Somi Conveyor Beltings (BOM:533001) Receivables Turnover : 0.94 (As of Mar. 2024)

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What is Somi Conveyor Beltings 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. Somi Conveyor Beltings's Revenue for the three months ended in Mar. 2024 was ₹384 Mil. Somi Conveyor Beltings's average Accounts Receivable for the three months ended in Mar. 2024 was ₹409 Mil. Hence, Somi Conveyor Beltings's Receivables Turnover for the three months ended in Mar. 2024 was 0.94.

Somi Conveyor Beltings Receivables Turnover Historical Data

The historical data trend for Somi Conveyor Beltings'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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Somi Conveyor Beltings Receivables Turnover Chart

Somi Conveyor Beltings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.56

2.10

2.19

3.60

2.91

Somi Conveyor Beltings 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															1.33	0.57	0.94	0.63	0.94

Competitive Comparison of Somi Conveyor Beltings's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Somi Conveyor Beltings'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.

Somi Conveyor Beltings's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Somi Conveyor Beltings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Somi Conveyor Beltings's Receivables Turnover falls into.

Somi Conveyor Beltings Receivables Turnover Calculation

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

Somi Conveyor Beltings'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 )
=	1021.095	/ (	(292.683	+	408.86)	/	2 )
=	1021.095	/	350.7715
=	2.91

Somi Conveyor Beltings'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 )
=	384.411	/ (	(0	+	408.86)	/	1 )
=	384.411	/	408.86
=	0.94

Somi Conveyor Beltings (BOM:533001) 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.

Somi Conveyor Beltings Receivables Turnover Related Terms

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Somi Conveyor Beltings (BOM:533001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Somi Conveyor Beltings Ltd (BOM:533001) » Definitions » Receivables Turnover

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SOMICONVEY:India

Address

New Power House Road, 4 F-15, Oliver House, Near Bank of India, Jodhpur, IND, 342003

Website

https://www.somiinvestor.com

Somi Conveyor Beltings Ltd is a company engaged in the manufacture and sale of industrial conveyor belts. It offers products for the cement, sponge iron, power, and mining sectors. The product line of the company provides general-purpose, heat-resistant, fire-resistant, and oil-resistant conveyor belts. It also offers special-purpose conveyor belts, such as bulletproof, chevron, rough top, pipe conveyor, and fusion belts, as well as rubber sheets and mattings, maintenance conveyor belts, and steel cord beltings. The company operates in one single segment which is Manufacturing conveyor belts and generates revenue from the same.

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