Bharat Heavy Electricals (BOM:500103) Receivables Turnover : 1.36 (As of Dec. 2023)

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What is Bharat Heavy 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. Bharat Heavy Electricals's Revenue for the three months ended in Dec. 2023 was ₹52,735 Mil. Bharat Heavy Electricals's average Accounts Receivable for the three months ended in Dec. 2023 was ₹38,660 Mil. Hence, Bharat Heavy Electricals's Receivables Turnover for the three months ended in Dec. 2023 was 1.36.

Bharat Heavy Electricals Receivables Turnover Historical Data

The historical data trend for Bharat Heavy 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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Bharat Heavy Electricals Receivables Turnover Chart

Bharat Heavy Electricals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

2.27

2.16

2.92

5.71

7.20

Bharat Heavy Electricals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.51	2.50	1.54	1.28	1.36

Competitive Comparison of Bharat Heavy Electricals's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Bharat Heavy 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.

Bharat Heavy Electricals's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Bharat Heavy Electricals Receivables Turnover Calculation

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

Bharat Heavy Electricals's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	221363	/ (	(30247.5	+	31283.5)	/	2 )
=	221363	/	30765.5
=	7.20

Bharat Heavy Electricals's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	52734.9	/ (	(38660.2	+	0)	/	1 )
=	52734.9	/	38660.2
=	1.36

Bharat Heavy Electricals (BOM:500103) 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.

Bharat Heavy Electricals Receivables Turnover Related Terms

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Bharat Heavy Electricals (BOM:500103) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

BHEL:India

Address

BHEL House, Siri Fort, New Delhi, IND, 110 049

Website

https://www.bhel.com

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer and one of the largest engineering and manufacturing companies in India. Its products and services serve power, transportation, energy, oil and gas, defence, and other industrial markets. The company has three business segments: Power (which contributes the majority of total revenue), Industry sector and International Operations. Bharat's product portfolio consists of heavy industrial equipment and components, including turbines, valves, pumps, boilers, and insulators. In addition, the company offers aftersales service to customers for maintenance and repairs and can help synchronize power plants. The majority of total revenue is derived from India, but the company has a footprint in many different regions.

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