Agha Steel Industries (KAR:AGHA) Receivables Turnover : 0.55 (As of Mar. 2024)

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What is Agha Steel 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. Agha Steel Industries's Revenue for the three months ended in Mar. 2024 was ₨2,647 Mil. Agha Steel Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₨4,854 Mil. Hence, Agha Steel Industries's Receivables Turnover for the three months ended in Mar. 2024 was 0.55.

Agha Steel Industries Receivables Turnover Historical Data

The historical data trend for Agha Steel 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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Agha Steel Industries Receivables Turnover Chart

Agha Steel Industries Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Receivables Turnover

3.68

4.41

6.08

6.41

4.44

Agha Steel Industries Quarterly Data
	Jun19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial												1.03	1.04	1.19	0.89	0.55

Competitive Comparison of Agha Steel Industries's Receivables Turnover

For the Steel subindustry, Agha Steel 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.

Agha Steel Industries's Receivables Turnover Distribution in the Steel Industry

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

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

Agha Steel Industries Receivables Turnover Calculation

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

Agha Steel Industries's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Receivables Turnover (A: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2023 )	/ (	(Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )
=	20582.205	/ (	(4718.616	+	4556.414)	/	2 )
=	20582.205	/	4637.515
=	4.44

Agha Steel 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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2646.796	/ (	(4888.436	+	4819.704)	/	2 )
=	2646.796	/	4854.07
=	0.55

Agha Steel Industries (KAR:AGHA) 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.

Agha Steel Industries Receivables Turnover Related Terms

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Agha Steel Industries (KAR:AGHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Agha Steel Industries Ltd (KAR:AGHA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-19 II Talwar, Block 5, Office 801 and 804, 8th Floor, Emerald Tower, Clifton, Karachi, SD, PAK

Website

https://www.aghasteel.com

Agha Steel Industries Ltd is engaged in the business of manufacturing and sale of steel bars, wire rods, and billets in Pakistan. The products of the company include Billets, Earthquake-resistant rebar G-60, Arcon 615 deformed Bar G-60, and E bar G-500+.

Agha Steel Industries (KAR:AGHA) Headlines

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