Advance Metering Technology (BOM:534612) Receivables Turnover : 0.35 (As of Dec. 2023)

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What is Advance Metering Technology 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. Advance Metering Technology's Revenue for the three months ended in Dec. 2023 was ₹35.6 Mil. Advance Metering Technology's average Accounts Receivable for the three months ended in Dec. 2023 was ₹103.2 Mil. Hence, Advance Metering Technology's Receivables Turnover for the three months ended in Dec. 2023 was 0.35.

Advance Metering Technology Receivables Turnover Historical Data

The historical data trend for Advance Metering Technology'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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Advance Metering Technology Receivables Turnover Chart

Advance Metering Technology Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.63

1.69

1.27

1.66

2.61

Advance Metering Technology 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															0.30	0.67	0.72	0.52	0.35

Competitive Comparison of Advance Metering Technology's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Advance Metering Technology'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.

Advance Metering Technology's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Advance Metering Technology's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Advance Metering Technology's Receivables Turnover falls into.

Advance Metering Technology Receivables Turnover Calculation

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

Advance Metering Technology'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 )
=	181.234	/ (	(72.602	+	66.121)	/	2 )
=	181.234	/	69.3615
=	2.61

Advance Metering Technology'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 )
=	35.607	/ (	(103.176	+	0)	/	1 )
=	35.607	/	103.176
=	0.35

Advance Metering Technology (BOM:534612) 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.

Advance Metering Technology Receivables Turnover Related Terms

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Advance Metering Technology (BOM:534612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Advance Metering Technology Ltd (BOM:534612) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

C-4 to C-11, Hosiery Complex, Phase II Extension, Noida, UP, IND, 201305

Website

https://www.pkrgroup.in

Advance Metering Technology Ltd is engaged in manufacturing and selling energy meters, provides technical services relating to the energy sector, and in the business of wind power generation through windmills/ other renewable energy sources. The company is operating in two segments: Power Generation and Meters and others. The power Generation segment offers the sale of electricity generation through Wind. The meter and Others segment offers the Sale of energy meters and others, Rental Income, installation services, estate management services, and EPC work. The majority of its revenue is generated from the Meters and other segments.

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