Esab India (BOM:500133) Receivables Turnover : 1.67 (As of Dec. 2023)

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What is Esab India 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. Esab India's Revenue for the three months ended in Dec. 2023 was ₹3,015 Mil. Esab India's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,806 Mil. Hence, Esab India's Receivables Turnover for the three months ended in Dec. 2023 was 1.67.

Esab India Receivables Turnover Historical Data

The historical data trend for Esab India'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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Esab India Receivables Turnover Chart

Esab India Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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10.87

9.36

7.40

7.61

7.57

Esab India Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.98	1.95	1.97	1.68	1.67

Competitive Comparison of Esab India's Receivables Turnover

For the Tools & Accessories subindustry, Esab India'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.

Esab India's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Esab India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Esab India's Receivables Turnover falls into.

Esab India Receivables Turnover Calculation

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

Esab India'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 )
=	10855.1	/ (	(1352.2	+	1516.5)	/	2 )
=	10855.1	/	1434.35
=	7.57

Esab India's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	3014.5	/ (	(1805.6	+	0)	/	1 )
=	3014.5	/	1805.6
=	1.67

Esab India (BOM:500133) 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.

Esab India Receivables Turnover Related Terms

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Esab India (BOM:500133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Esab India Ltd (BOM:500133) » Definitions » Receivables Turnover

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ESABINDIA:India

Address

Plot No.13, 3rd Main Road, Industrial Estate, Ambattur, Chennai, TN, IND, 600 058

Website

http://www.esabindia.com

Esab India Ltd is engaged in the production of welding and cutting equipment and consumables. The company focuses on areas such as Manual welding and cutting equipment, Welding Consumables, Welding automation, Mechanized cutting systems and others. It operates in the segment of fabrication technology. This includes manufacturing and selling of welding, cutting and allied products and also provides engineering, support and consulting services. It serves industries like Automotive, General fabrication and civil construction, Pipelines, Pipe mills, Power generation, Process industry, Repair and maintenance, Shipbuilding and offshore and Transport and mobile machinery industries. The company's brand includes ESAB, Exaton, Gasarc, Murex, Victor, Thermal Dynamics, Tweco.

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