Shriram Properties (BOM:543419) Receivables Turnover : 1.87 (As of Dec. 2023)

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What is Shriram Properties 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. Shriram Properties's Revenue for the three months ended in Dec. 2023 was ₹2,212 Mil. Shriram Properties's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,180 Mil. Hence, Shriram Properties's Receivables Turnover for the three months ended in Dec. 2023 was 1.87.

Shriram Properties Receivables Turnover Historical Data

The historical data trend for Shriram Properties'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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Shriram Properties Receivables Turnover Chart

Shriram Properties Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

2.95

2.74

2.70

3.07

6.92

Shriram Properties Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial										2.11	1.11	1.71	1.75	1.87

Competitive Comparison of Shriram Properties's Receivables Turnover

For the Real Estate - Development subindustry, Shriram Properties'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.

Shriram Properties's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shriram Properties's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shriram Properties's Receivables Turnover falls into.

Shriram Properties Receivables Turnover Calculation

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

Shriram Properties'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 )
=	6443.84	/ (	(1075.69	+	788)	/	2 )
=	6443.84	/	931.845
=	6.92

Shriram Properties'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 )
=	2212.1	/ (	(1180.4	+	0)	/	1 )
=	2212.1	/	1180.4
=	1.87

Shriram Properties (BOM:543419) 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.

Shriram Properties Receivables Turnover Related Terms

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Shriram Properties (BOM:543419) Business Description

Industry

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Traded in Other Exchanges

SHRIRAMPPS:India

Address

No. 31, 2nd Main Road, T. Chowdaiah Road, Shriram House, Sadashivanagar, Bengaluru, KA, IND, 560 080

Website

https://www.shriramproperties.com

Shriram Properties Ltd is a residential real estate development company. The Company is engaged in the business of construction, development and sale of all or any part of housing project which is the only reportable segment. It primarily focuses on the mid-market and affordable housing segments. It is also present in the mid-market premium and luxury housing categories as well as commercial and office space categories.

Shriram Properties (BOM:543419) Headlines

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