Markolines Pavement Technologies (BOM:543364) Receivables Turnover : 1.88 (As of Mar. 2024)

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What is Markolines Pavement Technologies 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. Markolines Pavement Technologies's Revenue for the six months ended in Mar. 2024 was ₹2,163 Mil. Markolines Pavement Technologies's average Accounts Receivable for the six months ended in Mar. 2024 was ₹1,148 Mil. Hence, Markolines Pavement Technologies's Receivables Turnover for the six months ended in Mar. 2024 was 1.88.

Markolines Pavement Technologies Receivables Turnover Historical Data

The historical data trend for Markolines Pavement Technologies'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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Markolines Pavement Technologies Receivables Turnover Chart

Markolines Pavement Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.97

3.07

2.88

4.64

3.52

Markolines Pavement Technologies Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial					1.34	2.32	2.15	1.42	1.88

Competitive Comparison of Markolines Pavement Technologies's Receivables Turnover

For the Infrastructure Operations subindustry, Markolines Pavement Technologies'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.

Markolines Pavement Technologies's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Markolines Pavement Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Markolines Pavement Technologies's Receivables Turnover falls into.

Markolines Pavement Technologies Receivables Turnover Calculation

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

Markolines Pavement Technologies'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 )
=	3472.944	/ (	(760.793	+	1209.979)	/	2 )
=	3472.944	/	985.386
=	3.52

Markolines Pavement Technologies'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 )
=	2162.566	/ (	(1086.848	+	1209.979)	/	2 )
=	2162.566	/	1148.4135
=	1.88

Markolines Pavement Technologies (BOM:543364) 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.

Markolines Pavement Technologies Receivables Turnover Related Terms

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Markolines Pavement Technologies (BOM:543364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Markolines Pavement Technologies Ltd (BOM:543364) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Shree Nand Dham, 6th Floor, Wing-A, Sector-11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

https://www.markolines.com

Markolines Pavement Technologies Ltd is a highway operation and maintenance service providing company. Its operations are mainly divided into-Highway Operations which include toll operations, route patrolling, and incident management; the Highway Maintenance division includes routine maintenance, preventive maintenance, and major maintenance and repairs and whereas the specialized Maintenance Services include micro surfacing, Base Stabilization and cold in-place recycling.

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