Quality RO Industries (BOM:543460) Receivables Turnover : 2.36 (As of Mar. 2024)

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What is Quality RO Industries 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. Quality RO Industries's Revenue for the six months ended in Mar. 2024 was ₹70.8 Mil. Quality RO Industries's average Accounts Receivable for the six months ended in Mar. 2024 was ₹30.1 Mil. Hence, Quality RO Industries's Receivables Turnover for the six months ended in Mar. 2024 was 2.36.

Quality RO Industries Receivables Turnover Historical Data

The historical data trend for Quality RO Industries'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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Quality RO Industries Receivables Turnover Chart

Quality RO Industries Annual Data

Trend

Mar22

Mar23

Mar24

Receivables Turnover

2.55

5.45

5.46

Quality RO Industries Semi-Annual Data
	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			2.55	4.19	2.70	2.75	2.36

Competitive Comparison of Quality RO Industries's Receivables Turnover

For the Pollution & Treatment Controls subindustry, Quality RO Industries'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.

Quality RO Industries's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Quality RO Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Quality RO Industries's Receivables Turnover falls into.

Quality RO Industries Receivables Turnover Calculation

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

Quality RO Industries'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 )
=	132.218	/ (	(16.444	+	31.967)	/	2 )
=	132.218	/	24.2055
=	5.46

Quality RO Industries'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	70.848	/ (	(28.162	+	31.967)	/	2 )
=	70.848	/	30.0645
=	2.36

Quality RO Industries (BOM:543460) 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.

Quality RO Industries Receivables Turnover Related Terms

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Quality RO Industries (BOM:543460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Quality RO Industries Ltd (BOM:543460) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 09, POR Industrial Park, NH 08 Behind Sahayog Hotel, Village PO, Vadodara, GJ, IND, 391243

Website

https://www.qualityro.in

Quality RO Industries Ltd is engaged in the business of manufacturing, marketing, and supplying components for water purifiers and softener equipment. These water purifier parts have been designed to make a proper fit for RO plants and systems of different varieties, as we produce strictly according to industry standards. The company is at present engaged in the business of Trading and Manufacturing RO products and Transportation activities, which constitute two business segments. The prime revenue generator is the trading and manufacturing of the RO products segment.

Quality RO Industries (BOM:543460) Headlines

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