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Automotive Stampings & Assemblies (NSE:ASAL) Receivables Turnover : 2.79 (As of Sep. 2024)


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What is Automotive Stampings & Assemblies 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. Automotive Stampings & Assemblies's Revenue for the three months ended in Sep. 2024 was ₹1,971 Mil. Automotive Stampings & Assemblies's average Accounts Receivable for the three months ended in Sep. 2024 was ₹708 Mil. Hence, Automotive Stampings & Assemblies's Receivables Turnover for the three months ended in Sep. 2024 was 2.79.


Automotive Stampings & Assemblies Receivables Turnover Historical Data

The historical data trend for Automotive Stampings & Assemblies'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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Automotive Stampings & Assemblies Receivables Turnover Chart

Automotive Stampings & Assemblies Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.52 10.80 22.43 24.30 15.09

Automotive Stampings & Assemblies Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 3.16 3.22 3.25 2.68 2.79

Competitive Comparison of Automotive Stampings & Assemblies's Receivables Turnover

For the Auto Parts subindustry, Automotive Stampings & Assemblies'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.


Automotive Stampings & Assemblies's Receivables Turnover Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Automotive Stampings & Assemblies's Receivables Turnover falls into.



Automotive Stampings & Assemblies Receivables Turnover Calculation

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

Automotive Stampings & Assemblies'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 )
=8803.269 / ((451.605 + 715.06) / 2 )
=8803.269 / 583.3325
=15.09

Automotive Stampings & Assemblies's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

Receivables Turnover (Q: Sep. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Sep. 2024 ) / ((Accounts Receivable (Q: Jun. 2024 ) + Accounts Receivable (Q: Sep. 2024 )) / count )
=1971.078 / ((0 + 707.747) / 1 )
=1971.078 / 707.747
=2.79

* 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.


Automotive Stampings & Assemblies  (NSE:ASAL) 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.


Automotive Stampings & Assemblies Receivables Turnover Related Terms

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Automotive Stampings & Assemblies Business Description

Traded in Other Exchanges
Address
TACO House, Off Law College Road, Plot No- 20/B FPN085, V.G. Damle Path, Erandwane, Pune, MH, IND, 411004
Automotive Stampings & Assemblies Ltd a TACO group company manufactures and supplies sheet metal components, welded assemblies, and modules for automobiles. The company operates only in the Automobile Component Segment in the Domestic Market. geographical the majority of its revenue comes from Components.

Automotive Stampings & Assemblies Headlines