Cospower Engineering (BOM:543172) Receivables Turnover : 4.27 (As of Mar. 2024)

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What is Cospower Engineering 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. Cospower Engineering's Revenue for the six months ended in Mar. 2024 was ₹152.4 Mil. Cospower Engineering's average Accounts Receivable for the six months ended in Mar. 2024 was ₹35.7 Mil. Hence, Cospower Engineering's Receivables Turnover for the six months ended in Mar. 2024 was 4.27.

Cospower Engineering Receivables Turnover Historical Data

The historical data trend for Cospower Engineering'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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Cospower Engineering Receivables Turnover Chart

Cospower Engineering Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.05

2.56

3.43

4.77

5.94

Cospower Engineering Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial								1.61	1.77	5.33	2.72	4.27

Competitive Comparison of Cospower Engineering's Receivables Turnover

For the Electronic Components subindustry, Cospower Engineering'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.

Cospower Engineering's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cospower Engineering's Receivables Turnover distribution charts can be found below:

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

Cospower Engineering Receivables Turnover Calculation

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

Cospower Engineering'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 )
=	222.908	/ (	(27.748	+	47.257)	/	2 )
=	222.908	/	37.5025
=	5.94

Cospower Engineering'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	152.429	/ (	(24.156	+	47.257)	/	2 )
=	152.429	/	35.7065
=	4.27

Cospower Engineering (BOM:543172) 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.

Cospower Engineering Receivables Turnover Related Terms

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Cospower Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cospower Engineering Ltd (BOM:543172) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chincholi Bunder Road, 403, Chandra-Raj Building, Behind Vivanta Hospital, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.cel.net.in

Cospower Engineering Ltd is engaged in the business of manufacturing of electrical panels, harmonic filters and substations, and equipment mounting structures. It provides turnkey services which involve supply, installation, commissioning, testing, and comprehensive maintenance of electric products. The company has extended its product range to other power-related products that are needed to complete the electrical system. It offers under one roof a complete package of electrical systems and solutions. Its business comprises of manufacturing and supplying of re-active power compensation systems, harmonic filters, and other engineering goods.

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