Sudal Industries (BOM:506003) Receivables Turnover : 3.93 (As of Mar. 2024)

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What is Sudal Industries 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. Sudal Industries's Revenue for the three months ended in Mar. 2024 was ₹348 Mil. Sudal Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹89 Mil. Hence, Sudal Industries's Receivables Turnover for the three months ended in Mar. 2024 was 3.93.

Sudal Industries Receivables Turnover Historical Data

The historical data trend for Sudal Industries'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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Sudal Industries Receivables Turnover Chart

Sudal Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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10.87

11.00

15.49

16.71

15.03

Sudal Industries 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															3.81	3.58	4.05	3.44	3.93

Competitive Comparison of Sudal Industries's Receivables Turnover

For the Aluminum subindustry, Sudal Industries'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.

Sudal Industries's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sudal Industries's Receivables Turnover distribution charts can be found below:

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

Sudal Industries Receivables Turnover Calculation

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

Sudal Industries'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 )
=	1441.097	/ (	(103.184	+	88.533)	/	2 )
=	1441.097	/	95.8585
=	15.03

Sudal Industries'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 )
=	348.287	/ (	(0	+	88.533)	/	1 )
=	348.287	/	88.533
=	3.93

Sudal Industries (BOM:506003) 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.

Sudal Industries Receivables Turnover Related Terms

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Sudal Industries (BOM:506003) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sudal Industries Ltd (BOM:506003) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

26A Nariman Bhavan, 227 Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.sudal.co.in

Sudal Industries Ltd is an India based manufacturer and supplier of aluminum products. It operates in the business of manufacturing and supplying aluminum extrusions and downstream value-added products. The company also manufactures and supplies aluminum alloys. The Products are made by melting of Aluminium Ingots into Alloy Billets and further extruded to manufacture extrusions. The group generates the majority of the revenue from the sales of aluminum extrusions.

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