G G Automotive Gears (BOM:531399) Receivables Turnover : 1.28 (As of Mar. 2024)

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What is G G Automotive Gears 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. G G Automotive Gears's Revenue for the three months ended in Mar. 2024 was ₹293.7 Mil. G G Automotive Gears's average Accounts Receivable for the three months ended in Mar. 2024 was ₹229.0 Mil. Hence, G G Automotive Gears's Receivables Turnover for the three months ended in Mar. 2024 was 1.28.

G G Automotive Gears Receivables Turnover Historical Data

The historical data trend for G G Automotive Gears'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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G G Automotive Gears Receivables Turnover Chart

G G Automotive Gears Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.71

2.91

5.66

6.17

4.93

G G Automotive Gears 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															1.43	1.39	1.90	1.56	1.28

Competitive Comparison of G G Automotive Gears's Receivables Turnover

For the Auto Parts subindustry, G G Automotive Gears'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.

G G Automotive Gears's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where G G Automotive Gears's Receivables Turnover falls into.

G G Automotive Gears Receivables Turnover Calculation

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

G G Automotive Gears'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 )
=	952.82	/ (	(157.729	+	229.047)	/	2 )
=	952.82	/	193.388
=	4.93

G G Automotive Gears'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 )
=	293.703	/ (	(0	+	229.047)	/	1 )
=	293.703	/	229.047
=	1.28

G G Automotive Gears (BOM:531399) 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.

G G Automotive Gears Receivables Turnover Related Terms

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G G Automotive Gears (BOM:531399) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » G G Automotive Gears Ltd (BOM:531399) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

A.B. Road, Plot Number 2-A, I. S. Gajra Industrial Area-1, Dewas, MP, IND, 455 001

Website

https://ggautomotive.com

G G Automotive Gears Ltd is an India-based company. It is engaged in designing, manufacturing, supplying, and servicing Gears, Pinions, and Gearboxes. Geographically, it operates and derives revenue from India. The company's product portfolio includes Railway Gears & Shafts, Forged Components & Machined Blanks, Industrial Gears & Gearboxes, Internal rings, Mining & Earth-moving Equipment Spares, Reduction gearboxes, Worm gears, and others.

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