Hardwyn India (BOM:541276) Receivables Turnover : 1.38 (As of Dec. 2023)

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What is Hardwyn 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. Hardwyn India's Revenue for the three months ended in Dec. 2023 was ₹399 Mil. Hardwyn India's average Accounts Receivable for the three months ended in Dec. 2023 was ₹289 Mil. Hence, Hardwyn India's Receivables Turnover for the three months ended in Dec. 2023 was 1.38.

Hardwyn India Receivables Turnover Historical Data

The historical data trend for Hardwyn 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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Hardwyn India Receivables Turnover Chart

Hardwyn India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.26

0.88

3.80

3.27

5.93

Hardwyn India Quarterly Data
	Sep17	Jan18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial												1.44	2.77	1.47	1.10	1.38

Competitive Comparison of Hardwyn India's Receivables Turnover

For the Building Products & Equipment subindustry, Hardwyn 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.

Hardwyn India's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Hardwyn India's Receivables Turnover distribution charts can be found below:

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

Hardwyn India Receivables Turnover Calculation

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

Hardwyn India'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 )
=	1646.577	/ (	(304.445	+	250.467)	/	2 )
=	1646.577	/	277.456
=	5.93

Hardwyn India'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 )
=	398.999	/ (	(289.377	+	0)	/	1 )
=	398.999	/	289.377
=	1.38

Hardwyn India (BOM:541276) 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.

Hardwyn India Receivables Turnover Related Terms

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Hardwyn India (BOM:541276) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hardwyn India Ltd (BOM:541276) » Definitions » Receivables Turnover

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HARDWYN:India

Address

Mayapuri Industrial Area, B-101, Phase-1, South West Delhi, New Delhi, IND, 110064

Website

https://www.hardwyn.com

Hardwyn India Ltd is engaged in the trading business of aluminium products including manufacturing architectural hardware and glass fittings. It provides a complete solution to residential and commercial structures. Its product range includes Door Hardware, Kitchen Hardware, Glass Hardware, and Furniture Hardware.

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