Vruddhi Engineering Works (BOM:544157) Receivables Turnover : 1.73 (As of Sep. 2024)

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What is Vruddhi Engineering Works 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. Vruddhi Engineering Works's Revenue for the six months ended in Sep. 2024 was ₹138.3 Mil. Vruddhi Engineering Works's average Accounts Receivable for the six months ended in Sep. 2024 was ₹79.9 Mil. Hence, Vruddhi Engineering Works's Receivables Turnover for the six months ended in Sep. 2024 was 1.73.

Vruddhi Engineering Works Receivables Turnover Historical Data

The historical data trend for Vruddhi Engineering Works'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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Vruddhi Engineering Works Receivables Turnover Chart

Vruddhi Engineering Works Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

4.50

4.53

Vruddhi Engineering Works Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Sep24
Receivables Turnover	-	-	-	1.78	1.73

Competitive Comparison of Vruddhi Engineering Works's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Vruddhi Engineering Works'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.

Vruddhi Engineering Works's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Vruddhi Engineering Works's Receivables Turnover falls into.

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Vruddhi Engineering Works Receivables Turnover Calculation

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

Vruddhi Engineering Works's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	130.769	/ (	(4.906	+	52.844)	/	2 )
=	130.769	/	28.875
=	4.53

Vruddhi Engineering Works'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: Sep. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	138.295	/ (	(52.172	+	107.643)	/	2 )
=	138.295	/	79.9075
=	1.73

Vruddhi Engineering Works (BOM:544157) 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.

Vruddhi Engineering Works Receivables Turnover Related Terms

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Vruddhi Engineering Works Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vruddhi Engineering Works Ltd (BOM:544157) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

N. S. Phadke Road, 1317, Hubtown Solaris, Near Flyover Bridge, Andheri East, Mumbai, MH, IND, 400069

Website

https://www.vruddhicouplers.com

Vruddhi Engineering Works Ltd is engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. It offers (a) supply of rebar couplers as per customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. The company supply its products and offers its services to the real estate, construction and infrastructure industry.

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