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Bestway Cement Co (KAR:BWCL) Receivables Turnover : 20.81 (As of Mar. 2024)


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What is Bestway Cement Co 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. Bestway Cement Co's Revenue for the three months ended in Mar. 2024 was ₨25,200 Mil. Bestway Cement Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₨1,211 Mil. Hence, Bestway Cement Co's Receivables Turnover for the three months ended in Mar. 2024 was 20.81.


Bestway Cement Co Receivables Turnover Historical Data

The historical data trend for Bestway Cement Co'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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Bestway Cement Co Receivables Turnover Chart

Bestway Cement Co 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 27.58 19.39 40.91 73.53 82.51

Bestway Cement Co 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 17.37 18.65 17.96 19.66 20.81

Competitive Comparison of Bestway Cement Co's Receivables Turnover

For the Building Materials subindustry, Bestway Cement Co'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.


Bestway Cement Co's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Bestway Cement Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bestway Cement Co's Receivables Turnover falls into.



Bestway Cement Co Receivables Turnover Calculation

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

Bestway Cement Co'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 )
=87741.812 / ((915.966 + 1210.836) / 2 )
=87741.812 / 1063.401
=82.51

Bestway Cement Co'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 )
=25199.971 / ((1280.685 + 1141.382) / 2 )
=25199.971 / 1211.0335
=20.81

* 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.


Bestway Cement Co  (KAR:BWCL) 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.


Bestway Cement Co Receivables Turnover Related Terms

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Bestway Cement Co (KAR:BWCL) Business Description

Traded in Other Exchanges
N/A
Address
19-A, College Road, Bestway Building, F-7 Markaz, Islamabad, PB, PAK, 44000
Bestway Cement Co Ltd is engaged in the production and sale of cement in the local and export market. Its products include Bestway, Pakcem, Stallion, Ecocem, Low Alkali Cement, and others. The company operates in Pakistan and also export to other countries. Geographically, the majority of the revenue is generated from Pakistan.

Bestway Cement Co (KAR:BWCL) Headlines

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