Alfa Ica (India) (BOM:530973) Receivables Turnover : 1.74 (As of Dec. 2023)

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What is Alfa Ica (India) 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. Alfa Ica (India)'s Revenue for the three months ended in Dec. 2023 was ₹163.1 Mil. Alfa Ica (India)'s average Accounts Receivable for the three months ended in Dec. 2023 was ₹93.9 Mil. Hence, Alfa Ica (India)'s Receivables Turnover for the three months ended in Dec. 2023 was 1.74.

Alfa Ica (India) Receivables Turnover Historical Data

The historical data trend for Alfa Ica (India)'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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Alfa Ica (India) Receivables Turnover Chart

Alfa Ica (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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6.26

6.25

6.02

7.26

6.30

Alfa Ica (India) 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															1.44	1.61	2.28	1.78	1.74

Competitive Comparison of Alfa Ica (India)'s Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, Alfa Ica (India)'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.

Alfa Ica (India)'s Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Alfa Ica (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Alfa Ica (India)'s Receivables Turnover falls into.

Alfa Ica (India) Receivables Turnover Calculation

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

Alfa Ica (India)'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 )
=	628.702	/ (	(124.798	+	74.82)	/	2 )
=	628.702	/	99.809
=	6.30

Alfa Ica (India)'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 )
=	163.086	/ (	(93.945	+	0)	/	1 )
=	163.086	/	93.945
=	1.74

Alfa Ica (India) (BOM:530973) 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.

Alfa Ica (India) Receivables Turnover Related Terms

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Alfa Ica (India) (BOM:530973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Alfa Ica (India) Ltd (BOM:530973) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Satellite Road, Near Shivranjani Cross Road, Alfa Pallazzo, Jodhpur, Ahmedabad, GJ, IND, 380 015

Website

http://www.alfaica.com

Alfa Ica (India) Ltd is an India-based company engaged in the process of manufacturing High-Pressure Laminate Sheets and Compacts which are available in different Colours, Designs, and Textures. The Laminate sheets are used for various applications in areas including Furniture Covering, Wall Paneling, Partitions, Door Covering and Shower Panels. It generates revenue from Decorative laminates. Geographically, it derives a majority of its revenue from Outside India.

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