Chubu Electric Power Co (TSE:9502) Receivables Turnover : 2.89 (As of Sep. 2024)

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What is Chubu Electric Power 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. Chubu Electric Power Co's Revenue for the three months ended in Sep. 2024 was 円945,890 Mil. Chubu Electric Power Co's average Accounts Receivable for the three months ended in Sep. 2024 was 円327,031 Mil. Hence, Chubu Electric Power Co's Receivables Turnover for the three months ended in Sep. 2024 was 2.89.

Chubu Electric Power Co Receivables Turnover Historical Data

The historical data trend for Chubu Electric Power 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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Chubu Electric Power Co Receivables Turnover Chart

Chubu Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.40

9.50

8.28

11.23

10.04

Chubu Electric Power Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															2.76	2.49	2.63	2.32	2.89

Competitive Comparison of Chubu Electric Power Co's Receivables Turnover

For the Utilities - Diversified subindustry, Chubu Electric Power 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.

Chubu Electric Power Co's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Chubu Electric Power Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Chubu Electric Power Co's Receivables Turnover falls into.

Chubu Electric Power Co Receivables Turnover Calculation

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

Chubu Electric Power 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 )
=	3610414	/ (	(365548	+	353997)	/	2 )
=	3610414	/	359772.5
=	10.04

Chubu Electric Power 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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	945890	/ (	(0	+	327031)	/	1 )
=	945890	/	327031
=	2.89

Chubu Electric Power Co (TSE:9502) 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.

Chubu Electric Power Co Receivables Turnover Related Terms

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Chubu Electric Power Co Business Description

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CHUEF:USA 0C2:Germany

Address

1, Higashi-shincho, Higashi-ku, Aichi, Nagoya, JPN, 461-8680

Website

http://www.chuden.co.jp

Chubu Electric Power Co Inc is a Japanese electric utilities firm that operates in the Chubu region in central Japan. This region is one of Japan's largest manufacturing areas and home to a variety of Japanese industries. Primarily, the company generates, distributes, and sells electricity, natural gas, and on-site energy products and services. Secondarily, the firm provides overseas consulting, investment, and IT services. The company's chief segments include Electric Power, which supplies electric power to residential, commercial, and industrial customers, and Energy, which sells natural gas and operates cogeneration facilities.

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