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Orient Cement (BOM:535754) Receivables Turnover : 3.96 (As of Mar. 2024)


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What is Orient Cement 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. Orient Cement's Revenue for the three months ended in Mar. 2024 was ₹8,880 Mil. Orient Cement's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,244 Mil. Hence, Orient Cement's Receivables Turnover for the three months ended in Mar. 2024 was 3.96.


Orient Cement Receivables Turnover Historical Data

The historical data trend for Orient Cement'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.

Orient Cement Receivables Turnover Chart

Orient Cement 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 14.18 17.08 22.90 19.83 16.20

Orient Cement 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 5.19 4.88 3.53 3.68 3.96

Competitive Comparison of Orient Cement's Receivables Turnover

For the Building Materials subindustry, Orient Cement'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.


Orient Cement's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Orient Cement's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Orient Cement's Receivables Turnover falls into.



Orient Cement Receivables Turnover Calculation

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

Orient Cement'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 )
=31850.898 / ((1689.237 + 2243.717) / 2 )
=31850.898 / 1966.477
=16.20

Orient Cement'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 )
=8880.281 / ((0 + 2243.717) / 1 )
=8880.281 / 2243.717
=3.96

* 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.


Orient Cement  (BOM:535754) 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.


Orient Cement Receivables Turnover Related Terms

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Orient Cement (BOM:535754) Business Description

Traded in Other Exchanges
Address
25, Barakhamba Road, Birla Tower, 3rd Floor, New Delhi, IND, 110 001
Orient Cement Ltd is a manufacturer and supplier of cement products. Its manufacturing facilities are located at Devapur in Telangana, Jalgaon in Maharashtra and Chittapur in Karnataka. Its product mix includes Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC) sold under the brand name of Birla A1. Most of its revenue is derived from the sale of cement.

Orient Cement (BOM:535754) Headlines

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