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Artson Engineering (BOM:522134) Receivables Turnover : 0.55 (As of Mar. 2024)


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What is Artson Engineering 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. Artson Engineering's Revenue for the three months ended in Mar. 2024 was ₹249 Mil. Artson Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was ₹452 Mil. Hence, Artson Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 0.55.


Artson Engineering Receivables Turnover Historical Data

The historical data trend for Artson Engineering'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.

* Premium members only.

Artson Engineering Receivables Turnover Chart

Artson Engineering Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.88 3.15 2.85 2.37 2.60

Artson Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.78 0.63 0.66 0.55

Competitive Comparison of Artson Engineering's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Artson Engineering'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.


Artson Engineering's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Artson Engineering's Receivables Turnover distribution charts can be found below:

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



Artson Engineering Receivables Turnover Calculation

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

Artson Engineering'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 )
=1281.204 / ((535.201 + 452.223) / 2 )
=1281.204 / 493.712
=2.60

Artson Engineering'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 )
=248.78 / ((0 + 452.223) / 1 )
=248.78 / 452.223
=0.55

* 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.


Artson Engineering  (BOM:522134) 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.


Artson Engineering Receivables Turnover Related Terms

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Artson Engineering (BOM:522134) Business Description

Traded in Other Exchanges
N/A
Address
Prenderghast Road, Ground Floor, Mithona Towers 1-7-80 to 87, Secunderabad, Hyderabad, TG, IND, 500 003
Artson Engineering Ltd is an Indian based company. The company is involved in the manufacturing of structural metal products, and industrial and infrastructure construction projects. Its only operating segment is Supply of fabricated steel structure and site services of mechanical works. The company manufacture Pressure vessels, Buffer Vessels, Columns, Heat exchangers, Stacks, Storage Tanks, LPG/Propane Bullets and others.

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