HariOm Pipe Industries (BOM:543517) Receivables Turnover : 2.71 (As of Mar. 2024)

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What is HariOm Pipe 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. HariOm Pipe Industries's Revenue for the three months ended in Mar. 2024 was ₹3,309 Mil. HariOm Pipe Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,221 Mil. Hence, HariOm Pipe Industries's Receivables Turnover for the three months ended in Mar. 2024 was 2.71.

HariOm Pipe Industries Receivables Turnover Historical Data

The historical data trend for HariOm Pipe 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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HariOm Pipe Industries Receivables Turnover Chart

HariOm Pipe Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

9.67

11.99

18.51

11.39

11.08

HariOm Pipe Industries Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial										2.92	2.79	2.24	2.08	2.71

Competitive Comparison of HariOm Pipe Industries's Receivables Turnover

For the Steel subindustry, HariOm Pipe 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.

HariOm Pipe Industries's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, HariOm Pipe Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HariOm Pipe Industries's Receivables Turnover falls into.

HariOm Pipe Industries Receivables Turnover Calculation

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

HariOm Pipe 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 )
=	11531.877	/ (	(861.168	+	1220.731)	/	2 )
=	11531.877	/	1040.9495
=	11.08

HariOm Pipe 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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	3309.204	/ (	(0	+	1220.731)	/	1 )
=	3309.204	/	1220.731
=	2.71

HariOm Pipe Industries (BOM:543517) 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.

HariOm Pipe Industries Receivables Turnover Related Terms

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HariOm Pipe Industries (BOM:543517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HariOm Pipe Industries Ltd (BOM:543517) » Definitions » Receivables Turnover

Comparable Companies

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HARIOMPIPE:India

Address

Samarpan Lane, Plot 3-4-174/12/2, 1st Floor, Besides Spencer’s, Pillar No. 125, Attapur, Hyderabad, TG, IND, 500 048

Website

https://www.hariompipes.com

HariOm Pipe Industries Ltd is a premium manufacturer of iron and steel products. The products are used in industries such as housing, infrastructure, agriculture, automotive solar, fabrication, and engineering.

HariOm Pipe Industries (BOM:543517) Headlines

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