Aditya Ispat (BOM:513513) Receivables Turnover : 0.50 (As of Dec. 2023)

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What is Aditya Ispat 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. Aditya Ispat's Revenue for the three months ended in Dec. 2023 was ₹118.7 Mil. Aditya Ispat's average Accounts Receivable for the three months ended in Dec. 2023 was ₹237.2 Mil. Hence, Aditya Ispat's Receivables Turnover for the three months ended in Dec. 2023 was 0.50.

Aditya Ispat Receivables Turnover Historical Data

The historical data trend for Aditya Ispat'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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Aditya Ispat Receivables Turnover Chart

Aditya Ispat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.53

2.88

4.36

2.86

2.88

Aditya Ispat Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.74	0.80	0.68	0.76	0.50

Competitive Comparison of Aditya Ispat's Receivables Turnover

For the Steel subindustry, Aditya Ispat'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.

Aditya Ispat's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Aditya Ispat's Receivables Turnover distribution charts can be found below:

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

Aditya Ispat Receivables Turnover Calculation

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

Aditya Ispat's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	533.273	/ (	(174.281	+	195.688)	/	2 )
=	533.273	/	184.9845
=	2.88

Aditya Ispat's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	118.672	/ (	(237.187	+	0)	/	1 )
=	118.672	/	237.187
=	0.50

Aditya Ispat (BOM:513513) 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.

Aditya Ispat Receivables Turnover Related Terms

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Aditya Ispat (BOM:513513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aditya Ispat Ltd (BOM:513513) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 20, Phase V, IDA, Jeedimetla, Hyderabad, AP, IND, 500055

Website

https://www.adityaispat.com

Aditya Ispat Ltd is a company that operates in the steel business. It is primarily involved in the manufacturing of bright steel bars of mild steel, carbon steel, alloy steel, and wires. The bright steel bar is the basic raw material for bolts, nuts, shafts, fasteners, tools, and manual irrigation equipment and is also widely used by automobile, fabrication, engineering, fan, chemical, food, marine, dairy, pharmaceuticals, and aerospace industries. In addition, it is also involved in the manufacturing of HB wire and Annealed wire including Binding wire. Geographically, operates through India and it derives revenue through the sale of the mentioned products.

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