Wheels India (BOM:590073) Receivables Turnover : 1.75 (As of Mar. 2024)

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What is Wheels India 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. Wheels India's Revenue for the three months ended in Mar. 2024 was ₹12,715 Mil. Wheels India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹7,263 Mil. Hence, Wheels India's Receivables Turnover for the three months ended in Mar. 2024 was 1.75.

Wheels India Receivables Turnover Historical Data

The historical data trend for Wheels India'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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Wheels India Receivables Turnover Chart

Wheels India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.70

3.66

4.43

5.39

6.40

Wheels India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.51	1.46	1.65	1.56	1.75

Competitive Comparison of Wheels India's Receivables Turnover

For the Auto Parts subindustry, Wheels India'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.

Wheels India's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Wheels India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wheels India's Receivables Turnover falls into.

Wheels India Receivables Turnover Calculation

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

Wheels India'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 )
=	49773	/ (	(8291.2	+	7263.4)	/	2 )
=	49773	/	7777.3
=	6.40

Wheels India's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	12714.8	/ (	(0	+	7263.4)	/	1 )
=	12714.8	/	7263.4
=	1.75

Wheels India (BOM:590073) 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.

Wheels India Receivables Turnover Related Terms

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Wheels India (BOM:590073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wheels India Ltd (BOM:590073) » Definitions » Receivables Turnover

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WHEELS:India

Address

M.T.H. Road, Padi, Chennai, TN, IND, 600 050

Website

https://www.wheelsindia.com

Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into Automotive Components and Industrial Components segment. The automotive company segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment; however, the group is also engaged in the manufacturing suspension products for the vehicles. The industrial segment includes components and structures for windmills, railways and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.

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