Penta-Ocean Construction Co (TSE:1893) Receivables Turnover : 0.49 (As of Dec. 2023)

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What is Penta-Ocean Construction 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. Penta-Ocean Construction Co's Revenue for the three months ended in Dec. 2023 was 円157,218 Mil. Penta-Ocean Construction Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円319,431 Mil. Hence, Penta-Ocean Construction Co's Receivables Turnover for the three months ended in Dec. 2023 was 0.49.

Penta-Ocean Construction Co Receivables Turnover Historical Data

The historical data trend for Penta-Ocean Construction 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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Penta-Ocean Construction Co Receivables Turnover Chart

Penta-Ocean Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.66

1.97

1.82

1.88

2.17

Penta-Ocean Construction 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															0.58	0.49	0.54	0.49	0.57

Competitive Comparison of Penta-Ocean Construction Co's Receivables Turnover

For the Engineering & Construction subindustry, Penta-Ocean Construction 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.

Penta-Ocean Construction Co's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Penta-Ocean Construction Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Penta-Ocean Construction Co's Receivables Turnover falls into.

Penta-Ocean Construction Co Receivables Turnover Calculation

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

Penta-Ocean Construction 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 )
=	617707	/ (	(269912	+	300417)	/	2 )
=	617707	/	285164.5
=	2.17

Penta-Ocean Construction 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 )
=	157218	/ (	(302181	+	336680)	/	2 )
=	157218	/	319430.5
=	0.49

Penta-Ocean Construction Co (TSE:1893) 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.

Penta-Ocean Construction Co Receivables Turnover Related Terms

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Penta-Ocean Construction Co (TSE:1893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Penta-Ocean Construction Co Ltd (TSE:1893) » Definitions » Receivables Turnover

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Traded in Other Exchanges

1893:Japan

Address

2-2-8 Koraku, Bunkyo-ku, Tokyo, JPN, 112-8576

Website

http://www.penta-ocean.co.jp

Penta-Ocean Construction Co Ltd is mainly engaged in the construction and development business. It operates in various segments namely Civil engineering segment, Building construction segment, and Overseas segment. The company undertakes projects for port and harbor, airport, power station, dam and river work, bridge, road and tunnel, railway, industrial and logistics, recreational, commercial, residential, and educational, as well as medical, health, and welfare facilities. In addition, it is also engaged in shipbuilding, leasing business, insurance business and consulting business. Geographically, business activity of the group can be seen in Japan, Southeast Asia, and internationally of which Japan region account for larger share of revenue.

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