Surya Roshni (BOM:500336) Receivables Turnover : 2.90 (As of Mar. 2024)

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What is Surya Roshni 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. Surya Roshni's Revenue for the three months ended in Mar. 2024 was ₹20,805 Mil. Surya Roshni's average Accounts Receivable for the three months ended in Mar. 2024 was ₹7,181 Mil. Hence, Surya Roshni's Receivables Turnover for the three months ended in Mar. 2024 was 2.90.

Surya Roshni Receivables Turnover Historical Data

The historical data trend for Surya Roshni'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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Surya Roshni Receivables Turnover Chart

Surya Roshni Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.03

7.63

9.38

9.78

10.66

Surya Roshni 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															2.88	2.51	2.84	2.87	2.90

Competitive Comparison of Surya Roshni's Receivables Turnover

For the Steel subindustry, Surya Roshni'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.

Surya Roshni's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Surya Roshni's Receivables Turnover falls into.

Surya Roshni Receivables Turnover Calculation

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

Surya Roshni'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 )
=	78092.7	/ (	(7469.2	+	7180.8)	/	2 )
=	78092.7	/	7325
=	10.66

Surya Roshni'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 )
=	20804.7	/ (	(0	+	7180.8)	/	1 )
=	20804.7	/	7180.8
=	2.90

Surya Roshni (BOM:500336) 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.

Surya Roshni Receivables Turnover Related Terms

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Surya Roshni (BOM:500336) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Surya Roshni Ltd (BOM:500336) » Definitions » Receivables Turnover

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SURYAROSNI:India

Address

5, Rajendra Place, 2nd Floor, Padma Tower - 1, New Delhi, IND, 110008

Website

https://www.surya.co.in

Surya Roshni Ltd is an Indian-based company involved in the manufacturing and marketing of lighting and steel tube products. The business activity of the firm has functioned through Steel pipes and Strips and Lighting and consumer durables segments. The Steel Pipe and Strips segment manufacturing and sale of steel pipes, cold rolled strips and steel structures. The Lighting and consumer durables segment is engaged in the manufacturing and sale of different varieties of Lamps, fittings, Fans, Appliances and allied items. Geographically all the business operations are operated from India, however, the business presence and the products are sold within the Indian and international market.

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