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Japan Petroleum Exploration Co (TSE:1662) Receivables Turnover : 1.68 (As of Dec. 2023)


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What is Japan Petroleum Exploration 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. Japan Petroleum Exploration Co's Revenue for the three months ended in Dec. 2023 was 円79,230 Mil. Japan Petroleum Exploration Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円47,243 Mil. Hence, Japan Petroleum Exploration Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.68.


Japan Petroleum Exploration Co Receivables Turnover Historical Data

The historical data trend for Japan Petroleum Exploration 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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Japan Petroleum Exploration Co Receivables Turnover Chart

Japan Petroleum Exploration Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.19 7.16 5.75 7.07 7.34

Japan Petroleum Exploration 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.36 1.58 2.44 1.68 2.09

Competitive Comparison of Japan Petroleum Exploration Co's Receivables Turnover

For the Oil & Gas E&P subindustry, Japan Petroleum Exploration 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.


Japan Petroleum Exploration Co's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Japan Petroleum Exploration Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Japan Petroleum Exploration Co's Receivables Turnover falls into.



Japan Petroleum Exploration Co Receivables Turnover Calculation

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

Japan Petroleum Exploration 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 )
=325863 / ((47993 + 40790) / 2 )
=325863 / 44391.5
=7.34

Japan Petroleum Exploration 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 )
=79230 / ((43517 + 50969) / 2 )
=79230 / 47243
=1.68

* 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.


Japan Petroleum Exploration Co  (TSE:1662) 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.


Japan Petroleum Exploration Co Receivables Turnover Related Terms

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Japan Petroleum Exploration Co (TSE:1662) Business Description

Traded in Other Exchanges
Address
Sapia Tower, 1-7-12, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-0005
Japan Petroleum Exploration Co Ltd is a drilling and exploration company that specializes in the production of crude oil and liquefied natural gas. Majority of the company's revenue is derived from oil and gas fields in Japan, with additional production coming from various international positions. Japan Petroleum Exploration serves natural gas to electric power companies, local distribution companies, and various industrial users. It also supplies and sells crude oil to petroleum refiners and trading companies.

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