LEEL Electricals (NSE:LEEL) Receivables Turnover : 3.11 (As of Mar. 2018)

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What is LEEL Electricals 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. LEEL Electricals's Revenue for the six months ended in Mar. 2018 was ₹23,306 Mil. LEEL Electricals's average Accounts Receivable for the six months ended in Mar. 2018 was ₹7,489 Mil. Hence, LEEL Electricals's Receivables Turnover for the six months ended in Mar. 2018 was 3.11.

LEEL Electricals Receivables Turnover Historical Data

The historical data trend for LEEL Electricals'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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LEEL Electricals Receivables Turnover Chart

LEEL Electricals Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Receivables Turnover

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4.99

4.66

4.45

4.64

3.11

LEEL Electricals Semi-Annual Data
	Mar07	Mar08	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18
Receivables Turnover	Get a 7-Day Free Trial							4.99	4.66	4.45	4.64	3.11

Competitive Comparison of LEEL Electricals's Receivables Turnover

For the Specialty Industrial Machinery subindustry, LEEL Electricals'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.

LEEL Electricals's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where LEEL Electricals's Receivables Turnover falls into.

LEEL Electricals Receivables Turnover Calculation

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

LEEL Electricals's Receivables Turnover for the fiscal year that ended in Mar. 2018 is calculated as

	Receivables Turnover (A: Mar. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2018 )	/ (	(Accounts Receivable (A: Mar. 2017 )	+	Accounts Receivable (A: Mar. 2018 ))	/	count )
=	23305.9	/ (	(7598.5	+	7379)	/	2 )
=	23305.9	/	7488.75
=	3.11

LEEL Electricals's Receivables Turnover for the quarter that ended in Mar. 2018 is calculated as

	Receivables Turnover (Q: Mar. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2018 )	/ (	(Accounts Receivable (Q: Mar. 2017 )	+	Accounts Receivable (Q: Mar. 2018 ))	/	count )
=	23305.9	/ (	(7598.5	+	7379)	/	2 )
=	23305.9	/	7488.75
=	3.11

LEEL Electricals (NSE:LEEL) 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.

LEEL Electricals Receivables Turnover Related Terms

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LEEL Electricals (NSE:LEEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LEEL Electricals Ltd (NSE:LEEL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

159, Okhla Industrial Estate, Phase - III, New Delhi, Delhi, IND, 110020

Website

http://www.leelelectric.com

LEEL Electricals Ltd is an India-based heat exchangers coils manufacturer. It manufactures air conditioners for various brands including its own brand of LLOYD. The company also manufactures consumer durable business under Lloyd brand which includes product portfolio like Air-Conditioner, LED TV, Washing Machines, Chest Freezers and other small home appliances. Lloyd's segments are OEM and Packaged Air conditioning Segment, and Heat Exchangers and Components Segments but OEM and Packaged Air conditioning Segment generates the majority of the revenue.

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