Automotive Axles (BOM:505010) Receivables Turnover : 1.57 (As of Mar. 2024)

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What is Automotive Axles 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. Automotive Axles's Revenue for the three months ended in Mar. 2024 was ₹5,715 Mil. Automotive Axles's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3,645 Mil. Hence, Automotive Axles's Receivables Turnover for the three months ended in Mar. 2024 was 1.57.

Automotive Axles Receivables Turnover Historical Data

The historical data trend for Automotive Axles'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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Automotive Axles Receivables Turnover Chart

Automotive Axles Annual Data

Trend

Sep14

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.96

4.37

4.33

5.23

5.17

Automotive Axles 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															1.39	1.07	1.49	1.38	1.57

Competitive Comparison of Automotive Axles's Receivables Turnover

For the Auto Parts subindustry, Automotive Axles'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.

Automotive Axles's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Automotive Axles's Receivables Turnover distribution charts can be found below:

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

Automotive Axles Receivables Turnover Calculation

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

Automotive Axles'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 )
=	22291.74	/ (	(4985.97	+	3644.95)	/	2 )
=	22291.74	/	4315.46
=	5.17

Automotive Axles'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 )
=	5715.21	/ (	(0	+	3644.95)	/	1 )
=	5715.21	/	3644.95
=	1.57

Automotive Axles (BOM:505010) 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.

Automotive Axles Receivables Turnover Related Terms

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Automotive Axles (BOM:505010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Automotive Axles Ltd (BOM:505010) » Definitions » Receivables Turnover

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AUTOAXLES:India

Address

Off Hunsur Road, Hootagalli Indsutrial Area, Mysore, KA, IND, 570 018

Website

https://www.autoaxle.com

Automotive Axles Ltd is an India-based company engaged in the manufacturing and sale of automotive components. The company manufactures rear drive axle assemblies in India. It manufactures Drive axles, Non-drive axles, Front steer axles, Specialty and defense axles, and Drum and disc brakes. These products are provided to the domestic and global manufacturers of trucks and buses pertaining to segments such as light, medium, and heavy commercial vehicles, military and off-highway vehicles, aftermarket, and exports. The company operates in India.

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