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Aanchal Ispat (BOM:538812) Receivables Turnover : 0.16 (As of Dec. 2023)


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What is Aanchal 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. Aanchal Ispat's Revenue for the three months ended in Dec. 2023 was ₹84 Mil. Aanchal Ispat's average Accounts Receivable for the three months ended in Dec. 2023 was ₹538 Mil. Hence, Aanchal Ispat's Receivables Turnover for the three months ended in Dec. 2023 was 0.16.


Aanchal Ispat Receivables Turnover Historical Data

The historical data trend for Aanchal 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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Aanchal Ispat Receivables Turnover Chart

Aanchal Ispat Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.87 2.35 1.60 2.26 2.95

Aanchal 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 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 0.53 1.02 0.82 0.17 0.16

Competitive Comparison of Aanchal Ispat's Receivables Turnover

For the Steel subindustry, Aanchal 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.


Aanchal Ispat's Receivables Turnover Distribution in the Steel Industry

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

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



Aanchal Ispat Receivables Turnover Calculation

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

Aanchal 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 )
=1940.647 / ((768.361 + 546.363) / 2 )
=1940.647 / 657.362
=2.95

Aanchal 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 )
=83.503 / ((537.693 + 0) / 1 )
=83.503 / 537.693
=0.16

* 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.


Aanchal Ispat  (BOM:538812) 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.


Aanchal Ispat Receivables Turnover Related Terms

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Aanchal Ispat (BOM:538812) Business Description

Traded in Other Exchanges
N/A
Address
Canal South Road, SDF-V, Block-E, Module-503, Paridhan Park 19, Kolkata, WB, IND, 700 015
Aanchal Ispat Ltd is engaged in the business of manufacturing of iron and steel products. It manufactures Mild Steel TMT (thermomechanical treatment) Re-bars, Structural Re-bars, Round, and other Sectional products. The company also engages in trading of Mild Steel Billets, Cement and Clinker and TMT and Structural Re-Bars. Its product is used in the Infrastructure and Construction Industry.

Aanchal Ispat (BOM:538812) Headlines

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