Tokyu Fudosan Holdings (TSE:3289) Receivables Turnover : 5.50 (As of Dec. 2023)

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What is Tokyu Fudosan Holdings 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. Tokyu Fudosan Holdings's Revenue for the three months ended in Dec. 2023 was 円227,125 Mil. Tokyu Fudosan Holdings's average Accounts Receivable for the three months ended in Dec. 2023 was 円41,322 Mil. Hence, Tokyu Fudosan Holdings's Receivables Turnover for the three months ended in Dec. 2023 was 5.50.

Tokyu Fudosan Holdings Receivables Turnover Historical Data

The historical data trend for Tokyu Fudosan Holdings'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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Tokyu Fudosan Holdings Receivables Turnover Chart

Tokyu Fudosan Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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27.64

23.34

24.40

23.67

21.64

Tokyu Fudosan Holdings 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															8.62	6.20	6.38	5.50	7.68

Competitive Comparison of Tokyu Fudosan Holdings's Receivables Turnover

For the Real Estate - Diversified subindustry, Tokyu Fudosan Holdings'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.

Tokyu Fudosan Holdings's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tokyu Fudosan Holdings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tokyu Fudosan Holdings's Receivables Turnover falls into.

Tokyu Fudosan Holdings Receivables Turnover Calculation

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

Tokyu Fudosan Holdings'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 )
=	1103047	/ (	(45771	+	56192)	/	2 )
=	1103047	/	50981.5
=	21.64

Tokyu Fudosan Holdings'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 )
=	227125	/ (	(38572	+	44071)	/	2 )
=	227125	/	41321.5
=	5.50

Tokyu Fudosan Holdings (TSE:3289) 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.

Tokyu Fudosan Holdings Receivables Turnover Related Terms

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Tokyu Fudosan Holdings (TSE:3289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tokyu Fudosan Holdings Corp (TSE:3289) » Definitions » Receivables Turnover

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Traded in Other Exchanges

TTUUF:USA

Address

Shin-nanpeidai Tokyu Building, Dogenzaka 1-21-2, Shibuya-ku, Tokyo, JPN

Website

http://www.tokyu-fudosan-hd.co.jp

Tokyu Fudosan Holdings Corp engages in the management and administration of a host of businesses. The business that compose Tokyu Fudosan Holdings operate in the following business segments: urban development, residential, wellness, innovation, property management, real estate agency, and tokyu hands. Altogether, the group develops, leases, and operates office buildings, commercial facilities, rental residences, and other properties. Tokyu's host of businesses also engage in management and operation of resort facilities, sports clubs, and senior housing. Businesses like the innovation segment serve as a complement and include overseas operations, custom homes, renovation, and landscaping.

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