DEE Development Engineers (BOM:544198) Receivables Turnover : 0.79 (As of Dec. 2024)

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What is DEE Development Engineers 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. DEE Development Engineers's Revenue for the three months ended in Dec. 2024 was ₹1,620 Mil. DEE Development Engineers's average Accounts Receivable for the three months ended in Dec. 2024 was ₹2,053 Mil. Hence, DEE Development Engineers's Receivables Turnover for the three months ended in Dec. 2024 was 0.79.

DEE Development Engineers Receivables Turnover Historical Data

The historical data trend for DEE Development Engineers'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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DEE Development Engineers Receivables Turnover Chart

DEE Development Engineers Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

2.45

2.58

3.52

DEE Development Engineers Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial				-	1.20	10.60	0.94	0.79

Competitive Comparison of DEE Development Engineers's Receivables Turnover

For the Metal Fabrication subindustry, DEE Development Engineers'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.

DEE Development Engineers's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where DEE Development Engineers's Receivables Turnover falls into.

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DEE Development Engineers Receivables Turnover Calculation

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

DEE Development Engineers'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 )
=	5869.77	/ (	(1534.34	+	1803.77)	/	2 )
=	5869.77	/	1669.055
=	3.52

DEE Development Engineers's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1620.027	/ (	(2053.153	+	0)	/	1 )
=	1620.027	/	2053.153
=	0.79

DEE Development Engineers (BOM:544198) 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.

DEE Development Engineers Receivables Turnover Related Terms

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DEE Development Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DEE Development Engineers Ltd (BOM:544198) » Definitions » Receivables Turnover

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Traded in Other Exchanges

DEEDEV:India

Address

Prithla-Tatarpur Road, Unit 1, Village Tatarpur, District Palwal, Faridabad, HR, IND, 121102

Website

https://www.deepiping.com

DEE Development Engineers Ltd is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. It also manufacture and supply piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, etc. The Group has three reportable segments, as follows: The piping segment, The power segment and The Heavy fabrication segment. Key revenue is generated from the piping segment which is mainly engaged in manufacturing of pre-fabricated engineering products, pipe fittings, piping systems.

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