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Millat TractorsKAR:MTL +0.12%73 Receivables Turnover is 11.21 as of Mar. 2026. GuruFocus rates KAR:MTL with a GF Score™ of 73/100 and a GF Value™ of ₨148.96 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 210 Farm & Heavy Construction Machinery companies, Millat Tractors ranks better than 98.1% on this metric.
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. Millat Tractors's Revenue for the
three
months ended in Mar. 2026 was ₨17,231 Mil. Millat Tractors's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₨1,537 Mil.
Hence, Millat Tractors's Receivables Turnover for the
three
months ended in Mar. 2026 was 11.21.
Millat Tractors (KAR:MTL) 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.
Millat Tractors Receivables Turnover Related Terms
Millat Tractors Receivables Turnover Historical Data
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The historical data trend for Millat Tractors'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.
KAR:MTL vs CAT, DE, PCAR: Receivables Turnover Comparison
For the Farm & Heavy Construction Machinery subindustry, Millat Tractors'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.
Millat Tractors Receivables Turnover vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Millat Tractors's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Millat Tractors's Receivables Turnover falls into.
* 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.
Millat Tractors (KAR:MTL) has a Receivables Turnover of 11.21 as of Mar. 2026. The accounts 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. View historical data on Millat Tractors and its competitors. According to the industry distribution chart, Millat Tractors ranks #4 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 1.9%.
Is Millat Tractors' Receivables Turnover too high?
Millat Tractors' current Receivables Turnover is 11.21. The Farm & Heavy Construction Machinery industry median Receivables Turnover is 4.97. Millat Tractors' value of 11.21 is 125.6% above this industry median. Based on the distribution chart, Millat Tractors ranks #4 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Millat Tractors has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' Receivables Turnover compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Millat Tractors ranks #4 out of 210 companies for Receivables Turnover. This places Millat Tractors in the top 2% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.97. Millat Tractors' value of 11.21 is 125.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Farm & Heavy Construction Machinery company?
The median Receivables Turnover among Farm & Heavy Construction Machinery companies is 4.97, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millat Tractors's current Receivables Turnover of 11.21 is 125.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Millat Tractors and its competitors. For the Farm & Heavy Construction Machinery industry, the median Receivables Turnover is 4.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millat Tractors's current Receivables Turnover is 11.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨148.96, compared to a current price of ₨300.02 — trading 101.4% above its estimated fair value. The current Receivables Turnover is 11.21 and 125.6% above the Farm & Heavy Construction Machinery industry median of 4.97. Millat Tractors' overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Millat Tractors (KAR:MTL), the current Receivables Turnover is 11.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Millat Tractors (KAR:MTL) Overvalued in 2026?
Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued.
The current stock price of ₨300.02 is trading 101.4% above its estimated GF Value™ of ₨148.96.
GuruFocus considers Millat Tractors to be Significantly Overvalued.
Key valuation signals for KAR:MTL:
Receivables Turnover: 11.21
GF Value™: ₨148.96 vs. price of ₨300.02 (101.4% above fair value)
Industry Position: 125.6% above the Farm & Heavy Construction Machinery median (#4 of 210)
No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
73GF Score
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