Ahmedabad Steelcraft (BOM:522273) Receivables Turnover : 0.03 (As of Dec. 2023)

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What is Ahmedabad Steelcraft 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. Ahmedabad Steelcraft's Revenue for the three months ended in Dec. 2023 was ₹0.65 Mil. Ahmedabad Steelcraft's average Accounts Receivable for the three months ended in Dec. 2023 was ₹23.76 Mil. Hence, Ahmedabad Steelcraft's Receivables Turnover for the three months ended in Dec. 2023 was 0.03.

Ahmedabad Steelcraft Receivables Turnover Historical Data

The historical data trend for Ahmedabad Steelcraft'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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Ahmedabad Steelcraft Receivables Turnover Chart

Ahmedabad Steelcraft Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.68

3.28

0.98

0.37

1.18

Ahmedabad Steelcraft 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															0.58	0.25	0.20	0.09	0.03

Competitive Comparison of Ahmedabad Steelcraft's Receivables Turnover

For the Steel subindustry, Ahmedabad Steelcraft'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.

Ahmedabad Steelcraft's Receivables Turnover Distribution in the Steel Industry

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

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

Ahmedabad Steelcraft Receivables Turnover Calculation

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

Ahmedabad Steelcraft'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 )
=	21.96	/ (	(13.921	+	23.374)	/	2 )
=	21.96	/	18.6475
=	1.18

Ahmedabad Steelcraft'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 )
=	0.647	/ (	(23.763	+	0)	/	1 )
=	0.647	/	23.763
=	0.03

Ahmedabad Steelcraft (BOM:522273) 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.

Ahmedabad Steelcraft Receivables Turnover Related Terms

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Ahmedabad Steelcraft (BOM:522273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ahmedabad Steelcraft Ltd (BOM:522273) » Definitions » Receivables Turnover

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Address

Ambli Bopal Road, 604, North Tower, One-42 Complex, Behind Ashok Vatika, Near Jayantilal Park BRTS, Ahmedabad, GJ, IND, 380 006

Website

http://www.steelcraft.co.in

Ahmedabad Steelcraft Ltd is engaged in the business of trading and exporting of steel windows and door sections. It offers various kinds of mild steel products, such as Sections, Angles, Flats, Flat bars and squares, Rounds, Beams, Channels, and Plates. The products are used in various industries like the steel angles are used in constructions, transmission and telecommunication towers and architectural applications; Steel Flat Bars are versatile product commonly used in fabrication work, for making frames and structures; and whereas the Plates have usages in a wide variety of application in all sectors of the Engineering Industries.

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