Shah Alloys (BOM:513436) Receivables Turnover : 12.01 (As of Dec. 2023)

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What is Shah Alloys 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. Shah Alloys's Revenue for the three months ended in Dec. 2023 was ₹1,428 Mil. Shah Alloys's average Accounts Receivable for the three months ended in Dec. 2023 was ₹119 Mil. Hence, Shah Alloys's Receivables Turnover for the three months ended in Dec. 2023 was 12.01.

Shah Alloys Receivables Turnover Historical Data

The historical data trend for Shah Alloys'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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Shah Alloys Receivables Turnover Chart

Shah Alloys Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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35.39

18.56

26.60

64.41

43.52

Shah Alloys 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															29.78	10.10	9.44	15.12	12.01

Competitive Comparison of Shah Alloys's Receivables Turnover

For the Steel subindustry, Shah Alloys'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.

Shah Alloys's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shah Alloys's Receivables Turnover distribution charts can be found below:

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

Shah Alloys Receivables Turnover Calculation

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

Shah Alloys'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 )
=	6262.431	/ (	(137.363	+	150.444)	/	2 )
=	6262.431	/	143.9035
=	43.52

Shah Alloys'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 )
=	1428.2	/ (	(118.9	+	0)	/	1 )
=	1428.2	/	118.9
=	12.01

Shah Alloys (BOM:513436) 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.

Shah Alloys Receivables Turnover Related Terms

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Shah Alloys (BOM:513436) Business Description

Industry

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SHAHALLOYS:India

Address

Shah Alloys Corporate House, Sola-Kalol Road, Village Santej, Taluka Kalol, Gandhinagar, GJ, IND, 382 721

Website

http://www.shahalloys.com

Shah Alloys Ltd manufactures and supplies steel in India. The company is engaged in manufacturing of Stainless steel, Alloys and Special steel, Carbon/mild steel and Armour steel in Flat and long products. The product offered by the group includes hot rolled coils, hot rolled sheets, and plates, cold rolled coils and sheets, hot rolled round bars, hot rolled flat bars, angles, bright/peeled bars, beams, and angles. The firm generates a majority of its revenue from the sale of Iron and Steel products which includes Bars, Beams, Flat, Plate and Coil, Slab and Billets.

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