New Swan Multitech (BOM:544082) Receivables Turnover : 6.01 (As of Sep. 2024)

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What is New Swan Multitech 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. New Swan Multitech's Revenue for the six months ended in Sep. 2024 was ₹833 Mil. New Swan Multitech's average Accounts Receivable for the six months ended in Sep. 2024 was ₹138 Mil. Hence, New Swan Multitech's Receivables Turnover for the six months ended in Sep. 2024 was 6.01.

New Swan Multitech Receivables Turnover Historical Data

The historical data trend for New Swan Multitech'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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New Swan Multitech Receivables Turnover Chart

New Swan Multitech Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

20.55

14.65

12.64

12.41

New Swan Multitech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	5.60	4.86	6.01

Competitive Comparison of New Swan Multitech's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, New Swan Multitech'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.

New Swan Multitech's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, New Swan Multitech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where New Swan Multitech's Receivables Turnover falls into.

New Swan Multitech Receivables Turnover Calculation

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

New Swan Multitech'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 )
=	1505.882	/ (	(110.696	+	132.022)	/	2 )
=	1505.882	/	121.359
=	12.41

New Swan Multitech'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 )
=	832.643	/ (	(132.022	+	144.87)	/	2 )
=	832.643	/	138.446
=	6.01

New Swan Multitech (BOM:544082) 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.

New Swan Multitech Receivables Turnover Related Terms

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New Swan Multitech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » New Swan Multitech Ltd (BOM:544082) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

District Court Complex, Shop No. 310, 3rd Floor, Vardhman Crown Mall, Plot No. 2, Sector-19, Dwarka, South West Delhi, New Delhi, IND, 110075

Website

https://www.swanagro.in

New Swan Multitech Ltd is engaged in the business of manufacturing, trading and export of agricultural implements and Auto Parts. The company's business comprises of only one segment that is Auto Components & Equipments. Its product include potato planter, Rotary Tiller, straw reaper, etc.

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