FIEM Industries (BOM:532768) Receivables Turnover : 2.86 (As of Mar. 2024)

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What is FIEM 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. FIEM Industries's Revenue for the three months ended in Mar. 2024 was ₹5,548 Mil. FIEM Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,937 Mil. Hence, FIEM Industries's Receivables Turnover for the three months ended in Mar. 2024 was 2.86.

FIEM Industries Receivables Turnover Historical Data

The historical data trend for FIEM 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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FIEM Industries Receivables Turnover Chart

FIEM Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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12.23

15.30

12.20

11.63

12.05

FIEM Industries 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															3.07	3.34	3.36	3.21	2.86

Competitive Comparison of FIEM Industries's Receivables Turnover

For the Auto Parts subindustry, FIEM 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.

FIEM Industries's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

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

FIEM Industries Receivables Turnover Calculation

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

FIEM Industries'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 )
=	20152.853	/ (	(1408.024	+	1937.316)	/	2 )
=	20152.853	/	1672.67
=	12.05

FIEM Industries'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 )
=	5547.895	/ (	(0	+	1937.316)	/	1 )
=	5547.895	/	1937.316
=	2.86

FIEM Industries (BOM:532768) 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.

FIEM Industries Receivables Turnover Related Terms

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FIEM Industries (BOM:532768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FIEM Industries Ltd (BOM:532768) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

FIEMIND:India

Address

Aria Commercial Towers, Aerocity, Unit No.1A & 1C, 1st Floor, JW Marriott Hotel, New Delhi, IND, 110 037

Website

https://www.fiemindustries.com

FIEM Industries Ltd is an Indian company engaged in the manufacturing of automotive components. The company has identified two reportable business segments based on the nature of its products. The Automotive segment, which is the key revenue driver, comprises of automotive lighting and signaling equipment, rearview mirrors, prismatic mirrors, plastic molded parts, and sheet metal components for motorized vehicles and other parts for automotive. The LED Luminaries segment comprises led luminaries including indoor and outdoor lighting, display panel, and LED integrated passenger information system among others.

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