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Menon Pistons (BOM:531727) Receivables Turnover : 0.91 (As of Mar. 2024)


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What is Menon Pistons 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. Menon Pistons's Revenue for the three months ended in Mar. 2024 was ₹601 Mil. Menon Pistons's average Accounts Receivable for the three months ended in Mar. 2024 was ₹662 Mil. Hence, Menon Pistons's Receivables Turnover for the three months ended in Mar. 2024 was 0.91.


Menon Pistons Receivables Turnover Historical Data

The historical data trend for Menon Pistons'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.

* Premium members only.

Menon Pistons Receivables Turnover Chart

Menon Pistons 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 3.26 3.95 4.23 4.37 4.21

Menon Pistons 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 1.13 1.30 0.99 0.91 0.91

Competitive Comparison of Menon Pistons's Receivables Turnover

For the Auto Parts subindustry, Menon Pistons'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.


Menon Pistons's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Menon Pistons's Receivables Turnover falls into.



Menon Pistons Receivables Turnover Calculation

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

Menon Pistons'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 )
=2556.066 / ((553.464 + 661.621) / 2 )
=2556.066 / 607.5425
=4.21

Menon Pistons'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 )
=601.259 / ((0 + 661.621) / 1 )
=601.259 / 661.621
=0.91

* 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.


Menon Pistons  (BOM:531727) 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.


Menon Pistons Receivables Turnover Related Terms

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Menon Pistons (BOM:531727) Business Description

Traded in Other Exchanges
N/A
Address
182, Shiroli, Kolhapur, MH, IND, 416122
Menon Pistons Ltd engages in the manufacturing and trade of automotive parts and components. It offers pistons, gudgeon pins; gallery cut section, and rings. The company's products include cooled gallery section, articulated and Kirloskar Copeland pistons, and others for commercial vehicles, tractors, passenger cars, and heavy duty stationery engines. It has only one segment of activity namely Automotive Component.

Menon Pistons (BOM:531727) Headlines

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