Al-Ghazi Tractors (KAR:AGTL) Receivables Turnover : 14.31 (As of Mar. 2024)

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What is Al-Ghazi 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. Al-Ghazi Tractors's Revenue for the three months ended in Mar. 2024 was ₨9,497 Mil. Al-Ghazi Tractors's average Accounts Receivable for the three months ended in Mar. 2024 was ₨664 Mil. Hence, Al-Ghazi Tractors's Receivables Turnover for the three months ended in Mar. 2024 was 14.31.

Al-Ghazi Tractors Receivables Turnover Historical Data

The historical data trend for Al-Ghazi 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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Al-Ghazi Tractors Receivables Turnover Chart

Al-Ghazi Tractors Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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422.54

1,240.15

4,424.62

338.82

213.47

Al-Ghazi 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															40.97	489.02	32.71	12.12	14.31

Competitive Comparison of Al-Ghazi Tractors's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Al-Ghazi 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.

Al-Ghazi Tractors's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

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

* The bar in red indicates where Al-Ghazi Tractors's Receivables Turnover falls into.

Al-Ghazi Tractors Receivables Turnover Calculation

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

Al-Ghazi Tractors's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	34543.545	/ (	(161.82	+	0)	/	1 )
=	34543.545	/	161.82
=	213.47

Al-Ghazi 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 )
=	9496.684	/ (	(0	+	663.687)	/	1 )
=	9496.684	/	663.687
=	14.31

Al-Ghazi Tractors (KAR:AGTL) 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.

Al-Ghazi Tractors Receivables Turnover Related Terms

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Al-Ghazi Tractors (KAR:AGTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Al-Ghazi Tractors Ltd (KAR:AGTL) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

16th East Street, Off. Korangi Road, Tractor House, No.102-B, DHA Phase I, Karachi, PAK

Website

https://www.alghazitractors.com

Al-Ghazi Tractors Ltd is an agricultural equipment manufacturer in Pakistan. Its major operating segment includes the manufacture and sale of agricultural tractors, implements and spare parts which generates most of the company's revenue. The company's other activities include implements and generators. Its implements segment comprises cultivators, disk harrows, potato diggers, sprayers, ploughs and all other equipment which aid agriculture and the generator segment offers energy-efficient diesel generators. Geographically, it derives a majority of revenue from Pakistan.

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