Somany Ceramics (BOM:531548) Receivables Turnover : 2.17 (As of Mar. 2024)

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What is Somany Ceramics 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. Somany Ceramics's Revenue for the three months ended in Mar. 2024 was ₹7,318 Mil. Somany Ceramics's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3,372 Mil. Hence, Somany Ceramics's Receivables Turnover for the three months ended in Mar. 2024 was 2.17.

Somany Ceramics Receivables Turnover Historical Data

The historical data trend for Somany Ceramics'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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Somany Ceramics Receivables Turnover Chart

Somany Ceramics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.60

6.56

9.11

9.76

8.51

Somany Ceramics 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															2.52	2.18	2.44	2.28	2.17

Competitive Comparison of Somany Ceramics's Receivables Turnover

For the Building Products & Equipment subindustry, Somany Ceramics'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.

Somany Ceramics's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Somany Ceramics's Receivables Turnover falls into.

Somany Ceramics Receivables Turnover Calculation

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

Somany Ceramics'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 )
=	25773.2	/ (	(2683.138	+	3372.2)	/	2 )
=	25773.2	/	3027.669
=	8.51

Somany Ceramics'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 )
=	7318.1	/ (	(0	+	3372.2)	/	1 )
=	7318.1	/	3372.2
=	2.17

Somany Ceramics (BOM:531548) 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.

Somany Ceramics Receivables Turnover Related Terms

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Somany Ceramics (BOM:531548) Business Description

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SOMANYCERA:India

Address

F-36, Sector-6, Noida, UP, IND, 201301

Website

https://www.somanyceramics.com

Somany Ceramics Ltd is an India based manufacturer and marketer of tiles, sanitary ware, and bath fittings products. It offers products such as Floor tiles, Wall tiles and claddings, Tile laying solutions, and Sanitary ware products, such as toilets, basins, urinals, sinks, cabinet basins, cisterns, and seat covers. It also provides CP fittings, such as Faucets, Showers, accessories, and allied products. The business activity of the company falls within the primary segment of Ceramic tiles and Allied products. It derives key revenue from the sale of Tiles.

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