Baheti Recycling Industries (NSE:BAHETI) Receivables Turnover : 7.80 (As of Mar. 2023)

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What is Baheti Recycling 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. Baheti Recycling Industries's Revenue for the six months ended in Mar. 2023 was ₹3,600 Mil. Baheti Recycling Industries's average Accounts Receivable for the six months ended in Mar. 2023 was ₹462 Mil. Hence, Baheti Recycling Industries's Receivables Turnover for the six months ended in Mar. 2023 was 7.80.

Baheti Recycling Industries Receivables Turnover Historical Data

The historical data trend for Baheti Recycling 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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Baheti Recycling Industries Receivables Turnover Chart

Baheti Recycling Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

4.93

5.43

7.80

Baheti Recycling Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	4.93	5.43	7.80	7.80

Competitive Comparison of Baheti Recycling Industries's Receivables Turnover

For the Aluminum subindustry, Baheti Recycling 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.

Baheti Recycling Industries's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Baheti Recycling Industries's Receivables Turnover distribution charts can be found below:

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

Baheti Recycling Industries Receivables Turnover Calculation

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

Baheti Recycling Industries'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 )
=	3599.629	/ (	(381.729	+	541.586)	/	2 )
=	3599.629	/	461.6575
=	7.80

Baheti Recycling Industries's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	3599.629	/ (	(381.729	+	541.586)	/	2 )
=	3599.629	/	461.6575
=	7.80

Baheti Recycling Industries (NSE:BAHETI) 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.

Baheti Recycling Industries Receivables Turnover Related Terms

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Baheti Recycling Industries (NSE:BAHETI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baheti Recycling Industries Ltd (NSE:BAHETI) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

A-2/3, L.R. Apartments, Opposite Police Commissioner Office, Shahibaug, Ahmedabad, GJ, IND, 380 004

Website

https://www.bahetiindustries.com

Baheti Recycling Industries Ltd is an aluminium recycling company, primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. Its products are being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc.

Baheti Recycling Industries (NSE:BAHETI) Headlines

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