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Enshu Truck Co (TSE:9057) Receivables Turnover : 2.27 (As of Dec. 2023)


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What is Enshu Truck 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. Enshu Truck Co's Revenue for the three months ended in Dec. 2023 was 円12,423 Mil. Enshu Truck Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円5,482 Mil. Hence, Enshu Truck Co's Receivables Turnover for the three months ended in Dec. 2023 was 2.27.


Enshu Truck Co Receivables Turnover Historical Data

The historical data trend for Enshu Truck 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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Enshu Truck Co Receivables Turnover Chart

Enshu Truck 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 7.22 7.97 8.41 7.86 8.06

Enshu Truck 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 2.07 2.03 2.21 2.27 2.27

Competitive Comparison of Enshu Truck Co's Receivables Turnover

For the Trucking subindustry, Enshu Truck 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.


Enshu Truck Co's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Enshu Truck Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Enshu Truck Co's Receivables Turnover falls into.



Enshu Truck Co Receivables Turnover Calculation

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

Enshu Truck 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 )
=44813 / ((5984 + 5142) / 2 )
=44813 / 5563
=8.06

Enshu Truck 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 )
=12423 / ((5297 + 5666) / 2 )
=12423 / 5481.5
=2.27

* 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.


Enshu Truck Co  (TSE:9057) 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.


Enshu Truck Co Receivables Turnover Related Terms

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Enshu Truck Co (TSE:9057) Business Description

Traded in Other Exchanges
N/A
Address
627-3 Kiwara Fukuroi, Shizuoka, JPN, 437-0046
Enshu Truck Co Ltd provides lorry transport services. Its engaged in Logistics business and Lifestyle related business. It also provides freight traffic handling, automobile maintenance, information processing, real estate brokerage and leasing, worker dispatching service, Research and development on information processing and software sales business, and Industrial waste disposal business.

Enshu Truck Co (TSE:9057) Headlines

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