NIKKON Holdings Co (TSE:9072) Receivables Turnover : 1.80 (As of Dec. 2023)

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What is NIKKON Holdings 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. NIKKON Holdings Co's Revenue for the three months ended in Dec. 2023 was 円58,224 Mil. NIKKON Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円32,291 Mil. Hence, NIKKON Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.80.

NIKKON Holdings Co Receivables Turnover Historical Data

The historical data trend for NIKKON Holdings 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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NIKKON Holdings Co Receivables Turnover Chart

NIKKON Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.06

5.54

5.79

6.19

6.74

NIKKON Holdings 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															1.54	1.63	1.71	1.80	1.71

Competitive Comparison of NIKKON Holdings Co's Receivables Turnover

For the Integrated Freight & Logistics subindustry, NIKKON Holdings 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.

NIKKON Holdings Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, NIKKON Holdings Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where NIKKON Holdings Co's Receivables Turnover falls into.

NIKKON Holdings Co Receivables Turnover Calculation

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

NIKKON Holdings 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 )
=	222322	/ (	(33408	+	32610)	/	2 )
=	222322	/	33009
=	6.74

NIKKON Holdings 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 )
=	58224	/ (	(32058	+	32523)	/	2 )
=	58224	/	32290.5
=	1.80

NIKKON Holdings Co (TSE:9072) 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.

NIKKON Holdings Co Receivables Turnover Related Terms

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NIKKON Holdings Co (TSE:9072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NIKKON Holdings Co Ltd (TSE:9072) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

1CM:Germany

Address

6-17 Akashi-cho, Chuo-ku, Tokyo, JPN

Website

http://www.nikkon-hd.co.jp

NIKKON Holdings Co Ltd is a logistics company, domiciled in Japan. The company organizes itself into five segments: shipping, warehousing, packaging, test, and others. The shipping segment, which provides the largest portion of revenue, transports heavy equipment by road, including vehicles, vehicle parts, and machinery. Packaging, the next- largest segment, processes, and packs cargo. The warehousing segment provides storage for cargo. The test segment provides vehicle and machinery testing services. The other segment repairs vehicles leases real estate and sells insurance. The company earns the majority of its revenue in Japan and a small proportion of revenue from North America and Asia.

NIKKON Holdings Co (TSE:9072) Headlines

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