Diffusion Engineers (BOM:544264) Receivables Turnover : 0.99 (As of Jun. 2023)

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What is Diffusion 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. Diffusion Engineers's Revenue for the three months ended in Jun. 2023 was ₹654.1 Mil. Diffusion Engineers's average Accounts Receivable for the three months ended in Jun. 2023 was ₹663.9 Mil. Hence, Diffusion Engineers's Receivables Turnover for the three months ended in Jun. 2023 was 0.99.

Diffusion Engineers Receivables Turnover Historical Data

The historical data trend for Diffusion 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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Diffusion Engineers Receivables Turnover Chart

Diffusion Engineers Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

3.56

4.35

4.19

4.03

Diffusion Engineers Quarterly Data
	Mar21	Mar22	Mar23	Jun23	Mar24
Receivables Turnover	-	-	-	0.99	-

Competitive Comparison of Diffusion Engineers's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Diffusion 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.

Diffusion Engineers's Receivables Turnover Distribution in the Industrial Products Industry

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

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

Diffusion Engineers Receivables Turnover Calculation

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

Diffusion Engineers'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 )
=	2758.04	/ (	(701.35	+	666.47)	/	2 )
=	2758.04	/	683.91
=	4.03

Diffusion Engineers's Receivables Turnover for the quarter that ended in Jun. 2023 is calculated as

	Receivables Turnover (Q: Jun. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Jun. 2023 ))	/	count )
=	654.08	/ (	(701.35	+	626.44)	/	2 )
=	654.08	/	663.895
=	0.99

Diffusion Engineers (BOM:544264) 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.

Diffusion Engineers Receivables Turnover Related Terms

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Diffusion Engineers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Diffusion Engineers Ltd (BOM:544264) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

DIFFNKG:India

Address

Nagpur Industrial Area, T-5 & 6, MIDC, Hingna, Nagpur, MH, IND, 440016

Website

https://www.diffusionengineers.com

Diffusion Engineers Ltd is engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. Additionally, it is also involved in the trading of anti-wear powders and welding and cutting machinery. The company provides a super conditioning process at its manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan.

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