Appollo Ispat Complex (DHA:APOLOISPAT) Receivables Turnover : 0.19 (As of Mar. 2019)

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What is Appollo Ispat Complex 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. Appollo Ispat Complex's Revenue for the three months ended in Mar. 2019 was BDT689 Mil. Appollo Ispat Complex's average Accounts Receivable for the three months ended in Mar. 2019 was BDT3,636 Mil. Hence, Appollo Ispat Complex's Receivables Turnover for the three months ended in Mar. 2019 was 0.19.

Appollo Ispat Complex Receivables Turnover Historical Data

The historical data trend for Appollo Ispat Complex'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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Appollo Ispat Complex Receivables Turnover Chart

Appollo Ispat Complex Annual Data

Trend

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Receivables Turnover

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5.50

3.64

2.49

2.16

1.26

Appollo Ispat Complex Quarterly Data
	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Receivables Turnover	Get a 7-Day Free Trial															0.33	0.18	0.16	0.12	0.19

Competitive Comparison of Appollo Ispat Complex's Receivables Turnover

For the Steel subindustry, Appollo Ispat Complex'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.

Appollo Ispat Complex's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Appollo Ispat Complex's Receivables Turnover falls into.

Appollo Ispat Complex Receivables Turnover Calculation

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

Appollo Ispat Complex's Receivables Turnover for the fiscal year that ended in Jun. 2018 is calculated as

	Receivables Turnover (A: Jun. 2018 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jun. 2018 )	/ (	(Accounts Receivable (A: Jun. 2017 )	+	Accounts Receivable (A: Jun. 2018 ))	/	count )
=	3863.827	/ (	(2895.151	+	3249.054)	/	2 )
=	3863.827	/	3072.1025
=	1.26

Appollo Ispat Complex's Receivables Turnover for the quarter that ended in Mar. 2019 is calculated as

	Receivables Turnover (Q: Mar. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2019 )	/ (	(Accounts Receivable (Q: Dec. 2018 )	+	Accounts Receivable (Q: Mar. 2019 ))	/	count )
=	688.809	/ (	(3638.682	+	3632.807)	/	2 )
=	688.809	/	3635.7445
=	0.19

Appollo Ispat Complex (DHA:APOLOISPAT) 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.

Appollo Ispat Complex Receivables Turnover Related Terms

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Appollo Ispat Complex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Appollo Ispat Complex Ltd (DHA:APOLOISPAT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

407, Tejgaon Industrial Area, 4th Floor, Phoenix Tower, Dhaka, BGD, 1208

Website

http://www.appollo-ispat.com

Appollo Ispat Complex Ltd manufactures and sells corrugated iron sheets in Bangladesh and internationally. It offers cold rolled coils; iron or steel galvanized sheets/coils; and ridges. The company's products are used for roofing of new factories, warehouses, and sheds in industrial applications; roofing cow sheds, the roofing and side fencing of poultry farms, and the fencing of agricultural projects; and roofing small shops, shutter as well as for fencing around the construction area.

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