Delta Manufacturing (BOM:504286) Receivables Turnover : 1.11 (As of Mar. 2024)

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What is Delta Manufacturing 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. Delta Manufacturing's Revenue for the three months ended in Mar. 2024 was ₹212.8 Mil. Delta Manufacturing's average Accounts Receivable for the three months ended in Mar. 2024 was ₹191.0 Mil. Hence, Delta Manufacturing's Receivables Turnover for the three months ended in Mar. 2024 was 1.11.

Delta Manufacturing Receivables Turnover Historical Data

The historical data trend for Delta Manufacturing'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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Delta Manufacturing Receivables Turnover Chart

Delta Manufacturing Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.66

2.08

2.82

3.31

4.19

Delta Manufacturing 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															0.95	1.01	1.06	1.05	1.11

Competitive Comparison of Delta Manufacturing's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Delta Manufacturing'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.

Delta Manufacturing's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Delta Manufacturing's Receivables Turnover falls into.

Delta Manufacturing Receivables Turnover Calculation

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

Delta Manufacturing'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 )
=	835.735	/ (	(208.118	+	190.952)	/	2 )
=	835.735	/	199.535
=	4.19

Delta Manufacturing'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 )
=	212.82	/ (	(0	+	190.952)	/	1 )
=	212.82	/	190.952
=	1.11

Delta Manufacturing (BOM:504286) 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.

Delta Manufacturing Receivables Turnover Related Terms

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Delta Manufacturing (BOM:504286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta Manufacturing Ltd (BOM:504286) » Definitions » Receivables Turnover

Comparable Companies

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DELTAMAGNT:India

Address

Tardeo Road, Bayside Mall, 2nd Floor, Opposite Sobo Central Mall, Haji Ali, Mumbai, MH, IND, 400 034

Website

https://www.deltamagnetsgroup.com

Delta Manufacturing Ltd is a manufacturer of hard ferrite magnets. The company along with its subsidiaries manufactures ceramic magnets used in the automotive sector; soft ferrites that serve the electronics and automotive sector and also has a distribution house that deals in various kinds of magnets and magnet materials that are useful for various industries including electronics, retail, non-conventional energy, aerospace and automotive. Its operating segment includes Hard ferrites; Soft ferrites; Textiles and MagDev. The majority of the revenue is derived from the Textiles segment.

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