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Tierra Agrotech (BOM:543531) Receivables Turnover : 0.58 (As of Mar. 2024)


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What is Tierra Agrotech 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. Tierra Agrotech's Revenue for the three months ended in Mar. 2024 was ₹74.9 Mil. Tierra Agrotech's average Accounts Receivable for the three months ended in Mar. 2024 was ₹129.6 Mil. Hence, Tierra Agrotech's Receivables Turnover for the three months ended in Mar. 2024 was 0.58.


Tierra Agrotech Receivables Turnover Historical Data

The historical data trend for Tierra Agrotech'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.

Tierra Agrotech Receivables Turnover Chart

Tierra Agrotech 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 3.27 2.71 4.31 3.45 4.58

Tierra Agrotech Quarterly Data
Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 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 0.51 2.67 0.46 0.17 0.58

Competitive Comparison of Tierra Agrotech's Receivables Turnover

For the Agricultural Inputs subindustry, Tierra Agrotech'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.


Tierra Agrotech's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tierra Agrotech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tierra Agrotech's Receivables Turnover falls into.



Tierra Agrotech Receivables Turnover Calculation

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

Tierra Agrotech'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 )
=671.437 / ((163.384 + 129.593) / 2 )
=671.437 / 146.4885
=4.58

Tierra Agrotech'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 )
=74.925 / ((0 + 129.593) / 1 )
=74.925 / 129.593
=0.58

* 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.


Tierra Agrotech  (BOM:543531) 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.


Tierra Agrotech Receivables Turnover Related Terms

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Tierra Agrotech (BOM:543531) Business Description

Traded in Other Exchanges
N/A
Address
Road No. 2, Banjara Hills, Kamalapuri Colony Lane, Next to L V Prasad Hospital, 1st Floor, Sravana Complex, Hyderabad, TG, IND, 500034
Tierra Agrotech Ltd is engaged in the research, development, production, processing and commercialization of superior products in crops like Cotton, Rice, Corn, Mustard, Tomato and Okra. The company is engaged in the Production and trading of Agricultural seeds.

Tierra Agrotech (BOM:543531) Headlines

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