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Indian Metals & Ferro Alloys (BOM:533047) Receivables Turnover : 7.82 (As of Jun. 2024)


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What is Indian Metals & Ferro Alloys 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. Indian Metals & Ferro Alloys's Revenue for the three months ended in Jun. 2024 was ₹6,623 Mil. Indian Metals & Ferro Alloys's average Accounts Receivable for the three months ended in Jun. 2024 was ₹847 Mil. Hence, Indian Metals & Ferro Alloys's Receivables Turnover for the three months ended in Jun. 2024 was 7.82.


Indian Metals & Ferro Alloys Receivables Turnover Historical Data

The historical data trend for Indian Metals & Ferro Alloys'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.

Indian Metals & Ferro Alloys Receivables Turnover Chart

Indian Metals & Ferro Alloys 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 38.76 28.95 22.04 23.33 32.20

Indian Metals & Ferro Alloys Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 8.19 6.06 5.99 7.83 7.82

Competitive Comparison of Indian Metals & Ferro Alloys's Receivables Turnover

For the Steel subindustry, Indian Metals & Ferro Alloys'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.


Indian Metals & Ferro Alloys's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Indian Metals & Ferro Alloys's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Indian Metals & Ferro Alloys's Receivables Turnover falls into.



Indian Metals & Ferro Alloys Receivables Turnover Calculation

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

Indian Metals & Ferro Alloys'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 )
=27433.5 / ((856.5 + 847.3) / 2 )
=27433.5 / 851.9
=32.20

Indian Metals & Ferro Alloys's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=6622.8 / ((847.3 + 0) / 1 )
=6622.8 / 847.3
=7.82

* 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.


Indian Metals & Ferro Alloys  (BOM:533047) 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.


Indian Metals & Ferro Alloys Receivables Turnover Related Terms

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Indian Metals & Ferro Alloys Business Description

Traded in Other Exchanges
Address
IMFA Building, Bomikhal, P.O. Rasulgarh, Bhubaneswar, OR, IND, 751010
Indian Metals & Ferro Alloys Ltd operates in the ferroalloys business. Its business activity primarily functions through Ferro Alloys, Power, Mining, and Other segments. The company generates maximum revenue from Ferro Alloys segment. Its Ferro Alloys segment focuses on ferro chrome, which imparts the non-corrosive property to stainless steel. Geographically, it derives a majority of revenue from Outside India.

Indian Metals & Ferro Alloys Headlines

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