JSW Steel (NSE:JSWSTEEL) Receivables Turnover : 6.05 (As of Mar. 2024)

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What is JSW Steel 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. JSW Steel's Revenue for the three months ended in Mar. 2024 was ₹456,460 Mil. JSW Steel's average Accounts Receivable for the three months ended in Mar. 2024 was ₹75,480 Mil. Hence, JSW Steel's Receivables Turnover for the three months ended in Mar. 2024 was 6.05.

JSW Steel Receivables Turnover Historical Data

The historical data trend for JSW Steel'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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JSW Steel Receivables Turnover Chart

JSW Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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12.19

17.36

24.09

22.43

23.51

JSW Steel 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															6.50	5.86	6.10	5.75	6.05

Competitive Comparison of JSW Steel's Receivables Turnover

For the Steel subindustry, JSW Steel'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.

JSW Steel's Receivables Turnover Distribution in the Steel Industry

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

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

JSW Steel Receivables Turnover Calculation

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

JSW Steel'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 )
=	1725880	/ (	(71340	+	75480)	/	2 )
=	1725880	/	73410
=	23.51

JSW Steel'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 )
=	456460	/ (	(0	+	75480)	/	1 )
=	456460	/	75480
=	6.05

JSW Steel (NSE:JSWSTEEL) 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.

JSW Steel Receivables Turnover Related Terms

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JSW Steel (NSE:JSWSTEEL) Business Description

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500228:India

Address

JSW Centre, Bandra Kurla Complex, Near MMRDA Grounds, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.jsw.in

JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products, which account for the second-largest share of the company's steel volume, are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.

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