Manav infra projects (NSE:MANAV) Receivables Turnover : 0.89 (As of Mar. 2022)

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What is Manav infra projects 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. Manav infra projects's Revenue for the six months ended in Mar. 2022 was ₹32.03 Mil. Manav infra projects's average Accounts Receivable for the six months ended in Mar. 2022 was ₹36.14 Mil. Hence, Manav infra projects's Receivables Turnover for the six months ended in Mar. 2022 was 0.89.

Manav infra projects Receivables Turnover Historical Data

The historical data trend for Manav infra projects'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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Manav infra projects Receivables Turnover Chart

Manav infra projects Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.56

1.01

1.02

1.51

3.42

Manav infra projects Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Mar23
Receivables Turnover	Get a 7-Day Free Trial												0.41	0.55	0.61	0.89	-

Competitive Comparison of Manav infra projects's Receivables Turnover

For the Engineering & Construction subindustry, Manav infra projects'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.

Manav infra projects's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Manav infra projects's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Manav infra projects's Receivables Turnover falls into.

Manav infra projects Receivables Turnover Calculation

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

Manav infra projects'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 )
=	119.471	/ (	(35.835	+	34.107)	/	2 )
=	119.471	/	34.971
=	3.42

Manav infra projects's Receivables Turnover for the quarter that ended in Mar. 2022 is calculated as

	Receivables Turnover (Q: Mar. 2022 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2022 )	/ (	(Accounts Receivable (Q: Sep. 2021 )	+	Accounts Receivable (Q: Mar. 2022 ))	/	count )
=	32.026	/ (	(36.452	+	35.835)	/	2 )
=	32.026	/	36.1435
=	0.89

Manav infra projects (NSE:MANAV) 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.

Manav infra projects Receivables Turnover Related Terms

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Manav infra projects (NSE:MANAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manav infra projects Ltd (NSE:MANAV) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Akurli Road, 226, Gundecha Industrial - Complex, Near Growels Mall, Kandivali (East), Mumbai, MH, IND, 400101

Website

https://www.manavinfra.com

Manav infra projects Ltd is engaged in civil construction services such as piling, excavation, road construction, land leveling. It also provides earth moving machines and construction equipment on rent for infrastructure and construction-related work. Some of the company's projects include Sevens Sagbag, Aroha, HDIL Commercial Basement Work, and others.

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