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VST Tillers Tractors (BOM:531266) Receivables Turnover : 1.76 (As of Mar. 2024)


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What is VST Tillers Tractors 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. VST Tillers Tractors's Revenue for the three months ended in Mar. 2024 was ₹2,734 Mil. VST Tillers Tractors's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,552 Mil. Hence, VST Tillers Tractors's Receivables Turnover for the three months ended in Mar. 2024 was 1.76.


VST Tillers Tractors Receivables Turnover Historical Data

The historical data trend for VST Tillers Tractors'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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VST Tillers Tractors Receivables Turnover Chart

VST Tillers Tractors 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 5.63 8.55 11.43 9.28 6.36

VST Tillers Tractors 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 2.16 1.65 1.79 1.09 1.76

Competitive Comparison of VST Tillers Tractors's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, VST Tillers Tractors'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.


VST Tillers Tractors's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, VST Tillers Tractors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where VST Tillers Tractors's Receivables Turnover falls into.



VST Tillers Tractors Receivables Turnover Calculation

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

VST Tillers Tractors'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 )
=9680.5 / ((1492.443 + 1551.613) / 2 )
=9680.5 / 1522.028
=6.36

VST Tillers Tractors'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 )
=2734.4 / ((0 + 1551.613) / 1 )
=2734.4 / 1551.613
=1.76

* 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.


VST Tillers Tractors  (BOM:531266) 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.


VST Tillers Tractors Receivables Turnover Related Terms

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VST Tillers Tractors (BOM:531266) Business Description

Traded in Other Exchanges
Address
Whitefield Road, Plot No. 1, Dyavasandra Industrial Layout, Mahadevapura Post, Bengaluru, KA, IND, 560048
VST Tillers Tractors Ltd is in the business of manufacturing and trading of the agricultural, plantation, and horticultural machinery and components. Its products are power tillers and tractors, transplanters, binders, reapers, engines, precision/ auto components, and agricultural implements. The company mainly operates in India and exports its products to Africa, Netherlands, Poland, and Other countries. The company derives all of its revenue from the manufacturing and trading of the agriculture machinery segment.

VST Tillers Tractors (BOM:531266) Headlines

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