Heiwa Real Estate Co (TSE:8803) Receivables Turnover : 3.41 (As of Dec. 2023)

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What is Heiwa Real Estate 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. Heiwa Real Estate Co's Revenue for the three months ended in Dec. 2023 was 円7,524 Mil. Heiwa Real Estate Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円2,205 Mil. Hence, Heiwa Real Estate Co's Receivables Turnover for the three months ended in Dec. 2023 was 3.41.

Heiwa Real Estate Co Receivables Turnover Historical Data

The historical data trend for Heiwa Real Estate 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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Heiwa Real Estate Co Receivables Turnover Chart

Heiwa Real Estate Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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42.67

25.45

33.60

23.58

21.78

Heiwa Real Estate 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															5.84	6.90	6.02	3.41	3.84

Competitive Comparison of Heiwa Real Estate Co's Receivables Turnover

For the Real Estate - Diversified subindustry, Heiwa Real Estate 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.

Heiwa Real Estate Co's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Heiwa Real Estate Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Heiwa Real Estate Co's Receivables Turnover falls into.

Heiwa Real Estate Co Receivables Turnover Calculation

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

Heiwa Real Estate 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 )
=	44433	/ (	(1967	+	2114)	/	2 )
=	44433	/	2040.5
=	21.78

Heiwa Real Estate 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 )
=	7524	/ (	(1985	+	2424)	/	2 )
=	7524	/	2204.5
=	3.41

Heiwa Real Estate Co (TSE:8803) 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.

Heiwa Real Estate Co Receivables Turnover Related Terms

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Heiwa Real Estate Co (TSE:8803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Heiwa Real Estate Co Ltd (TSE:8803) » Definitions » Receivables Turnover

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HZJ:Germany

Address

1-10, Nihonbashi Kabuto-cho, Chuo-ku, Tokyo, JPN, 103-8222

Website

http://www.heiwa-net.co.jp

Heiwa Real Estate Co Ltd is primarily engaged in the leasing and development of real estate properties. The company's operates three reporting segments. The leasing business consists of ownership, leasing, management, and operation of stock exchanges, offices, commercial facilities, housing, conference venues, restaurants, and others. The real estate solutions segment consists of the development, operation and management of income property; the development and sale of houses; and the brokerage of real estate. The other businesses segment manages and renovates buildings and also operates an insurance agency and a private nursing-home business.

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