Sadbhav Engineering (NSE:SADBHAV) Receivables Turnover : 1.71 (As of Mar. 2024)

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What is Sadbhav Engineering 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. Sadbhav Engineering's Revenue for the three months ended in Mar. 2024 was ₹4,727 Mil. Sadbhav Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,758 Mil. Hence, Sadbhav Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 1.71.

Sadbhav Engineering Receivables Turnover Historical Data

The historical data trend for Sadbhav Engineering'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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Sadbhav Engineering Receivables Turnover Chart

Sadbhav Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.69

15.68

7.79

5.01

5.81

Sadbhav Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.10	1.84	1.37	0.94	1.71

Competitive Comparison of Sadbhav Engineering's Receivables Turnover

For the Engineering & Construction subindustry, Sadbhav Engineering'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.

Sadbhav Engineering's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sadbhav Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sadbhav Engineering's Receivables Turnover falls into.

Sadbhav Engineering Receivables Turnover Calculation

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

Sadbhav Engineering'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 )
=	19229.511	/ (	(3857.714	+	2757.531)	/	2 )
=	19229.511	/	3307.6225
=	5.81

Sadbhav Engineering'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 )
=	4726.993	/ (	(0	+	2757.531)	/	1 )
=	4726.993	/	2757.531
=	1.71

Sadbhav Engineering (NSE:SADBHAV) 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.

Sadbhav Engineering Receivables Turnover Related Terms

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Sadbhav Engineering (NSE:SADBHAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sadbhav Engineering Ltd (NSE:SADBHAV) » Definitions » Receivables Turnover

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532710:India

Address

Sadbhav, Near Havmor Restaurant, Behind Navrangpura Bus Stand, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.sadbhaveng.com

Sadbhav Engineering Ltd is a construction and engineering company. The company develops infrastructure facilities in fields of canals, irrigation projects, road, bridges, mining projects, dams, and so on. On the other hand, the company also designs, engineers, and acts as a structural contractor and earthwork contractor for repair, reconstruction, renovation, demolition, and construction work in canals, irrigation projects, roads, and so on. Sadbhav Engineering also provides engineering, procurement, and construction services to construction works. Sadbhav Engineering operates within the Indian domestic market.

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