PTC Industries (BOM:539006) Receivables Turnover : 0.71 (As of Dec. 2023)

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What is PTC 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. PTC Industries's Revenue for the three months ended in Dec. 2023 was ₹554 Mil. PTC Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹779 Mil. Hence, PTC Industries's Receivables Turnover for the three months ended in Dec. 2023 was 0.71.

PTC Industries Receivables Turnover Historical Data

The historical data trend for PTC 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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PTC Industries Receivables Turnover Chart

PTC Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.70

3.64

2.94

2.83

3.38

PTC Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.82	0.88	1.09	0.74	0.71

Competitive Comparison of PTC Industries's Receivables Turnover

For the Metal Fabrication subindustry, PTC 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.

PTC Industries's Receivables Turnover Distribution in the Industrial Products Industry

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

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

PTC Industries Receivables Turnover Calculation

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

PTC Industries'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 )
=	2150.176	/ (	(614.982	+	656.873)	/	2 )
=	2150.176	/	635.9275
=	3.38

PTC Industries'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 )
=	554.466	/ (	(779.373	+	0)	/	1 )
=	554.466	/	779.373
=	0.71

PTC Industries (BOM:539006) 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.

PTC Industries Receivables Turnover Related Terms

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PTC Industries (BOM:539006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » PTC Industries Ltd (BOM:539006) » Definitions » Receivables Turnover

Comparable Companies

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PTCIL:India

Address

National Highway -25 A,Sarai Shahjadi, Advanced Manufacturing & Technology Centre, Kanpur Road, Lucknow, UP, IND, 227 101

Website

https://www.ptcil.com

PTC Industries Ltd is an India-based company engaged in supplying castings solutions, machined components, and fabricated parts. It is in the business of manufacturing and selling high-precision metal castings. The company manufactures Stainless steel castings, Alloys steel castings, Non-alloy steel castings, and Steel structures. The company offers materials that include Alloy Steel, Stainless Steel, Duplex and Super Duplex Stainless Steel, Creep Resistant Steel, Heat Resistant Steel, Nickel Based Alloys, Cobalt Based Alloys, Austenitic Ductile Iron, Nickel Aluminium Bronze, Titanium, Superalloy, and Zirconium, among others. The company has only one reportable segment for the Company which is Engineering and allied activities.

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