Usha Martin (Usha Martin) Receivables Turnover : 1.54 (As of Mar. 2024)

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What is Usha Martin 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. Usha Martin's Revenue for the three months ended in Mar. 2024 was $99.86 Mil. Usha Martin's average Accounts Receivable for the three months ended in Mar. 2024 was $64.96 Mil. Hence, Usha Martin's Receivables Turnover for the three months ended in Mar. 2024 was 1.54.

Usha Martin Receivables Turnover Historical Data

The historical data trend for Usha Martin'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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Usha Martin Receivables Turnover Chart

Usha Martin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.50

6.62

6.93

6.90

6.18

Usha Martin 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															1.71	1.63	1.70	1.73	1.54

Competitive Comparison of Usha Martin's Receivables Turnover

For the Steel subindustry, Usha Martin'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.

Usha Martin's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Usha Martin's Receivables Turnover falls into.

Usha Martin Receivables Turnover Calculation

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

Usha Martin'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 )
=	388.478	/ (	(60.761	+	64.96)	/	2 )
=	388.478	/	62.8605
=	6.18

Usha Martin'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 )
=	99.857	/ (	(0	+	64.96)	/	1 )
=	99.857	/	64.96
=	1.54

Usha Martin (GREY:UHBTY) 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.

Usha Martin Receivables Turnover Related Terms

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Usha Martin (Usha Martin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usha Martin Ltd (GREY:UHBTY) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

USHAMART:India 517146:India

Address

2A, Shakespeare Sarani, Mangal Kalash, Kolkata, WB, IND, 700 071

Website

https://www.ushamartin.com

Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India.

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