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Everest Industries (BOM:508906) Receivables Turnover : 5.75 (As of Dec. 2023)


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What is Everest 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. Everest Industries's Revenue for the three months ended in Dec. 2023 was ₹3,516 Mil. Everest Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹611 Mil. Hence, Everest Industries's Receivables Turnover for the three months ended in Dec. 2023 was 5.75.


Everest Industries Receivables Turnover Historical Data

The historical data trend for Everest 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.

* Premium members only.

Everest Industries Receivables Turnover Chart

Everest Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.42 15.26 19.48 24.68 20.75

Everest Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.06 4.24 4.60 5.03 5.75

Competitive Comparison of Everest Industries's Receivables Turnover

For the Building Products & Equipment subindustry, Everest 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.


Everest Industries's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Everest Industries's Receivables Turnover distribution charts can be found below:

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



Everest Industries Receivables Turnover Calculation

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

Everest Industries's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=16476.3 / ((536.47 + 1051.7) / 2 )
=16476.3 / 794.085
=20.75

Everest Industries's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=3515.91 / ((611.091 + 0) / 1 )
=3515.91 / 611.091
=5.75

* 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.


Everest Industries  (BOM:508906) 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.


Everest Industries Receivables Turnover Related Terms

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Everest Industries (BOM:508906) Business Description

Traded in Other Exchanges
Address
Guru Hargovindji Road, Level 3, Tower 14, Solitaire Corporate Park, Chakala, Andheri (E), Mumbai, MH, IND, 40093
Everest Industries Ltd manufactures fiber cement products in India. The company offers its products in roofing, ceiling, wall, flooring, and cladding products and pre-engineered steel buildings for industrial, commercial, and residential applications. The business operations of the company are classified into two segments namely Building Products which contribute the majority of revenues and Steel Buildings. Geographically, the company derives maximum revenue from India.

Everest Industries (BOM:508906) Headlines

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