Itochu Enex Co (TSE:8133) Receivables Turnover : 2.13 (As of Mar. 2024)

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What is Itochu Enex 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. Itochu Enex Co's Revenue for the three months ended in Mar. 2024 was 円253,928 Mil. Itochu Enex Co's average Accounts Receivable for the three months ended in Mar. 2024 was 円119,366 Mil. Hence, Itochu Enex Co's Receivables Turnover for the three months ended in Mar. 2024 was 2.13.

Itochu Enex Co Receivables Turnover Historical Data

The historical data trend for Itochu Enex 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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Itochu Enex Co Receivables Turnover Chart

Itochu Enex Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

9.30

7.92

8.56

8.62

8.22

Itochu Enex 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															2.07	2.06	2.39	2.21	2.13

Competitive Comparison of Itochu Enex Co's Receivables Turnover

For the Oil & Gas Refining & Marketing subindustry, Itochu Enex 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.

Itochu Enex Co's Receivables Turnover Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Itochu Enex Co's Receivables Turnover falls into.

Itochu Enex Co Receivables Turnover Calculation

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

Itochu Enex 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 )
=	963302	/ (	(115920	+	118360)	/	2 )
=	963302	/	117140
=	8.22

Itochu Enex Co's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	253928	/ (	(120372	+	118360)	/	2 )
=	253928	/	119366
=	2.13

Itochu Enex Co (TSE:8133) 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.

Itochu Enex Co Receivables Turnover Related Terms

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Itochu Enex Co (TSE:8133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Itochu Enex Co Ltd (TSE:8133) » Definitions » Receivables Turnover

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Traded in Other Exchanges

96P:Germany

Address

3-2-5, Kasumigaseki, Chiyoda-ku, Tokyo, JPN, 100-6028

Website

http://www.itcenex.com

Itochu Enex Co Ltd is a Japan-based energy provider that operates through a host of businesses. The company's operations are divided into the following segments: home-life, power and utility, car-life, and energy trade. Through these businesses, Itochu supplies its customer base in Japan with LP gas and town gas for homes and businesses. The company also sells a range of automotive fuels through its car-life stations. Alongside the car-life stations, under the car-life Division, Itochu Enex houses a car dealer and credit card business. Through separate divisions, the company operates electric-power-related and heat-supply businesses, along with selling a variety of petroleum products for industrial and marine use.

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