202) 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.

ANA Holdings Receivables Turnover Related Terms

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ANA Holdings (TSE:9202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ANA Holdings Inc (TSE:9202) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ALNPY:USA ANCA:Germany

Address

Shiodome-City Center, 1-5-2 Higashi-Shimbashi, Minato-ku, Tokyo, JPN, 105-7140

Website

http://www.ana.co.jp

ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. In February 2024, it will launch Air Japan to provide discount airline services to Southeast Asia. Pre-COVID-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.

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