Azuma Shipping Co (TSE:9380) Receivables Turnover : 1.51 (As of Dec. 2023)

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What is Azuma Shipping 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. Azuma Shipping Co's Revenue for the three months ended in Dec. 2023 was 円10,392 Mil. Azuma Shipping Co's average Accounts Receivable for the three months ended in Dec. 2023 was 円6,886 Mil. Hence, Azuma Shipping Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.51.

Azuma Shipping Co Receivables Turnover Historical Data

The historical data trend for Azuma Shipping 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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Azuma Shipping Co Receivables Turnover Chart

Azuma Shipping Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.57

5.71

5.99

6.28

6.64

Azuma Shipping 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															1.45	1.40	1.68	1.58	1.51

Competitive Comparison of Azuma Shipping Co's Receivables Turnover

For the Marine Shipping subindustry, Azuma Shipping 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.

Azuma Shipping Co's Receivables Turnover Distribution in the Transportation Industry

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

* The bar in red indicates where Azuma Shipping Co's Receivables Turnover falls into.

Azuma Shipping Co Receivables Turnover Calculation

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

Azuma Shipping 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 )
=	41467.366	/ (	(6479.864	+	6006.792)	/	2 )
=	41467.366	/	6243.328
=	6.64

Azuma Shipping 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 )
=	10391.722	/ (	(6735.738	+	7035.944)	/	2 )
=	10391.722	/	6885.841
=	1.51

Azuma Shipping Co (TSE:9380) 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.

Azuma Shipping Co Receivables Turnover Related Terms

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Azuma Shipping Co (TSE:9380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Azuma Shipping Co Ltd (TSE:9380) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

3-2, Nihonbashi Hamacho 3-Chome, Tokyo, JPN

Website

http://www.azumaship.co.jp

Azuma Shipping Co Ltd is engaged in port transportation, maritime transportation, inland navigation business, freight car transportation, warehousing, sale and repair of the ship, cargo transportation, customs brokerage, supervision and consultancy of new ship creation and repair.

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