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Indo Tech Transformers (BOM:532717) Receivables Turnover : 1.26 (As of Mar. 2024)


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What is Indo Tech Transformers 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. Indo Tech Transformers's Revenue for the three months ended in Mar. 2024 was ₹1,751 Mil. Indo Tech Transformers's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,389 Mil. Hence, Indo Tech Transformers's Receivables Turnover for the three months ended in Mar. 2024 was 1.26.


Indo Tech Transformers Receivables Turnover Historical Data

The historical data trend for Indo Tech Transformers'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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Indo Tech Transformers Receivables Turnover Chart

Indo Tech Transformers 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 3.00 2.87 3.68 3.53 3.77

Indo Tech Transformers 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 1.12 0.72 0.98 1.42 1.26

Competitive Comparison of Indo Tech Transformers's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Indo Tech Transformers'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.


Indo Tech Transformers's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Indo Tech Transformers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Indo Tech Transformers's Receivables Turnover falls into.



Indo Tech Transformers Receivables Turnover Calculation

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

Indo Tech Transformers'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 )
=5036.1 / ((1286.061 + 1389) / 2 )
=5036.1 / 1337.5305
=3.77

Indo Tech Transformers'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 )
=1751.1 / ((0 + 1389) / 1 )
=1751.1 / 1389
=1.26

* 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.


Indo Tech Transformers  (BOM:532717) 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.


Indo Tech Transformers Receivables Turnover Related Terms

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Indo Tech Transformers (BOM:532717) Business Description

Traded in Other Exchanges
Address
Survey No.153-210, Near Rajakulam, KM-64, Illuppapattu Village, Kancheepuram, TN, IND, 631561
Indo Tech Transformers Ltd is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers, and various special application transformers, mobile sub-station transformers and sub-stations. The Company has its manufacturing plant located at Kancheepuram in Tamil Nadu. The majority of the geographical revenue of the company is generated in India.

Indo Tech Transformers (BOM:532717) Headlines

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