Kanamoto Co (TSE:9678) Receivables Turnover : 1.26 (As of Jan. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Kanamoto 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. Kanamoto Co's Revenue for the three months ended in Jan. 2024 was 円50,118 Mil. Kanamoto Co's average Accounts Receivable for the three months ended in Jan. 2024 was 円39,906 Mil. Hence, Kanamoto Co's Receivables Turnover for the three months ended in Jan. 2024 was 1.26.

Kanamoto Co Receivables Turnover Historical Data

The historical data trend for Kanamoto 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.

* Premium members only.

Kanamoto Co Receivables Turnover Chart

Kanamoto Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

Get a 7-Day Free Trial

4.74

4.42

4.69

4.84

4.97

Kanamoto Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Receivables Turnover	Get a 7-Day Free Trial															1.27	1.29	1.34	1.26	1.30

Competitive Comparison of Kanamoto Co's Receivables Turnover

For the Rental & Leasing Services subindustry, Kanamoto 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.

Kanamoto Co's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Kanamoto Co's Receivables Turnover distribution charts can be found below:

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

Kanamoto Co Receivables Turnover Calculation

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

Kanamoto Co's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	197481	/ (	(38452	+	41048)	/	2 )
=	197481	/	39750
=	4.97

Kanamoto Co's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	50118	/ (	(41048	+	38764)	/	2 )
=	50118	/	39906
=	1.26

Kanamoto Co (TSE:9678) 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.

Kanamoto Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Kanamoto Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Kanamoto Co (TSE:9678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanamoto Co Ltd (TSE:9678) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

KNMOF:USA

Address

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041

Website

http://www.kanamoto.co.jp

Kanamoto Co Ltd is a provider of construction equipment rentals. The company operates three business segments: construction equipment rental, steel products, and computing products. The construction equipment rental business is Kanamoto's core business, accounting for most of the company's revenue. The company owns various hand tools and construction equipment, such as dump trucks and hydraulic excavators, which it rents out to its customers. The steel products business sells various construction materials for engineering and construction works. The computing products business provides rentals and sale of computer-related equipment. Kanamoto operates in Asia.

Kanamoto Co (TSE:9678) Headlines

No Headlines