Tata Motors (BUE:TTM) Receivables Turnover : 7.03 (As of Mar. 2024)

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What is Tata Motors 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. Tata Motors's Revenue for the three months ended in Mar. 2024 was ARS12,097,754 Mil. Tata Motors's average Accounts Receivable for the three months ended in Mar. 2024 was ARS1,720,267 Mil. Hence, Tata Motors's Receivables Turnover for the three months ended in Mar. 2024 was 7.03.

Tata Motors Receivables Turnover Historical Data

The historical data trend for Tata Motors'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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Tata Motors Receivables Turnover Chart

Tata Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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21.61

24.57

23.35

29.76

42.08

Tata Motors Quarterly Data
	Dec13	Mar14	Dec14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															6.67	7.84	6.11	6.61	7.03

Competitive Comparison of Tata Motors's Receivables Turnover

For the Auto Manufacturers subindustry, Tata Motors'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.

Tata Motors's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tata Motors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tata Motors's Receivables Turnover falls into.

Tata Motors Receivables Turnover Calculation

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

Tata Motors'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 )
=	44142127.343	/ (	(377922.486	+	1720267.296)	/	2 )
=	44142127.343	/	1049094.891
=	42.08

Tata Motors's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	12097753.998	/ (	(0	+	1720267.296)	/	1 )
=	12097753.998	/	1720267.296
=	7.03

Tata Motors (BUE:TTM) 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.

Tata Motors Receivables Turnover Related Terms

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Tata Motors (BUE:TTM) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tata Motors Ltd (BUE:TTM) » Definitions » Receivables Turnover

Traded in Other Exchanges

TATAMTRDVR:India TATAMOTORS:India 570001:India 500570:India

Address

24, Homi Mody Street, Bombay House, Mumbai, MH, IND, 400 001

Website

https://www.tatamotors.com

Tata Motors Ltd is an automobile manufacturer company. The company's segment includes Automotive and others. The Automotive segment consists of four reportable sub-segments: Tata Commercial Vehicles, Tata Passenger Vehicles, Jaguar Land Rover, and Vehicle Financing. Others consist of IT services and Insurance Broking services. Geographically, it derives a majority of its revenue from India.