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Wardwizard Innovations & Mobility (BOM:538970) Receivables Turnover : 1.93 (As of Mar. 2024)


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What is Wardwizard Innovations & Mobility 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. Wardwizard Innovations & Mobility's Revenue for the three months ended in Mar. 2024 was ₹1,281 Mil. Wardwizard Innovations & Mobility's average Accounts Receivable for the three months ended in Mar. 2024 was ₹665 Mil. Hence, Wardwizard Innovations & Mobility's Receivables Turnover for the three months ended in Mar. 2024 was 1.93.


Wardwizard Innovations & Mobility Receivables Turnover Historical Data

The historical data trend for Wardwizard Innovations & Mobility'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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Wardwizard Innovations & Mobility Receivables Turnover Chart

Wardwizard Innovations & Mobility 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 1.00 26.24 42.17 21.70 7.78

Wardwizard Innovations & Mobility Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 4.32 3.13 2.99 6.38 1.93

Competitive Comparison of Wardwizard Innovations & Mobility's Receivables Turnover

For the Auto Manufacturers subindustry, Wardwizard Innovations & Mobility'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.


Wardwizard Innovations & Mobility's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Wardwizard Innovations & Mobility's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wardwizard Innovations & Mobility's Receivables Turnover falls into.



Wardwizard Innovations & Mobility Receivables Turnover Calculation

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

Wardwizard Innovations & Mobility'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 )
=3214.197 / ((161.637 + 664.574) / 2 )
=3214.197 / 413.1055
=7.78

Wardwizard Innovations & Mobility'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 )
=1281.145 / ((0 + 664.574) / 1 )
=1281.145 / 664.574
=1.93

* 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.


Wardwizard Innovations & Mobility  (BOM:538970) 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.


Wardwizard Innovations & Mobility Receivables Turnover Related Terms

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Wardwizard Innovations & Mobility (BOM:538970) Business Description

Traded in Other Exchanges
N/A
Address
Survey 26/2, Ajwa Road, Opposite Pooja Farm Sayajipura, Vadodara, GJ, IND, 390019
Wardwizard Innovations & Mobility Ltd and its subsidiary are engaged in the manufacturing and selling of transport equipment. It operates through the following segments: Joy E-Bike; Vyom Innovations and Sale of services. Geographically it generates a majority of revenue from India.

Wardwizard Innovations & Mobility (BOM:538970) Headlines

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