Tohoku Electric Power Co (TSE:9506) Receivables Turnover : 2.56 (As of Dec. 2023)

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What is Tohoku 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. Tohoku Electric Power Co's Revenue for the three months ended in Dec. 2023 was 円668,480 Mil. Tohoku Electric Power Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円261,187 Mil. Hence, Tohoku Electric Power Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.56.

Tohoku Electric Power Co Receivables Turnover Historical Data

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

Tohoku Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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9.83

9.24

8.38

12.14

10.70

Tohoku Electric Power 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															2.91	2.62	3.15	2.56	2.90

Competitive Comparison of Tohoku Electric Power Co's Receivables Turnover

For the Utilities - Renewable subindustry, Tohoku 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.

Tohoku Electric Power Co's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

Tohoku Electric Power Co Receivables Turnover Calculation

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

Tohoku 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 )
=	2817813	/ (	(263578	+	262901)	/	2 )
=	2817813	/	263239.5
=	10.70

Tohoku Electric Power Co'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 )
=	668480	/ (	(259934	+	262440)	/	2 )
=	668480	/	261187
=	2.56

Tohoku Electric Power Co (TSE:9506) 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.

Tohoku Electric Power Co Receivables Turnover Related Terms

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Tohoku Electric Power Co (TSE:9506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tohoku Electric Power Co Inc (TSE:9506) » Definitions » Receivables Turnover

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TKT:Germany

Address

1-7-1 Honcho, Aoba-ku, Miyagi, Sendai, JPN, 980-8550

Website

https://www.tohoku-epco.co.jp

Tohoku Electric Power Co Inc is an electric utility company operating in and serving the Tohoku region of the Japanese archipelago. The country separates its activities into Electric power, Construction, and Other business segments. Almost all of the company's revenue comes from its Electric power business in the form of electricity sales. Tohoku Electric produces power through its portfolio of facilities utilizing nuclear, liquefied natural gas, coal, oil, hydro, geothermal, solar, and wind fuel sources. Most of the company's energy production comes from its thermal, non-renewable sites, which it then transmits and distributes to mainly residential customers. Tohoku Electric Power produces sizable amounts of Japan's total geothermal and wind energy output, as well.

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