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Sinanen Holdings Co (TSE:8132) Receivables Turnover : 2.79 (As of Dec. 2023)


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What is Sinanen 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. Sinanen Holdings Co's Revenue for the three months ended in Dec. 2023 was 円96,340 Mil. Sinanen Holdings Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円34,566 Mil. Hence, Sinanen Holdings Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.79.


Sinanen Holdings Co Receivables Turnover Historical Data

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

Sinanen Holdings Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.70 9.64 8.56 8.83 9.10

Sinanen Holdings Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.85 2.76 2.34 2.75 2.79

Competitive Comparison of Sinanen Holdings Co's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Sinanen 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.


Sinanen Holdings Co's Receivables Turnover Distribution in the Oil & Gas Industry

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

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



Sinanen Holdings Co Receivables Turnover Calculation

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

Sinanen Holdings Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=342254 / ((38782 + 36429) / 2 )
=342254 / 37605.5
=9.10

Sinanen 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 )
=96340 / ((26116 + 43016) / 2 )
=96340 / 34566
=2.79

* 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.


Sinanen Holdings Co  (TSE:8132) 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.


Sinanen Holdings Co Receivables Turnover Related Terms

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Sinanen Holdings Co (TSE:8132) Business Description

Traded in Other Exchanges
N/A
Address
No. 4 No. 22, Coastal chome, Minato-ku, Tokyo, JPN
Sinanen Holdings Co Ltd is a Japan-based company. It is engaged in four business segments namely: Petroleum business which involves selling liquefied petroleum gas and operation of gas stations; Electricity business; Solution business which provides support for reducing energy costs and reducing CO2 emissions, and FABHEAT business that involves support safety and security in local areas and generate stable solar power in cold, snowy regions.

Sinanen Holdings Co (TSE:8132) Headlines

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