Patels Airtemp (India) (BOM:517417) Receivables Turnover : 0.80 (As of Sep. 2024)

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What is Patels Airtemp (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. Patels Airtemp (India)'s Revenue for the three months ended in Sep. 2024 was ₹819 Mil. Patels Airtemp (India)'s average Accounts Receivable for the three months ended in Sep. 2024 was ₹1,025 Mil. Hence, Patels Airtemp (India)'s Receivables Turnover for the three months ended in Sep. 2024 was 0.80.

Patels Airtemp (India) Receivables Turnover Historical Data

The historical data trend for Patels Airtemp (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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Patels Airtemp (India) Receivables Turnover Chart

Patels Airtemp (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.99

2.74

3.27

2.77

3.38

Patels Airtemp (India) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.75	0.87	0.89	1.05	0.80

Competitive Comparison of Patels Airtemp (India)'s Receivables Turnover

For the Specialty Industrial Machinery subindustry, Patels Airtemp (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.

Patels Airtemp (India)'s Receivables Turnover Distribution in the Industrial Products Industry

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

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

Patels Airtemp (India) Receivables Turnover Calculation

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

Patels Airtemp (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 )
=	3666.962	/ (	(1106.725	+	1063.919)	/	2 )
=	3666.962	/	1085.322
=	3.38

Patels Airtemp (India)'s Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	818.702	/ (	(1063.919	+	986.589)	/	2 )
=	818.702	/	1025.254
=	0.80

Patels Airtemp (India) (BOM:517417) 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.

Patels Airtemp (India) Receivables Turnover Related Terms

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Patels Airtemp (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Patels Airtemp (India) Ltd (BOM:517417) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

5th Floor, Kalpana Complex, Near Memnagar Fire Station, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.patelsairtemp.com

Patels Airtemp (India) Ltd is in the engineering industry and is engaged in manufacturing/fabricating tailor-made machines. The company manufactures and sells heat exchangers such as shell and tube type, finned tube type and air-cooled heat exchangers, pressure vessels, air-conditioning and refrigeration equipment, and turnkey HVAC projects in India, and marketing of equipment outside India. The products are supplied to Industrial sections like power projects, refineries, fertilizers, cement, petrochemicals, pharmaceuticals, textile, and chemical industries. The company also has a wholly owned subsidiary company Patels Airtemp (USA) Inc. in the USA.

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