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Japan Transcity (TSE:9310) Receivables Turnover : 1.68 (As of Dec. 2023)


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What is Japan Transcity 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. Japan Transcity's Revenue for the three months ended in Dec. 2023 was 円30,890 Mil. Japan Transcity's average Accounts Receivable for the three months ended in Dec. 2023 was 円18,388 Mil. Hence, Japan Transcity's Receivables Turnover for the three months ended in Dec. 2023 was 1.68.


Japan Transcity Receivables Turnover Historical Data

The historical data trend for Japan Transcity'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.

* Premium members only.

Japan Transcity Receivables Turnover Chart

Japan Transcity 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 6.78 6.74 6.90 7.28 6.67

Japan Transcity 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 1.72 1.77 1.73 1.68 1.62

Competitive Comparison of Japan Transcity's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Japan Transcity'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.


Japan Transcity's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Japan Transcity's Receivables Turnover falls into.



Japan Transcity Receivables Turnover Calculation

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

Japan Transcity'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 )
=122555 / ((18717 + 18027) / 2 )
=122555 / 18372
=6.67

Japan Transcity'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 )
=30890 / ((18360 + 18415) / 2 )
=30890 / 18387.5
=1.68

* 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.


Japan Transcity  (TSE:9310) 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.


Japan Transcity Receivables Turnover Related Terms

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Japan Transcity (TSE:9310) Business Description

Traded in Other Exchanges
N/A
Address
1-1 2-CHOME, Yokkaichi, JPN, 510-8651
Japan Transcity Corp is a Japan-based integrated logistics company. It offers various logistics services including warehousing, domestic transportation, international freight forwarding, overseas logistics, logistics consulting and vehicle maintenance. The company's network covers all of Japan from Kanto, Chubu, Kansai, Hokkaido, and Kyushu, and expands to the U.S., Thailand, Singapore, China, and across the world.

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