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Higashinihon Gas (FRA:HIS) Receivables Turnover : 3.23 (As of Dec. 2013)


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What is Higashinihon Gas 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. Higashinihon Gas's Revenue for the three months ended in Dec. 2013 was €12.24 Mil. Higashinihon Gas's average Accounts Receivable for the three months ended in Dec. 2013 was €3.78 Mil. Hence, Higashinihon Gas's Receivables Turnover for the three months ended in Dec. 2013 was 3.23.


Higashinihon Gas Receivables Turnover Historical Data

The historical data trend for Higashinihon Gas'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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Higashinihon Gas Receivables Turnover Chart

Higashinihon Gas Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13
Receivables Turnover
- 14.40 16.36 16.06 14.61

Higashinihon Gas Quarterly Data
Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.81 5.18 4.39 3.00 3.23

Competitive Comparison of Higashinihon Gas's Receivables Turnover

For the Utilities - Regulated Gas subindustry, Higashinihon Gas'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.


Higashinihon Gas's Receivables Turnover Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Higashinihon Gas's Receivables Turnover distribution charts can be found below:

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



Higashinihon Gas Receivables Turnover Calculation

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

Higashinihon Gas's Receivables Turnover for the fiscal year that ended in Mar. 2013 is calculated as

Receivables Turnover (A: Mar. 2013 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2013 ) / ((Accounts Receivable (A: Mar. 2012 ) + Accounts Receivable (A: Mar. 2013 )) / count )
=59.391 / ((4.618 + 3.51) / 2 )
=59.391 / 4.064
=14.61

Higashinihon Gas's Receivables Turnover for the quarter that ended in Dec. 2013 is calculated as

Receivables Turnover (Q: Dec. 2013 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2013 ) / ((Accounts Receivable (Q: Sep. 2013 ) + Accounts Receivable (Q: Dec. 2013 )) / count )
=12.235 / ((3.584 + 3.982) / 2 )
=12.235 / 3.783
=3.23

* 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.


Higashinihon Gas  (FRA:HIS) 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.


Higashinihon Gas Receivables Turnover Related Terms

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Higashinihon Gas (FRA:HIS) Business Description

Traded in Other Exchanges
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Higashinihon Gas Corporation is engaged in the production and supply of natural gas as well as construction of gas pipelines for key areas in East Japan. It also sells gas appliances and related equipment.

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