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Skymark Airlines (TSE:9204) Receivables Turnover : 5.34 (As of Dec. 2023)


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What is Skymark Airlines 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. Skymark Airlines's Revenue for the three months ended in Dec. 2023 was 円26,175 Mil. Skymark Airlines's average Accounts Receivable for the three months ended in Dec. 2023 was 円4,899 Mil. Hence, Skymark Airlines's Receivables Turnover for the three months ended in Dec. 2023 was 5.34.


Skymark Airlines Receivables Turnover Historical Data

The historical data trend for Skymark Airlines'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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Skymark Airlines Receivables Turnover Chart

Skymark Airlines Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.84 9.32 14.08 19.82 19.25

Skymark Airlines Quarterly Data
Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Mar21 Mar22 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 5.32 4.18 5.17 5.34 5.42

Competitive Comparison of Skymark Airlines's Receivables Turnover

For the Airports & Air Services subindustry, Skymark Airlines'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.


Skymark Airlines's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Skymark Airlines's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Skymark Airlines's Receivables Turnover falls into.



Skymark Airlines Receivables Turnover Calculation

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

Skymark Airlines'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 )
=104075 / ((5062 + 5752) / 2 )
=104075 / 5407
=19.25

Skymark Airlines'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 )
=26175 / ((6012 + 3786) / 2 )
=26175 / 4899
=5.34

* 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.


Skymark Airlines  (TSE:9204) 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.


Skymark Airlines Receivables Turnover Related Terms

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Skymark Airlines (TSE:9204) Business Description

Traded in Other Exchanges
N/A
Address
1-5-5 Haneda Airport, Ota-ku, Tokyo,, JPN, 144-00414
Skymark Airlines Inc is engaged in regular air transportation service business.

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