Birla (BOM:500335) Receivables Turnover : 6.40 (As of Mar. 2024)

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What is Birla 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. Birla's Revenue for the three months ended in Mar. 2024 was ₹26,564 Mil. Birla's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4,149 Mil. Hence, Birla's Receivables Turnover for the three months ended in Mar. 2024 was 6.40.

Birla Receivables Turnover Historical Data

The historical data trend for Birla'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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Birla Receivables Turnover Chart

Birla Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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26.27

24.95

25.63

27.73

26.18

Birla Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															7.62	7.45	4.86	4.91	6.40

Competitive Comparison of Birla's Receivables Turnover

For the Building Materials subindustry, Birla'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.

Birla's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Birla's Receivables Turnover distribution charts can be found below:

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

Birla Receivables Turnover Calculation

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

Birla'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 )
=	96627.2	/ (	(3233.4	+	4149.4)	/	2 )
=	96627.2	/	3691.4
=	26.18

Birla'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 )
=	26564.3	/ (	(0	+	4149.4)	/	1 )
=	26564.3	/	4149.4
=	6.40

Birla (BOM:500335) 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.

Birla Receivables Turnover Related Terms

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Birla (BOM:500335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Birla Corp Ltd (BOM:500335) » Definitions » Receivables Turnover

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BIRLACORPN:India

Address

1, Shakespeare Sarani, A.C. Market, 2nd Floor, Kolkata, WB, IND, 700 071

Website

https://www.birlacorporation.com

Birla Corp Ltd is a multi-product manufacturing company. The firm's operating segments are Jute, Cement, and others. Its products include Ordinary Portland Cement, Portland Pozzolana Cement, and Portland Slag Cement among others. The company generates a majority of its revenue from the Cement segment. Geographically, it generates a major share of its revenue from India. The firm's brand profile consists of MP Birla Cement Unique, MP Birla Cement Samrat Advanced, MP Birla Cement Chetak, and MP Birla Cement Concrete, among others.

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