Jainex Aamcol (BOM:505212) Receivables Turnover : 1.29 (As of Dec. 2024)

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What is Jainex Aamcol 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. Jainex Aamcol's Revenue for the three months ended in Dec. 2024 was ₹65.8 Mil. Jainex Aamcol's average Accounts Receivable for the three months ended in Dec. 2024 was ₹51.0 Mil. Hence, Jainex Aamcol's Receivables Turnover for the three months ended in Dec. 2024 was 1.29.

Jainex Aamcol Receivables Turnover Historical Data

The historical data trend for Jainex Aamcol'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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Jainex Aamcol Receivables Turnover Chart

Jainex Aamcol Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.63

3.42

4.09

3.97

3.79

Jainex Aamcol 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															1.14	0.87	1.03	1.08	1.29

Competitive Comparison of Jainex Aamcol's Receivables Turnover

For the Tools & Accessories subindustry, Jainex Aamcol'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.

Jainex Aamcol's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Jainex Aamcol's Receivables Turnover falls into.

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Jainex Aamcol Receivables Turnover Calculation

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

Jainex Aamcol'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 )
=	197.352	/ (	(47.948	+	56.246)	/	2 )
=	197.352	/	52.097
=	3.79

Jainex Aamcol'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 )
=	65.804	/ (	(50.952	+	0)	/	1 )
=	65.804	/	50.952
=	1.29

Jainex Aamcol (BOM:505212) 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.

Jainex Aamcol Receivables Turnover Related Terms

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Jainex Aamcol Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jainex Aamcol Ltd (BOM:505212) » Definitions » Receivables Turnover

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Address

405/406, Sharda Chambers, New Marine Lines, Mumbai, MH, IND, 400 020

Website

https://www.jainexaamcol.com

Jainex Aamcol Ltd is a manufacturer of gear hobs, special cutting tools, inspection tools, and precision accessories. The operating segments of the company are Gear Cutting that is gear hobs, which constitute the key revenue driver; Milling Cutters; and Spline Gauges. It sells its products under the Aamcol brand. The company caters to a wide range of customers such as automobile industries, industrial and special gearbox manufacturers, machine tool manufacturers and many others.

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