Tube Investments of India (BOM:540762) Receivables Turnover : 1.53 (As of Sep. 2024)

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What is Tube Investments of India 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. Tube Investments of India's Revenue for the three months ended in Sep. 2024 was ₹47,825 Mil. Tube Investments of India's average Accounts Receivable for the three months ended in Sep. 2024 was ₹31,251 Mil. Hence, Tube Investments of India's Receivables Turnover for the three months ended in Sep. 2024 was 1.53.

Tube Investments of India Receivables Turnover Historical Data

The historical data trend for Tube Investments of India'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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Tube Investments of India Receivables Turnover Chart

Tube Investments of India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.71

6.61

7.92

7.37

6.72

Tube Investments of India Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.74	1.69	1.59	1.62	1.53

Competitive Comparison of Tube Investments of India's Receivables Turnover

For the Conglomerates subindustry, Tube Investments of India'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.

Tube Investments of India's Receivables Turnover Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tube Investments of India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tube Investments of India's Receivables Turnover falls into.

Tube Investments of India Receivables Turnover Calculation

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

Tube Investments of India'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 )
=	163349.2	/ (	(21289	+	27327.8)	/	2 )
=	163349.2	/	24308.4
=	6.72

Tube Investments of India's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	47825.1	/ (	(0	+	31250.6)	/	1 )
=	47825.1	/	31250.6
=	1.53

Tube Investments of India (BOM:540762) 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.

Tube Investments of India Receivables Turnover Related Terms

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Tube Investments of India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tube Investments of India Ltd (BOM:540762) » Definitions » Receivables Turnover

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TIINDIA:India

Address

Thiru-Vi-Ka Industrial Estate, Chola Crest, 4th Floor, C54-55 & Super B-4, Guindy, Chennai, TN, IND, 600032

Website

https://www.tiindia.com

Tube Investments of India Ltd is a manufacturer of fabricated metal products. The company's operating segments are Mobility, Engineering, Metal Formed Products, and Gear and Gear products, Power systems, Electric vehicle, Industrial segments, and Medical. The Engineering segment consists of cold-rolled steel strips and precision steel tubes. Metal Formed Products segment comprises an automotive and industrial chain, fine-blanked products, stamped products, roll-formed car door frames, and cold rolled formed sections. The Mobility segment comprises bicycles of the standard and special variety and home fitness equipment.

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