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Rathi Steel & Power (BOM:504903) Receivables Turnover : 3.54 (As of Dec. 2024)


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What is Rathi Steel & Power 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. Rathi Steel & Power's Revenue for the three months ended in Dec. 2024 was ₹1,044 Mil. Rathi Steel & Power's average Accounts Receivable for the three months ended in Dec. 2024 was ₹295 Mil. Hence, Rathi Steel & Power's Receivables Turnover for the three months ended in Dec. 2024 was 3.54.


Rathi Steel & Power Receivables Turnover Historical Data

The historical data trend for Rathi Steel & Power'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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Rathi Steel & Power Receivables Turnover Chart

Rathi Steel & Power Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.38 27.22 39.25 84.13 40.03

Rathi Steel & Power Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 8.43 6.95 7.85 4.12 3.54

Competitive Comparison of Rathi Steel & Power's Receivables Turnover

For the Steel subindustry, Rathi Steel & Power'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.


Rathi Steel & Power's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Rathi Steel & Power's Receivables Turnover falls into.


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Rathi Steel & Power Receivables Turnover Calculation

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

Rathi Steel & Power'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 )
=4874.387 / ((80.891 + 162.643) / 2 )
=4874.387 / 121.767
=40.03

Rathi Steel & Power's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=1044.262 / ((294.633 + 0) / 1 )
=1044.262 / 294.633
=3.54

* 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.


Rathi Steel & Power  (BOM:504903) 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.


Rathi Steel & Power Receivables Turnover Related Terms

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Rathi Steel & Power Business Description

Traded in Other Exchanges
N/A
Address
South of GT Road, Industrial Area No. 1 A-3, Ghaziabad, UP, IND, 201009
Rathi Steel & Power Ltd is engaged in manufacturing steel and steel-based products. Its products include rebars and wire rods which are used in all key concrete constructions such as buildings, bridges, reservoirs, roads, irrigation and power structures, dock and harbor structures, foundations, piles, and precast concrete.

Rathi Steel & Power Headlines

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