Concord Control Systems (BOM:543619) Receivables Turnover : 2.14 (As of Sep. 2024)

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What is Concord Control Systems 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. Concord Control Systems's Revenue for the six months ended in Sep. 2024 was ₹363.8 Mil. Concord Control Systems's average Accounts Receivable for the six months ended in Sep. 2024 was ₹170.0 Mil. Hence, Concord Control Systems's Receivables Turnover for the six months ended in Sep. 2024 was 2.14.

Concord Control Systems Receivables Turnover Historical Data

The historical data trend for Concord Control Systems'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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Concord Control Systems Receivables Turnover Chart

Concord Control Systems Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

4.01

3.03

6.00

8.22

5.46

Concord Control Systems Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			8.87	2.55	3.17	2.77	2.14

Competitive Comparison of Concord Control Systems's Receivables Turnover

For the Railroads subindustry, Concord Control Systems'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.

Concord Control Systems's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Concord Control Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Concord Control Systems's Receivables Turnover falls into.

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Concord Control Systems Receivables Turnover Calculation

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

Concord Control Systems'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 )
=	653.304	/ (	(90.014	+	149.343)	/	2 )
=	653.304	/	119.6785
=	5.46

Concord Control Systems'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: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	363.84	/ (	(149.343	+	190.739)	/	2 )
=	363.84	/	170.041
=	2.14

Concord Control Systems (BOM:543619) 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.

Concord Control Systems Receivables Turnover Related Terms

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Concord Control Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Concord Control Systems Ltd (BOM:543619) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Deva Road, G-36, U.P.S.I.D.C, Industrial Area, Lucknow, UP, IND, 226019

Website

https://www.concordgroup.in

Concord Control Systems Ltd is engaged in the business of manufacturing and supplying coach-related and electrification products for Indian Railways and other Railway Contractors. The company manufactures products required in railway coaches like Inter-Vehicular Coupler, Emergency Lighting Systems, Brushless DC carriage fans, Exhaust fans, Cable Jackets, Bellows, and others.

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