CIE Automotive India (BOM:532756) Receivables Turnover : 3.83 (As of Mar. 2024)

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What is CIE Automotive 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. CIE Automotive India's Revenue for the three months ended in Mar. 2024 was ₹24,268 Mil. CIE Automotive India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹6,331 Mil. Hence, CIE Automotive India's Receivables Turnover for the three months ended in Mar. 2024 was 3.83.

CIE Automotive India Receivables Turnover Historical Data

The historical data trend for CIE Automotive 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.

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CIE Automotive India Receivables Turnover Chart

CIE Automotive India Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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10.70

8.39

9.33

11.45

12.42

CIE Automotive 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															2.83	2.08	2.05	3.54	3.83

Competitive Comparison of CIE Automotive India's Receivables Turnover

For the Auto Parts subindustry, CIE Automotive 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.

CIE Automotive India's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, CIE Automotive India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where CIE Automotive India's Receivables Turnover falls into.

CIE Automotive India Receivables Turnover Calculation

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

CIE Automotive India's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	92803.49	/ (	(8608	+	6331.35)	/	2 )
=	92803.49	/	7469.675
=	12.42

CIE Automotive 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 )
=	24268.03	/ (	(6331.35	+	0)	/	1 )
=	24268.03	/	6331.35
=	3.83

CIE Automotive India (BOM:532756) 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.

CIE Automotive India Receivables Turnover Related Terms

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CIE Automotive India (BOM:532756) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CIE Automotive India Ltd (BOM:532756) » Definitions » Receivables Turnover

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CIEINDIA:India

Address

Off Western Express Highway, Suite F9D, Grand Hyatt Plaza (Lobby Level), Santacruz (East), Mumbai, MH, IND, 400 055

Website

https://www.cie-india.com

CIE Automotive India Ltd is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers (including suppliers of components) in India and overseas. The company has manufacturing facilities in India, Germany, Spain, Lithuania, Italy, and Mexico. The company has an established presence in each of these locations and supplies automotive components to its customers based there and export products to customers based in other countries as well. Geographically the company operates in two segments India and Europe.

CIE Automotive India (BOM:532756) Headlines

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