Project Holdings (TSE:9246) Receivables Turnover: 2.28 (As of Dec. 2025)

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TSE:9246 Project Holdings Inc TSE:9246
78 GF Score
Price 円1,115.00
GF Value 円1,797.02
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Project Holdings Receivables Turnover?

Project Holdings TSE:9246 78 Receivables Turnover is 2.28 as of Dec. 2025. GuruFocus rates TSE:9246 with a GF Score™ of 78/100 and a GF Value™ of 円1,797.02 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,060 Business Services companies, Project Holdings ranks better than 73.68% on this metric.

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. Project Holdings's Revenue for the three months ended in Dec. 2025 was 円1,452 Mil. Project Holdings's average Accounts Receivable for the three months ended in Dec. 2025 was 円638 Mil. Hence, Project Holdings's Receivables Turnover for the three months ended in Dec. 2025 was 2.28.


Project Holdings  (TSE:9246) 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.


Project Holdings Receivables Turnover Related Terms


Project Holdings Receivables Turnover Historical Data

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The historical data trend for Project 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.

Project Holdings Receivables Turnover Chart

Project Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial 8.69 9.48 9.80 8.30 8.96

Project Holdings Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.25 2.08 2.26 2.28 2.39

TSE:9246 vs VRSK, EFX, BAH: Receivables Turnover Comparison

For the Consulting Services subindustry, Project 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.


Project Holdings Receivables Turnover vs Business Services Industry

For the Business Services industry and Industrials sector, Project Holdings's Receivables Turnover distribution charts can be found below:

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


TSE:9246
78GF Score
Project Holdings Inc TSE:9246
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Project Holdings Receivables Turnover Calculation

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

Project Holdings's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=5485.518 / ((582.712 + 642.247) / 2 )
=5485.518 / 612.4795
=8.96

Project Holdings's Receivables Turnover for the quarter that ended in Dec. 2025 is calculated as

Receivables Turnover (Q: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Dec. 2025 ) / ((Accounts Receivable (Q: Sep. 2025 ) + Accounts Receivable (Q: Dec. 2025 )) / count )
=1452.179 / ((633.83 + 642.247) / 2 )
=1452.179 / 638.0385
=2.28

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 2.28 mean?
Project Holdings (TSE:9246) has a Receivables Turnover of 2.28 as of Dec. 2025. The accounts 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. View historical data on Project Holdings and its competitors. According to the industry distribution chart, Project Holdings ranks #279 out of 1060 companies in the Business Services industry, placing it in the top 26.3%.
Is Project Holdings' Receivables Turnover too high?
Project Holdings' current Receivables Turnover is 2.28. The Business Services industry median Receivables Turnover is 6.38. Project Holdings' value of 2.28 is 64.3% below this industry median. Based on the distribution chart, Project Holdings ranks #279 out of 1060 companies in the Business Services industry, which is above the industry midpoint. Overall, Project Holdings has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Project Holdings' Receivables Turnover compare to VRSK and EFX?
According to the Business Services industry distribution chart, Project Holdings ranks #279 out of 1060 companies for Receivables Turnover. This puts Project Holdings in the upper half of its industry. The industry median Receivables Turnover is 6.38. Project Holdings' value of 2.28 is 64.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Business Services company?
The median Receivables Turnover among Business Services companies is 6.38, based on 1,060 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Project Holdings's current Receivables Turnover of 2.28 is 64.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Project Holdings and its competitors. For the Business Services industry, the median Receivables Turnover is 6.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Project Holdings's current Receivables Turnover is 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Project Holdings stock overvalued right now?
Based on GuruFocus' analysis, Project Holdings (TSE:9246) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,797.02, compared to a current price of 円1,115.00 — trading 38% below its estimated fair value. The current Receivables Turnover is 2.28 and 64.3% below the Business Services industry median of 6.38. Project Holdings' overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Project Holdings (TSE:9246), the current Receivables Turnover is 2.28 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Project Holdings (TSE:9246) Overvalued in 2026?

Based on GuruFocus' analysis, Project Holdings stock appears to be undervalued. The current stock price of 円1,115.00 is trading 38% below its estimated GF Value™ of 円1,797.02. GuruFocus considers Project Holdings to be Significantly Undervalued.

Key valuation signals for TSE:9246:

  • Receivables Turnover: 2.28
  • GF Value™: 円1,797.02 vs. price of 円1,115.00 (38% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 64.3% below the Business Services median (#279 of 1060)

No single metric tells the full story. See the TSE:9246 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Project Holdings Business Description

Address 1-3-1 Azabudai, 24th Floor, Azabudai Hills Mori JP Tower, Minato-ku, Tokyo, JPN, 106-0041
Project Holdings Inc is engaged in providing consulting services for new business development and the reform of existing businesses through the use of digital technologies. The company plans digital marketing strategies and improves the UI/UX of smartphone applications. Its services include business solutions, marketing solutions, and UI/UX solutions.
78GF Score

Get the complete analysis for TSE:9246

Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,115.00
Price
円1,797.02
GF Value