Eco Recycling (BOM:530643) Receivables Turnover : 1.20 (As of Dec. 2024)

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What is Eco Recycling 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. Eco Recycling's Revenue for the three months ended in Dec. 2024 was ₹99.2 Mil. Eco Recycling's average Accounts Receivable for the three months ended in Dec. 2024 was ₹82.7 Mil. Hence, Eco Recycling's Receivables Turnover for the three months ended in Dec. 2024 was 1.20.

Eco Recycling Receivables Turnover Historical Data

The historical data trend for Eco Recycling'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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Eco Recycling Receivables Turnover Chart

Eco Recycling Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.66

7.21

14.53

10.27

8.13

Eco Recycling Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															4.85	1.81	2.56	1.56	1.20

Competitive Comparison of Eco Recycling's Receivables Turnover

For the Waste Management subindustry, Eco Recycling'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.

Eco Recycling's Receivables Turnover Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Eco Recycling's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Eco Recycling's Receivables Turnover falls into.

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Eco Recycling Receivables Turnover Calculation

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

Eco Recycling'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 )
=	280.146	/ (	(24.467	+	44.46)	/	2 )
=	280.146	/	34.4635
=	8.13

Eco Recycling's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	99.2	/ (	(82.7	+	0)	/	1 )
=	99.2	/	82.7
=	1.20

Eco Recycling (BOM:530643) 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.

Eco Recycling Receivables Turnover Related Terms

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Eco Recycling Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Eco Recycling Ltd (BOM:530643) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Andheri Kurla Road, Unit No. 422, 4th Floor, The Summit Business Bay, Opposite Cine Max Theater, Near WEH Metro Station, Andheri (East), Mumbai, IND, 400093

Website

https://www.ecoreco.com

Eco Recycling Ltd is an Indian-based e-waste management company engaged in the business of recycling of electrical & electronic waste and affiliated services. It operates through a single segment: Operations of e-waste recycling. The company provides an end-to-end integrated solution for e-waste management to Multi-National Companies (MNC), Retailers, Original Equipment Manufacturers (OEM), Government Departments, NGOs, Households, Educational Institutions, and all other entities. The company earns revenue by the sale of scrap as well as by providing services.

Eco Recycling Headlines

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