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Eimco Elecon India (BOM:523708) Receivables Turnover : 0.87 (As of Mar. 2024)


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What is Eimco Elecon India 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. Eimco Elecon India's Revenue for the three months ended in Mar. 2024 was ₹820 Mil. Eimco Elecon India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹938 Mil. Hence, Eimco Elecon India's Receivables Turnover for the three months ended in Mar. 2024 was 0.87.


Eimco Elecon India Receivables Turnover Historical Data

The historical data trend for Eimco Elecon India'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.

Eimco Elecon India Receivables Turnover Chart

Eimco Elecon India 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 - 2.04 1.66 3.72 3.07

Eimco Elecon India 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 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 1.18 0.83 1.00 0.94 0.87

Competitive Comparison of Eimco Elecon India's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Eimco Elecon India'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.


Eimco Elecon India's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Eimco Elecon India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eimco Elecon India's Receivables Turnover falls into.



Eimco Elecon India Receivables Turnover Calculation

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

Eimco Elecon India'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 )
=2251.469 / ((528.314 + 937.775) / 2 )
=2251.469 / 733.0445
=3.07

Eimco Elecon India'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 )
=820.024 / ((0 + 937.775) / 1 )
=820.024 / 937.775
=0.87

* 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.


Eimco Elecon India  (BOM:523708) 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.


Eimco Elecon India Receivables Turnover Related Terms

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Eimco Elecon India (BOM:523708) Business Description

Traded in Other Exchanges
Address
Anand-Sojitra Road, District Anand, Vallabh Vidyanagar, GJ, IND, 388 120
Eimco Elecon India Ltd is an Indian company engaged in the business of manufacturing and supplying equipment for mining and construction sector. Its products include Air motors, Chair lift man riding system, Coal hauler, Drill machine, Load haul dumper (coal mining), Load haul dumper (metal mining), Low profile dump truck, Rocker shovel loader, Side dump loader, and Wheel loader, among others. The group sells its products in India and also exports them to other countries.

Eimco Elecon India (BOM:523708) Headlines

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