AMIC Forging (BOM:544037) Receivables Turnover : 4.96 (As of Mar. 2024)

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What is AMIC Forging 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. AMIC Forging's Revenue for the six months ended in Mar. 2024 was ₹1,261 Mil. AMIC Forging's average Accounts Receivable for the six months ended in Mar. 2024 was ₹255 Mil. Hence, AMIC Forging's Receivables Turnover for the six months ended in Mar. 2024 was 4.96.

AMIC Forging Receivables Turnover Historical Data

The historical data trend for AMIC Forging'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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AMIC Forging Receivables Turnover Chart

AMIC Forging Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

2.93

6.22

6.51

4.96

AMIC Forging Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	2.93	6.22	6.51	4.96

Competitive Comparison of AMIC Forging's Receivables Turnover

For the Metal Fabrication subindustry, AMIC Forging'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.

AMIC Forging's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where AMIC Forging's Receivables Turnover falls into.

AMIC Forging Receivables Turnover Calculation

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

AMIC Forging'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 )
=	1261.467	/ (	(217.439	+	291.622)	/	2 )
=	1261.467	/	254.5305
=	4.96

AMIC Forging'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1261.467	/ (	(217.439	+	291.622)	/	2 )
=	1261.467	/	254.5305
=	4.96

AMIC Forging (BOM:544037) 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.

AMIC Forging Receivables Turnover Related Terms

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AMIC Forging Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AMIC Forging Ltd (BOM:544037) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3A, Garstin Place, 2nd Floor, Kolkata, WB, IND, 700001

Website

https://www.amicforgings.com

AMIC Forging Ltd is engaged in the manufacturing of forged components. It manufactures precision machined components catering to various industries such as heavy Engineering, Steel Industry, Oil and gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry, Sugar, and other related industries. It manufactures different forging components such as Gear Couplings, Roller Shaft, Brake Drum, Hook and other products as per international standards like AISI, BS, IS, DIN, etc.

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