RENOVA (TSE:9519) Receivables Turnover : 0.99 (As of Mar. 2024)

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What is RENOVA 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. RENOVA's Revenue for the three months ended in Mar. 2024 was 円14,921 Mil. RENOVA's average Accounts Receivable for the three months ended in Mar. 2024 was 円15,100 Mil. Hence, RENOVA's Receivables Turnover for the three months ended in Mar. 2024 was 0.99.

RENOVA Receivables Turnover Historical Data

The historical data trend for RENOVA'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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RENOVA Receivables Turnover Chart

RENOVA Annual Data

Trend

May15

May16

May17

May18

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.12

2.64

4.76

4.93

3.81

RENOVA 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															1.50	1.79	1.93	1.26	0.99

Competitive Comparison of RENOVA's Receivables Turnover

For the Utilities - Renewable subindustry, RENOVA'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.

RENOVA's Receivables Turnover Distribution in the Utilities - Independent Power Producers Industry

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

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

RENOVA Receivables Turnover Calculation

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

RENOVA'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 )
=	44748	/ (	(6291	+	17169)	/	2 )
=	44748	/	11730
=	3.81

RENOVA's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	14921	/ (	(13030	+	17169)	/	2 )
=	14921	/	15099.5
=	0.99

RENOVA (TSE:9519) 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.

RENOVA Receivables Turnover Related Terms

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RENOVA (TSE:9519) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » RENOVA Inc (TSE:9519) » Definitions » Receivables Turnover

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Address

Tokyo Sankei Building 27 Floor, 18 Floor, 1-7-2 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

https://www.renovainc.com

RENOVA Inc is a Japan-based company mainly engaged in renewable energy generation business and the development and management of renewable energy business. With its subsidiaries, the company operates power generation business. Renewable energy power generation develops electricity sales business by operating renewable energy power plants, including large-scale solar power generation, wind power generation, and biomass power generation.

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