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Coventry Coil-O-Matic (Haryana) (BOM:523415) Receivables Turnover : 2.89 (As of Jun. 2024)


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What is Coventry Coil-O-Matic (Haryana) 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. Coventry Coil-O-Matic (Haryana)'s Revenue for the three months ended in Jun. 2024 was ₹216.7 Mil. Coventry Coil-O-Matic (Haryana)'s average Accounts Receivable for the three months ended in Jun. 2024 was ₹74.9 Mil. Hence, Coventry Coil-O-Matic (Haryana)'s Receivables Turnover for the three months ended in Jun. 2024 was 2.89.


Coventry Coil-O-Matic (Haryana) Receivables Turnover Historical Data

The historical data trend for Coventry Coil-O-Matic (Haryana)'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.

Coventry Coil-O-Matic (Haryana) Receivables Turnover Chart

Coventry Coil-O-Matic (Haryana) Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.93 8.72 12.11 15.20 13.63

Coventry Coil-O-Matic (Haryana) Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24
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 3.76 4.01 2.72 - 2.89

Competitive Comparison of Coventry Coil-O-Matic (Haryana)'s Receivables Turnover

For the Auto Parts subindustry, Coventry Coil-O-Matic (Haryana)'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.


Coventry Coil-O-Matic (Haryana)'s Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Coventry Coil-O-Matic (Haryana)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Coventry Coil-O-Matic (Haryana)'s Receivables Turnover falls into.



Coventry Coil-O-Matic (Haryana) Receivables Turnover Calculation

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

Coventry Coil-O-Matic (Haryana)'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 )
=862.865 / ((51.706 + 74.865) / 2 )
=862.865 / 63.2855
=13.63

Coventry Coil-O-Matic (Haryana)'s Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=216.674 / ((74.865 + 0) / 1 )
=216.674 / 74.865
=2.89

* 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.


Coventry Coil-O-Matic (Haryana)  (BOM:523415) 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.


Coventry Coil-O-Matic (Haryana) Receivables Turnover Related Terms

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Coventry Coil-O-Matic (Haryana) Business Description

Traded in Other Exchanges
N/A
Address
87 KM, Delhi – Jaipur Road (NH-8), Village Salawas, PO Sangwari, Rewari, HR, IND, 123 401
Coventry Coil-O-Matic (Haryana) Ltd is engaged in the manufacturing of Auto Suspension Springs as well as Power Brake Actuator Springs for Commercial Vehicles. It also offers barrel, conical, hour-glass, pig-tail clutches, circuit breakers, dampers, dies, motors, pressure switches, pressure plates, trunk lid, door checker, hinges, engine valves, and ejectors. The Company is primarily engaged in the manufacturing of Cold-Formed Coil Springs. Geographically it operates through the region of India.

Coventry Coil-O-Matic (Haryana) Headlines

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