Avalon Technologies (BOM:543896) Receivables Turnover : 1.16 (As of Mar. 2024)

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What is Avalon 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. Avalon Technologies's Revenue for the three months ended in Mar. 2024 was ₹2,168 Mil. Avalon Technologies's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,869 Mil. Hence, Avalon Technologies's Receivables Turnover for the three months ended in Mar. 2024 was 1.16.

Avalon Technologies Receivables Turnover Historical Data

The historical data trend for Avalon 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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Avalon Technologies Receivables Turnover Chart

Avalon Technologies Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

5.63

4.66

4.67

5.33

4.64

Avalon Technologies Quarterly Data
	Mar20	Mar21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial						-	-	1.21	1.29	1.16

Competitive Comparison of Avalon Technologies's Receivables Turnover

For the Electronic Components subindustry, Avalon 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.

Avalon Technologies's Receivables Turnover Distribution in the Hardware Industry

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

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

Avalon Technologies Receivables Turnover Calculation

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

Avalon 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 )
=	8671.68	/ (	(0	+	1868.56)	/	1 )
=	8671.68	/	1868.56
=	4.64

Avalon 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: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	2168.1	/ (	(0	+	1868.56)	/	1 )
=	2168.1	/	1868.56
=	1.16

Avalon Technologies (BOM:543896) 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.

Avalon Technologies Receivables Turnover Related Terms

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Avalon Technologies (BOM:543896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avalon Technologies Ltd (BOM:543896) » Definitions » Receivables Turnover

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AVALON:India

Address

B-7, First Main Road, MEPZ, Tambaram, Chennai, TN, IND, 600 045

Website

https://www.avalontec.com

Avalon Technologies Ltd is a fully integrated electronic manufacturing services company. It focuses on high-value precision engineered products. It offers a full stack product and solution suite, right from printed circuit board design and assembly to the manufacture of complete electronic systems, to certain global original equipment manufacturers (OEMs), including OEMs located in countries like China, Netherlands, the United States, and Japan. Geographically the company generates the majority of its revenue from India.

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