MOIL (BOM:533286) Receivables Turnover : 1.99 (As of Mar. 2024)

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What is MOIL 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. MOIL's Revenue for the three months ended in Mar. 2024 was ₹4,159 Mil. MOIL's average Accounts Receivable for the three months ended in Mar. 2024 was ₹2,094 Mil. Hence, MOIL's Receivables Turnover for the three months ended in Mar. 2024 was 1.99.

MOIL Receivables Turnover Historical Data

The historical data trend for MOIL'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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MOIL Receivables Turnover Chart

MOIL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.81

6.53

7.19

8.49

8.22

MOIL 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															2.99	2.65	2.09	1.84	1.99

Competitive Comparison of MOIL's Receivables Turnover

For the Other Industrial Metals & Mining subindustry, MOIL'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.

MOIL's Receivables Turnover Distribution in the Metals & Mining Industry

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

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

MOIL Receivables Turnover Calculation

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

MOIL'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 )
=	14494.245	/ (	(1433.4	+	2093.908)	/	2 )
=	14494.245	/	1763.654
=	8.22

MOIL'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 )
=	4158.755	/ (	(0	+	2093.908)	/	1 )
=	4158.755	/	2093.908
=	1.99

MOIL (BOM:533286) 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.

MOIL Receivables Turnover Related Terms

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MOIL (BOM:533286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MOIL Ltd (BOM:533286) » Definitions » Receivables Turnover

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MOIL:India

Address

1-A, Katol Road, Moil Bhavan, Nagpur, MH, IND, 440013

Website

https://www.moil.nic.in

MOIL Ltd is an Indian mining company focused on the mining and production of manganese ore. The company operates 11 major manganese mines across India, and the majority of its revenue is derived from the sale of manganese ore. The company also manufactures Ferro Manganese and Electrolytic Manganese Dioxide. MOIL also operates two wind power farms, output from the smaller farm is used to operate a nearby mine, while output from the other is sold to a utility company. MOIL Ltd is largely state-owned, with remaining shares held by public shareholders.

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