Bansal Wire Industries (BOM:544209) Receivables Turnover : 4.07 (As of Sep. 2024)

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What is Bansal Wire Industries 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. Bansal Wire Industries's Revenue for the six months ended in Sep. 2024 was ₹16,424 Mil. Bansal Wire Industries's average Accounts Receivable for the six months ended in Sep. 2024 was ₹4,037 Mil. Hence, Bansal Wire Industries's Receivables Turnover for the six months ended in Sep. 2024 was 4.07.

Bansal Wire Industries Receivables Turnover Historical Data

The historical data trend for Bansal Wire Industries'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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Bansal Wire Industries Receivables Turnover Chart

Bansal Wire Industries Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

7.10

9.58

9.55

8.01

Bansal Wire Industries Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	4.43	4.14	4.07

Competitive Comparison of Bansal Wire Industries's Receivables Turnover

For the Steel subindustry, Bansal Wire Industries'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.

Bansal Wire Industries's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Bansal Wire Industries's Receivables Turnover falls into.

Bansal Wire Industries Receivables Turnover Calculation

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

Bansal Wire Industries'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 )
=	24447.19	/ (	(2523.84	+	3579.28)	/	2 )
=	24447.19	/	3051.56
=	8.01

Bansal Wire Industries'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 )
=	16423.65	/ (	(3579.28	+	4495.4)	/	2 )
=	16423.65	/	4037.34
=	4.07

Bansal Wire Industries (BOM:544209) 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.

Bansal Wire Industries Receivables Turnover Related Terms

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Bansal Wire Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bansal Wire Industries Ltd (BOM:544209) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

BANSALWIRE:India

Address

Main Road, F-3, Shastri Nagar, Delhi, IND, 110052

Website

https://www.bansalwire.com

Bansal Wire Industries Ltd is a stainless steel wire manufacturing company. Its products include high-carbon steel wire, mild steel wire (low-carbon steel wire), and stainless steel wire. The company has two reporting segments; Manufacturing & Sales and Job Work. Key revenue is generated from the Manufacturing & Sales segment.

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