Venus Pipes & Tubes (BOM:543528) Receivables Turnover : 1.12 (As of Dec. 2024)

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What is Venus Pipes & Tubes 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. Venus Pipes & Tubes's Revenue for the three months ended in Dec. 2024 was ₹2,313 Mil. Venus Pipes & Tubes's average Accounts Receivable for the three months ended in Dec. 2024 was ₹2,059 Mil. Hence, Venus Pipes & Tubes's Receivables Turnover for the three months ended in Dec. 2024 was 1.12.

Venus Pipes & Tubes Receivables Turnover Historical Data

The historical data trend for Venus Pipes & Tubes'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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Venus Pipes & Tubes Receivables Turnover Chart

Venus Pipes & Tubes Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.79

8.16

6.47

7.59

6.34

Venus Pipes & Tubes Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial													1.55	1.17	1.36	1.11	1.12

Competitive Comparison of Venus Pipes & Tubes's Receivables Turnover

For the Steel subindustry, Venus Pipes & Tubes'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.

Venus Pipes & Tubes's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Venus Pipes & Tubes's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Venus Pipes & Tubes's Receivables Turnover falls into.

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Venus Pipes & Tubes Receivables Turnover Calculation

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

Venus Pipes & Tubes'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 )
=	7847.3	/ (	(704.87	+	1771.36)	/	2 )
=	7847.3	/	1238.115
=	6.34

Venus Pipes & Tubes's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	2313.03	/ (	(2058.54	+	0)	/	1 )
=	2313.03	/	2058.54
=	1.12

Venus Pipes & Tubes (BOM:543528) 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.

Venus Pipes & Tubes Receivables Turnover Related Terms

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Venus Pipes & Tubes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Venus Pipes & Tubes Ltd (BOM:543528) » Definitions » Receivables Turnover

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VENUSPIPES:India

Address

Sector 1/A, Plot no. 275, Tripada Complex, Near Mamlatdar Office, Gandhidham, GJ, IND, 370201

Website

https://www.venuspipes.com

Venus Pipes & Tubes Ltd is a manufacturer and exporter of stainless steel pipes and tubes. It manufactures stainless steel tube products in two broad categories namely seamless tubes/pipes and welded tubes/pipes under which five categories of products are manufactured namely, stainless steel high precision and heat exchanger tubes, stainless steel hydraulic and instrumentation tubes, stainless steel seamless pipes, stainless steel welded pipes and stainless steel lsaw pipes. The company distributes its products through direct supply, traders, stockists, and selected marketing representatives. Geographically, it derives a majority of its revenue from India and also engages in exporting its products to other countries.

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