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Worldwide Aluminium (BOM:526525) Receivables Turnover : 1.17 (As of Mar. 2024)


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What is Worldwide Aluminium 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. Worldwide Aluminium's Revenue for the three months ended in Mar. 2024 was ₹70.18 Mil. Worldwide Aluminium's average Accounts Receivable for the three months ended in Mar. 2024 was ₹60.06 Mil. Hence, Worldwide Aluminium's Receivables Turnover for the three months ended in Mar. 2024 was 1.17.


Worldwide Aluminium Receivables Turnover Historical Data

The historical data trend for Worldwide Aluminium'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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Worldwide Aluminium Receivables Turnover Chart

Worldwide Aluminium 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 0.40 - 0.44 3.97 1.13

Worldwide Aluminium 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 0.09 - - - 1.17

Competitive Comparison of Worldwide Aluminium's Receivables Turnover

For the Aluminum subindustry, Worldwide Aluminium'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.


Worldwide Aluminium's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Worldwide Aluminium's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Worldwide Aluminium's Receivables Turnover falls into.



Worldwide Aluminium Receivables Turnover Calculation

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

Worldwide Aluminium'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 )
=70.176 / ((58.85 + 65.713) / 2 )
=70.176 / 62.2815
=1.13

Worldwide Aluminium'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 )
=70.176 / ((54.407 + 65.713) / 2 )
=70.176 / 60.06
=1.17

* 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.


Worldwide Aluminium  (BOM:526525) 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.


Worldwide Aluminium Receivables Turnover Related Terms

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Worldwide Aluminium (BOM:526525) Business Description

Traded in Other Exchanges
N/A
Address
602, Rohit House, 3, Tolstoy Marg, Connaught Place, New Delhi, IND, 110001
Worldwide Aluminium Ltd is engaged in the Trading of aluminium foils, aluminium sheets, strips, coils, and PP caps. The company generates its revenue from the sale of aluminium coils in the domestic region.

Worldwide Aluminium (BOM:526525) Headlines

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