Ashoka Buildcon (BOM:533271) Receivables Turnover : 2.88 (As of Mar. 2024)

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What is Ashoka Buildcon 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. Ashoka Buildcon's Revenue for the three months ended in Mar. 2024 was ₹30,519 Mil. Ashoka Buildcon's average Accounts Receivable for the three months ended in Mar. 2024 was ₹10,584 Mil. Hence, Ashoka Buildcon's Receivables Turnover for the three months ended in Mar. 2024 was 2.88.

Ashoka Buildcon Receivables Turnover Historical Data

The historical data trend for Ashoka Buildcon'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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Ashoka Buildcon Receivables Turnover Chart

Ashoka Buildcon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.86

5.05

7.23

9.68

9.96

Ashoka Buildcon 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															2.70	2.13	2.44	3.01	2.88

Competitive Comparison of Ashoka Buildcon's Receivables Turnover

For the Engineering & Construction subindustry, Ashoka Buildcon'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.

Ashoka Buildcon's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Ashoka Buildcon's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ashoka Buildcon's Receivables Turnover falls into.

Ashoka Buildcon Receivables Turnover Calculation

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

Ashoka Buildcon'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 )
=	97984.622	/ (	(9099.959	+	10584.134)	/	2 )
=	97984.622	/	9842.0465
=	9.96

Ashoka Buildcon'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 )
=	30518.698	/ (	(0	+	10584.134)	/	1 )
=	30518.698	/	10584.134
=	2.88

Ashoka Buildcon (BOM:533271) 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.

Ashoka Buildcon Receivables Turnover Related Terms

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Ashoka Buildcon (BOM:533271) Business Description

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ASHOKA:India

Address

Ashoka Marg, S. No. 861, Ashoka House, Vadala, Nashik, MH, IND, 422011

Website

https://www.ashokabuildcon.com

Ashoka Buildcon Ltd develops highways and is also active in power transmission and distribution. It operates in three segments: Construction and Contract Related Activities includes Engineering, Procurement and Construction activity of infra projects, Build operate and transfer includes Annuity to develop infra developer under BOT & Annuity, and Sale of Goods consist mainly Sale of construction material which includes RMC and Real estate. The company has its business operations across India. The majority of the revenue is generated from construction and contract-related activity.

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