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Triton Valves (BOM:505978) Receivables Turnover : 2.06 (As of Mar. 2024)


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What is Triton Valves 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. Triton Valves's Revenue for the three months ended in Mar. 2024 was ₹1,050 Mil. Triton Valves's average Accounts Receivable for the three months ended in Mar. 2024 was ₹509 Mil. Hence, Triton Valves's Receivables Turnover for the three months ended in Mar. 2024 was 2.06.


Triton Valves Receivables Turnover Historical Data

The historical data trend for Triton Valves'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.

* Premium members only.

Triton Valves Receivables Turnover Chart

Triton Valves 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 4.91 4.60 6.23 7.20 8.18

Triton Valves 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 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 1.80 1.97 2.09 2.35 2.06

Competitive Comparison of Triton Valves's Receivables Turnover

For the Auto Parts subindustry, Triton Valves'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.


Triton Valves's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Triton Valves's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Triton Valves's Receivables Turnover falls into.



Triton Valves Receivables Turnover Calculation

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

Triton Valves'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 )
=4283.159 / ((537.866 + 508.98) / 2 )
=4283.159 / 523.423
=8.18

Triton Valves'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 )
=1050.414 / ((0 + 508.98) / 1 )
=1050.414 / 508.98
=2.06

* 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.


Triton Valves  (BOM:505978) 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.


Triton Valves Receivables Turnover Related Terms

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Triton Valves (BOM:505978) Business Description

Traded in Other Exchanges
N/A
Address
22, Ulsoor Road, Sunrise Chambers, Bengaluru, KA, IND, 560 042
Triton Valves Ltd is engaged in the business of manufacturing valves. It serves tyre and tube valves; automotive air conditioning; tyre pressure monitoring; industrial and home air conditioning; electric vehicles; aerospace and defence and mining and construction industries. The company's only operating segment is Automobile tyres and tube valves, cores and accessories. Geographically, it derives a majority of its revenue from India.

Triton Valves (BOM:505978) Headlines

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