Larsen & Toubro (NSE:LT) Receivables Turnover : 1.38 (As of Mar. 2024)

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What is Larsen & Toubro 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. Larsen & Toubro's Revenue for the three months ended in Mar. 2024 was ₹670,787 Mil. Larsen & Toubro's average Accounts Receivable for the three months ended in Mar. 2024 was ₹487,710 Mil. Hence, Larsen & Toubro's Receivables Turnover for the three months ended in Mar. 2024 was 1.38.

Larsen & Toubro Receivables Turnover Historical Data

The historical data trend for Larsen & Toubro'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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Larsen & Toubro Receivables Turnover Chart

Larsen & Toubro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.72

3.24

3.52

4.04

4.73

Larsen & Toubro 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															1.30	1.07	1.06	1.15	1.38

Competitive Comparison of Larsen & Toubro's Receivables Turnover

For the Engineering & Construction subindustry, Larsen & Toubro'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.

Larsen & Toubro's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Larsen & Toubro's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Larsen & Toubro's Receivables Turnover falls into.

Larsen & Toubro Receivables Turnover Calculation

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

Larsen & Toubro'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 )
=	2211129.1	/ (	(447315.3	+	487709.5)	/	2 )
=	2211129.1	/	467512.4
=	4.73

Larsen & Toubro'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 )
=	670786.8	/ (	(0	+	487709.5)	/	1 )
=	670786.8	/	487709.5
=	1.38

Larsen & Toubro (NSE:LT) 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.

Larsen & Toubro Receivables Turnover Related Terms

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Larsen & Toubro (NSE:LT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Larsen & Toubro Ltd (NSE:LT) » Definitions » Receivables Turnover

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LTOUF:USA 500510:India LTODl:UK LTOD:UK LTO:Germany

Address

Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, IND, 400 001

Website

https://www.larsentoubro.com

Larsen & Toubro Ltd is a technology, engineering, manufacturing, and financial services conglomerate. It enters contracts to construct various facilities, develop solutions for offshore and onshore hydrocarbon projects, serve power plants, build ships, and perform other engineering projects. Its integrated capabilities help customers throughout the entire value chain, from design to delivering a project. The company has several operating segments: Infrastructure segment; Energy Projects segment, Hi-Tech Manufacturing segment and Other segments. Larsen & Toubro can supply customized solutions or standardized components for reproduction, and its service network boosts aftermarket sales.

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