Maiden Forgings (BOM:543874) Receivables Turnover : 4.44 (As of Sep. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Maiden Forgings 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. Maiden Forgings's Revenue for the six months ended in Sep. 2024 was ₹1,091 Mil. Maiden Forgings's average Accounts Receivable for the six months ended in Sep. 2024 was ₹246 Mil. Hence, Maiden Forgings's Receivables Turnover for the six months ended in Sep. 2024 was 4.44.

Maiden Forgings Receivables Turnover Historical Data

The historical data trend for Maiden Forgings'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.

* Premium members only.

Maiden Forgings Receivables Turnover Chart

Maiden Forgings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

6.61

6.23

6.99

8.47

9.99

Maiden Forgings Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			4.00	4.50	4.26	4.69	4.44

Competitive Comparison of Maiden Forgings's Receivables Turnover

For the Metal Fabrication subindustry, Maiden Forgings'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.

Maiden Forgings's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Maiden Forgings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Maiden Forgings's Receivables Turnover falls into.

Maiden Forgings Receivables Turnover Calculation

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

Maiden Forgings'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 )
=	2360.954	/ (	(249.936	+	222.581)	/	2 )
=	2360.954	/	236.2585
=	9.99

Maiden Forgings'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 )
=	1090.875	/ (	(222.581	+	268.768)	/	2 )
=	1090.875	/	245.6745
=	4.44

Maiden Forgings (BOM:543874) 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.

Maiden Forgings Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Maiden Forgings's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Maiden Forgings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maiden Forgings Ltd (BOM:543874) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

E 201 Kavi Nagar Industrial Area, Ghaziabad, UP, IND, 201002

Website

https://www.maidenforgings.in

Maiden Forgings Ltd is engaged in manufacturing and selling ferrous metal products including steel bright bars, wires, profiles, ground bars and nails (collated & loose).

Maiden Forgings Headlines

No Headlines