Bharat Electronics (NSE:BEL) Receivables Turnover : 1.18 (As of Mar. 2024)

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What is Bharat Electronics 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. Bharat Electronics's Revenue for the three months ended in Mar. 2024 was ₹87,300 Mil. Bharat Electronics's average Accounts Receivable for the three months ended in Mar. 2024 was ₹73,924 Mil. Hence, Bharat Electronics's Receivables Turnover for the three months ended in Mar. 2024 was 1.18.

Bharat Electronics Receivables Turnover Historical Data

The historical data trend for Bharat Electronics'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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Bharat Electronics Receivables Turnover Chart

Bharat Electronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.09

2.08

2.38

2.70

2.81

Bharat Electronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															-	0.95	0.55	0.56	1.18

Competitive Comparison of Bharat Electronics's Receivables Turnover

For the Aerospace & Defense subindustry, Bharat Electronics'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.

Bharat Electronics's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bharat Electronics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bharat Electronics's Receivables Turnover falls into.

Bharat Electronics Receivables Turnover Calculation

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

Bharat Electronics'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 )
=	202682.4	/ (	(70334.8	+	73923.8)	/	2 )
=	202682.4	/	72129.3
=	2.81

Bharat Electronics'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 )
=	87299.6	/ (	(0	+	73923.8)	/	1 )
=	87299.6	/	73923.8
=	1.18

Bharat Electronics (NSE:BEL) 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.

Bharat Electronics Receivables Turnover Related Terms

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Bharat Electronics (NSE:BEL) Business Description

Industry

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500049:India

Address

Outer Ring Road, Nagavara, Bengaluru, KA, IND, 560 045

Website

https://bel-india.in

Bharat Electronics Ltd is an aerospace and defense company owned by the Indian government. It manufactures a wide range of specialized electronics for defense and civilian use. Its investments are made in research and development to meet the ever-changing needs of customers and to test products in its pipeline. With approximately three fourths of its revenue derived from the defense sector, relationships with government officials and military camps are critical. The company created a marketing division to take advantage of export opportunities. It ships products to countries with favorable relationships to India and looks to identify long-term supply chain relationships with global players.

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