Vraj Iron and Steel (BOM:544204) Receivables Turnover : 5.68 (As of Sep. 2024)

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What is Vraj Iron and Steel 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. Vraj Iron and Steel's Revenue for the three months ended in Sep. 2024 was ₹875 Mil. Vraj Iron and Steel's average Accounts Receivable for the three months ended in Sep. 2024 was ₹154 Mil. Hence, Vraj Iron and Steel's Receivables Turnover for the three months ended in Sep. 2024 was 5.68.

Vraj Iron and Steel Receivables Turnover Historical Data

The historical data trend for Vraj Iron and Steel'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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Vraj Iron and Steel Receivables Turnover Chart

Vraj Iron and Steel Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

41.61

44.00

41.70

Vraj Iron and Steel Quarterly Data
	Mar21	Mar22	Mar23	Sep23	Dec23	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	8.92	5.90	5.68

Competitive Comparison of Vraj Iron and Steel's Receivables Turnover

For the Steel subindustry, Vraj Iron and Steel'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.

Vraj Iron and Steel's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Vraj Iron and Steel's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vraj Iron and Steel's Receivables Turnover falls into.

Vraj Iron and Steel Receivables Turnover Calculation

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

Vraj Iron and Steel'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 )
=	5156.71	/ (	(118.34	+	128.96)	/	2 )
=	5156.71	/	123.65
=	41.70

Vraj Iron and Steel'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: Dec. 2023 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	875.47	/ (	(136.69	+	171.55)	/	2 )
=	875.47	/	154.12
=	5.68

Vraj Iron and Steel (BOM:544204) 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.

Vraj Iron and Steel Receivables Turnover Related Terms

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Vraj Iron and Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vraj Iron and Steel Ltd (BOM:544204) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

VRAJ:India

Address

First Floor, Plot No 63 & 66, Ph No 113, Mother Teresa Ward No. 43, Jalvihar Colony, Raipur, CT, IND, 492001

Website

https://www.vrajtmt.in

Vraj Iron and Steel Ltd is engaged in the manufacturing & trading of Iron and Steel & Power. The company offers products such as Sponge Iron, TMT Bar, and MS Billets under the brand Vraj. The company generates the majority of its revenue from the sale of products.

Vraj Iron and Steel Headlines

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