HMT (BOM:500191) Receivables Turnover : 0.18 (As of Dec. 2023)

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What is HMT 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. HMT's Revenue for the three months ended in Dec. 2023 was ₹323 Mil. HMT's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,769 Mil. Hence, HMT's Receivables Turnover for the three months ended in Dec. 2023 was 0.18.

HMT Receivables Turnover Historical Data

The historical data trend for HMT'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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HMT Receivables Turnover Chart

HMT Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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1.94

1.64

1.27

1.08

1.19

HMT 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															0.25	0.58	0.25	0.20	0.18

Competitive Comparison of HMT's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, HMT'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.

HMT's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, HMT's Receivables Turnover distribution charts can be found below:

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

HMT Receivables Turnover Calculation

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

HMT'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 )
=	2038.086	/ (	(1554.559	+	1857.742)	/	2 )
=	2038.086	/	1706.1505
=	1.19

HMT'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 )
=	322.6	/ (	(1769.2	+	0)	/	1 )
=	322.6	/	1769.2
=	0.18

HMT (BOM:500191) 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.

HMT Receivables Turnover Related Terms

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HMT (BOM:500191) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » HMT Ltd (BOM:500191) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

HMT:India

Address

No. 59, Bellary Road, HMT Bhavan, Bangalore, KA, IND, 560032

Website

https://www.hmtindia.com

HMT Ltd is an Indian company. It manufactures tractors, machine tools, and food processing machines. The company's products and service offerings include testing and inspection, projects and consultancy, tooling solutions, refurbishing services, and others. Its products consist of machine tools, watches, tractors, printing machinery, bearings, and food processing machine. Business operating segments include Food processing units, Machine tools, Projects and Others. The firm derives substantial revenue from Machine tools.

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