IFB Industries (BOM:505726) Receivables Turnover : 2.69 (As of Dec. 2024)

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What is IFB Industries 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. IFB Industries's Revenue for the three months ended in Dec. 2024 was ₹12,695 Mil. IFB Industries's average Accounts Receivable for the three months ended in Dec. 2024 was ₹4,723 Mil. Hence, IFB Industries's Receivables Turnover for the three months ended in Dec. 2024 was 2.69.

IFB Industries Receivables Turnover Historical Data

The historical data trend for IFB Industries'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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IFB Industries Receivables Turnover Chart

IFB Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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11.64

11.90

11.85

11.58

10.12

IFB Industries 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															2.78	2.35	2.74	2.58	2.69

Competitive Comparison of IFB Industries's Receivables Turnover

For the Furnishings, Fixtures & Appliances subindustry, IFB Industries'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.

IFB Industries's Receivables Turnover Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, IFB Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IFB Industries's Receivables Turnover falls into.

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IFB Industries Receivables Turnover Calculation

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

IFB Industries'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 )
=	44341.9	/ (	(4133.7	+	4630.5)	/	2 )
=	44341.9	/	4382.1
=	10.12

IFB Industries'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 )
=	12695.2	/ (	(4723.1	+	0)	/	1 )
=	12695.2	/	4723.1
=	2.69

IFB Industries (BOM:505726) 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.

IFB Industries Receivables Turnover Related Terms

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IFB Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » IFB Industries Ltd (BOM:505726) » Definitions » Receivables Turnover

Traded in Other Exchanges

IFBIND:India

Address

Plot No. IND-5, Sector - 1, East Kolkata Township, Kolkata, WB, IND, 700107

Website

https://www.ifbindustries.com

IFB Industries Ltd is an India-based company engaged in the business of fine-blanked components and home appliances. The operating divisions of the group are Engineering, Home Appliances division, Motor, Steel, and Others. It derives a majority of the revenue from the Home Appliances Division which includes products such as washing machines, clothes dryers, dishwashers, microwave ovens, air conditioners, chimneys, refrigerators, modular kitchens, and built-in ovens and built-in hobs. Geographically, the group has a business presence in India and other countries, of which a majority of the revenue is derived from India.

IFB Industries Headlines

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