Bansal Roofing Products (BOM:538546) Receivables Turnover : 13.48 (As of Dec. 2023)

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What is Bansal Roofing Products 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. Bansal Roofing Products's Revenue for the three months ended in Dec. 2023 was ₹257 Mil. Bansal Roofing Products's average Accounts Receivable for the three months ended in Dec. 2023 was ₹19 Mil. Hence, Bansal Roofing Products's Receivables Turnover for the three months ended in Dec. 2023 was 13.48.

Bansal Roofing Products Receivables Turnover Historical Data

The historical data trend for Bansal Roofing Products'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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Bansal Roofing Products Receivables Turnover Chart

Bansal Roofing Products Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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24.23

16.08

15.97

29.04

36.29

Bansal Roofing Products Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															10.86	9.84	11.58	14.15	13.48

Competitive Comparison of Bansal Roofing Products's Receivables Turnover

For the Building Products & Equipment subindustry, Bansal Roofing Products'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.

Bansal Roofing Products's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bansal Roofing Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bansal Roofing Products's Receivables Turnover falls into.

Bansal Roofing Products Receivables Turnover Calculation

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

Bansal Roofing Products's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	932.525	/ (	(26.413	+	24.987)	/	2 )
=	932.525	/	25.7
=	36.29

Bansal Roofing Products's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	256.571	/ (	(19.027	+	0)	/	1 )
=	256.571	/	19.027
=	13.48

Bansal Roofing Products (BOM:538546) 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.

Bansal Roofing Products Receivables Turnover Related Terms

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Bansal Roofing Products (BOM:538546) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bansal Roofing Products Ltd (BOM:538546) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

274/2, Samlaya Sherpura Road, Village: Pratapnagar, Taluka: Savli, Vadodara, GJ, IND, 391520

Website

http://www.bansalroofing.com

Bansal Roofing Products Ltd is an Indian company engaged in the trading, manufacturing, and supply of roofing products. The company's products and services include pre-engineered building; color coated roofing sheet, roof ventilation system, skylight sheets, Z AND C purlins, louvers, installation, and consultancy. It also provides pre-engineering buildings for use in various applications consisting of factories, workshops, commercial showrooms, warehouses, community halls. The company's principal source of revenue is through the sale of roofing products.

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