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Simmonds Marshall (BOM:507998) Receivables Turnover : 1.82 (As of Dec. 2023)


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What is Simmonds Marshall 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. Simmonds Marshall's Revenue for the three months ended in Dec. 2023 was ₹473 Mil. Simmonds Marshall's average Accounts Receivable for the three months ended in Dec. 2023 was ₹260 Mil. Hence, Simmonds Marshall's Receivables Turnover for the three months ended in Dec. 2023 was 1.82.


Simmonds Marshall Receivables Turnover Historical Data

The historical data trend for Simmonds Marshall'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.

* Premium members only.

Simmonds Marshall Receivables Turnover Chart

Simmonds Marshall Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.24 5.00 5.70 5.83 7.21

Simmonds Marshall 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.38 1.68 1.86 1.92 1.82

Competitive Comparison of Simmonds Marshall's Receivables Turnover

For the Tools & Accessories subindustry, Simmonds Marshall'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.


Simmonds Marshall's Receivables Turnover Distribution in the Industrial Products Industry

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

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



Simmonds Marshall Receivables Turnover Calculation

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

Simmonds Marshall'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 )
=1822.093 / ((255.425 + 250.12) / 2 )
=1822.093 / 252.7725
=7.21

Simmonds Marshall'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 )
=472.708 / ((260.277 + 0) / 1 )
=472.708 / 260.277
=1.82

* 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.


Simmonds Marshall  (BOM:507998) 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.


Simmonds Marshall Receivables Turnover Related Terms

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Simmonds Marshall (BOM:507998) Business Description

Traded in Other Exchanges
N/A
Address
5, Wallace Street, Apeejay Chambers, Fort, Mumbai, MH, IND, 400001
Simmonds Marshall Ltd is a manufacturer of industrial fasteners. It caters to the automotive and industrial sectors and supplies to almost all the major automobile manufacturers in India as original equipment suppliers. The company product range comprises of Cleveloc and all metal self-locking nuts, Dome cap, Slotted and castle, Nylon insert self-locking nuts, Bolts and Studs. It operates in two geographical segments: India and other countries, of which maximum revenue is derived from India.

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