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Aisha Steel Mills (KAR:ASL) Receivables Turnover : 5.64 (As of Mar. 2024)


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What is Aisha Steel Mills 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. Aisha Steel Mills's Revenue for the three months ended in Mar. 2024 was ₨8,790 Mil. Aisha Steel Mills's average Accounts Receivable for the three months ended in Mar. 2024 was ₨1,559 Mil. Hence, Aisha Steel Mills's Receivables Turnover for the three months ended in Mar. 2024 was 5.64.


Aisha Steel Mills Receivables Turnover Historical Data

The historical data trend for Aisha Steel Mills'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.

* Premium members only.

Aisha Steel Mills Receivables Turnover Chart

Aisha Steel Mills Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.49 78.23 97.28 108.64 136.90

Aisha Steel Mills 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.77 1.77 50.37 9.57 5.64

Competitive Comparison of Aisha Steel Mills's Receivables Turnover

For the Steel subindustry, Aisha Steel Mills'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.


Aisha Steel Mills's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Aisha Steel Mills's Receivables Turnover falls into.



Aisha Steel Mills Receivables Turnover Calculation

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

Aisha Steel Mills's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=31102.382 / ((222.963 + 231.433) / 2 )
=31102.382 / 227.198
=136.90

Aisha Steel Mills'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 )
=8790.107 / ((2328.699 + 789.349) / 2 )
=8790.107 / 1559.024
=5.64

* 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.


Aisha Steel Mills  (KAR:ASL) 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.


Aisha Steel Mills Receivables Turnover Related Terms

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Aisha Steel Mills (KAR:ASL) Business Description

Traded in Other Exchanges
Address
23 M.T. Khan Road, 1st Floor, Arif Habib Center, Karachi, SD, PAK, 74000
Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe, Asia and Africa. The majority of revenue is derived from Pakistan.

Aisha Steel Mills (KAR:ASL) Headlines

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