Aeroflex Industries (BOM:543972) Receivables Turnover : 1.54 (As of Mar. 2024)

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What is Aeroflex Industries 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. Aeroflex Industries's Revenue for the six months ended in Mar. 2024 was ₹1,509 Mil. Aeroflex Industries's average Accounts Receivable for the six months ended in Mar. 2024 was ₹977 Mil. Hence, Aeroflex Industries's Receivables Turnover for the six months ended in Mar. 2024 was 1.54.

Aeroflex Industries Receivables Turnover Historical Data

The historical data trend for Aeroflex Industries'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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Aeroflex Industries Receivables Turnover Chart

Aeroflex Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

4.68

4.41

5.39

4.51

3.93

Aeroflex Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			-	2.63	1.82	1.99	1.54

Competitive Comparison of Aeroflex Industries's Receivables Turnover

For the Metal Fabrication subindustry, Aeroflex Industries'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.

Aeroflex Industries's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Aeroflex Industries's Receivables Turnover falls into.

Aeroflex Industries Receivables Turnover Calculation

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

Aeroflex Industries'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 )
=	3179.073	/ (	(669.7	+	947.228)	/	2 )
=	3179.073	/	808.464
=	3.93

Aeroflex Industries'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1509.012	/ (	(1007.349	+	947.228)	/	2 )
=	1509.012	/	977.2885
=	1.54

Aeroflex Industries (BOM:543972) 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.

Aeroflex Industries Receivables Turnover Related Terms

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Aeroflex Industries (BOM:543972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aeroflex Industries Ltd (BOM:543972) » Definitions » Receivables Turnover

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Traded in Other Exchanges

AEROFLEX:India

Address

Plot No. 41, 42/13, 42/14 & 42/18, Village Chal, Behind IGPL, near Taloja MIDC, Panvel, Navi Mumbai, MH, IND, 410 208

Website

https://www.aeroflexindia.com

Aeroflex Industries Ltd is a manufacturer and supplier of environment-friendly metallic flexible flow solution products catering to global as well as domestic markets. It supply products to a wide spectrum of industries for the controlled flow of all forms of substances including air, liquid, and solid, Solution products are required in fire sprinklers, gas supply, the flow of air (conditioned/controlled) in aircraft, fueling and hydraulics in aircraft. The company exports its products to more than 80 countries including Europe, the USA and others.

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