International Combustion (India) (BOM:505737) Receivables Turnover : 1.21 (As of Mar. 2024)

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What is International Combustion (India) 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. International Combustion (India)'s Revenue for the three months ended in Mar. 2024 was ₹813 Mil. International Combustion (India)'s average Accounts Receivable for the three months ended in Mar. 2024 was ₹673 Mil. Hence, International Combustion (India)'s Receivables Turnover for the three months ended in Mar. 2024 was 1.21.

International Combustion (India) Receivables Turnover Historical Data

The historical data trend for International Combustion (India)'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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International Combustion (India) Receivables Turnover Chart

International Combustion (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.10

3.19

5.14

5.43

5.22

International Combustion (India) 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															1.39	1.48	1.23	1.23	1.21

Competitive Comparison of International Combustion (India)'s Receivables Turnover

For the Specialty Industrial Machinery subindustry, International Combustion (India)'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.

International Combustion (India)'s Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, International Combustion (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where International Combustion (India)'s Receivables Turnover falls into.

International Combustion (India) Receivables Turnover Calculation

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

International Combustion (India)'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 )
=	2967.831	/ (	(464.865	+	673.258)	/	2 )
=	2967.831	/	569.0615
=	5.22

International Combustion (India)'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 )
=	812.727	/ (	(0	+	673.258)	/	1 )
=	812.727	/	673.258
=	1.21

International Combustion (India) (BOM:505737) 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.

International Combustion (India) Receivables Turnover Related Terms

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International Combustion (India) (BOM:505737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » International Combustion (India) Ltd (BOM:505737) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Infinity Benchmark, 11th Floor, Plot Number G-1, Block-EP & GP, Sector-V, Salt Lake Electronics Complex, Kolkata, WB, IND, 700091

Website

https://www.internationalcombustion.in

International Combustion (India) Ltd engages in the manufacturing of heavy engineering equipment. Its segments consist of Mineral & Material Processing and Handling Equipment, Gear Box and Geared Motor Drive System, and Building Material Division. The company's product portfolio includes vibrating screens and feeders, cone crushers, bulk material handling equipment, mining haulages, Raymond grinding mills, air classifiers, flash drying systems, and geared motors and gearboxes. Geographically, it generates the majority of its revenue from India.

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