Hind Aluminium Industries (BOM:531979) Receivables Turnover : 0.18 (As of Dec. 2023)

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What is Hind Aluminium Industries 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. Hind Aluminium Industries's Revenue for the three months ended in Dec. 2023 was ₹1.40 Mil. Hind Aluminium Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹8.00 Mil. Hence, Hind Aluminium Industries's Receivables Turnover for the three months ended in Dec. 2023 was 0.18.

Hind Aluminium Industries Receivables Turnover Historical Data

The historical data trend for Hind Aluminium Industries'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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Hind Aluminium Industries Receivables Turnover Chart

Hind Aluminium Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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4.65

5.37

2.36

2.55

0.69

Hind Aluminium Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.04	-	0.26	0.60	0.18

Competitive Comparison of Hind Aluminium Industries's Receivables Turnover

For the Aluminum subindustry, Hind Aluminium Industries'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.

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

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

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

Hind Aluminium Industries Receivables Turnover Calculation

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

Hind Aluminium Industries's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	30.987	/ (	(75.687	+	14.603)	/	2 )
=	30.987	/	45.145
=	0.69

Hind Aluminium Industries's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	1.4	/ (	(8	+	0)	/	1 )
=	1.4	/	8
=	0.18

Hind Aluminium Industries (BOM:531979) 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.

Hind Aluminium Industries Receivables Turnover Related Terms

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Hind Aluminium Industries (BOM:531979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hind Aluminium Industries Ltd (BOM:531979) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Dr. Annie Besant Road, B-1, Tulsi Vihar, Worli Naka, Mumbai, IND, 400 018

Website

http://www.associatedgroup.com

Hind Aluminium Industries Ltd is the manufacturer of aluminium electrical conductor wire rods and aluminium conductors. Principally, it is engaged in product up-gradation, design, and new product development. The company's segment includes Aluminium product, and Power. It also comprises of two businesses namely aluminium and wind and solar power generation. The company manufactures aluminum wire rods, alloy rods, all aluminum conductors, all aluminum alloy conductors, aluminum conductor alloy reinforced, aluminum conductor steel reinforced, aluminum alloy conductor steel reinforced. It has over two wind turbine generators and four solar power plants in India.

Hind Aluminium Industries (BOM:531979) Headlines

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