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Shree Digvijay Cement Co (BOM:502180) Receivables Turnover : 5.51 (As of Jun. 2024)


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What is Shree Digvijay Cement Co 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. Shree Digvijay Cement Co's Revenue for the three months ended in Jun. 2024 was ₹1,768 Mil. Shree Digvijay Cement Co's average Accounts Receivable for the three months ended in Jun. 2024 was ₹321 Mil. Hence, Shree Digvijay Cement Co's Receivables Turnover for the three months ended in Jun. 2024 was 5.51.


Shree Digvijay Cement Co Receivables Turnover Historical Data

The historical data trend for Shree Digvijay Cement Co'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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Shree Digvijay Cement Co Receivables Turnover Chart

Shree Digvijay Cement Co Annual Data
Trend Dec14 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.47 48.74 51.90 41.35 29.40

Shree Digvijay Cement Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.91 5.00 5.22 6.93 5.51

Competitive Comparison of Shree Digvijay Cement Co's Receivables Turnover

For the Building Materials subindustry, Shree Digvijay Cement Co'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.


Shree Digvijay Cement Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shree Digvijay Cement Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shree Digvijay Cement Co's Receivables Turnover falls into.



Shree Digvijay Cement Co Receivables Turnover Calculation

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

Shree Digvijay Cement Co'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 )
=7903.265 / ((216.598 + 321.101) / 2 )
=7903.265 / 268.8495
=29.40

Shree Digvijay Cement Co's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=1768.294 / ((321.101 + 0) / 1 )
=1768.294 / 321.101
=5.51

* 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.


Shree Digvijay Cement Co  (BOM:502180) 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.


Shree Digvijay Cement Co Receivables Turnover Related Terms

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Shree Digvijay Cement Co Business Description

Traded in Other Exchanges
Address
P.O. Digvijaygram, Jamnagar, GJ, IND, 361140
Shree Digvijay Cement Co Ltd is an India-based company. It is mainly involved in cement and clinker manufacturing. The company manufactures cement under the brand name KAMAL, also manufacturing some special cement-like oil well cement, Sulphate resisting Portland cement, and manufacturing cement. The company mainly operates in India. The majority of its revenue comes from the sales of cement and clinker products.

Shree Digvijay Cement Co Headlines

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