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Ashok LeylandNSE:ASHOKLEY +0.28%85 Receivables Turnover is 5.55 as of Mar. 2026. GuruFocus rates NSE:ASHOKLEY with a GF Score™ of 85/100 and a GF Value™ of ₹127.69 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 210 Farm & Heavy Construction Machinery companies, Ashok Leyland ranks better than 95.24% 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. Ashok Leyland's Revenue for the
three
months ended in Mar. 2026 was ₹171,389 Mil. Ashok Leyland's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹30,874 Mil.
Hence, Ashok Leyland's Receivables Turnover for the
three
months ended in Mar. 2026 was 5.55.
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.
Ashok Leyland Receivables Turnover Related Terms
Ashok Leyland Receivables Turnover Historical Data
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The historical data trend for Ashok Leyland'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.
NSE:ASHOKLEY vs CAT, DE, PCAR: Receivables Turnover Comparison
For the Farm & Heavy Construction Machinery subindustry, Ashok Leyland'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.
Ashok Leyland Receivables Turnover vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Ashok Leyland's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Ashok Leyland'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.
Ashok Leyland (NSE:ASHOKLEY) has a Receivables Turnover of 5.55 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 Ashok Leyland and its competitors. According to the industry distribution chart, Ashok Leyland ranks #10 out of 210 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 4.8%.
Is Ashok Leyland's Receivables Turnover too high?
Ashok Leyland's current Receivables Turnover is 5.55. The Farm & Heavy Construction Machinery industry median Receivables Turnover is 4.97. Ashok Leyland's value of 5.55 is 11.7% above this industry median. Based on the distribution chart, Ashok Leyland ranks #10 out of 210 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Ashok Leyland has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashok Leyland's Receivables Turnover compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Ashok Leyland ranks #10 out of 210 companies for Receivables Turnover. This places Ashok Leyland in the top 5% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.97. Ashok Leyland's value of 5.55 is 11.7% 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. Ashok Leyland's current Receivables Turnover of 5.55 is 11.7% 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 Ashok Leyland 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. Ashok Leyland's current Receivables Turnover is 5.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashok Leyland stock overvalued right now?
Based on GuruFocus' analysis, Ashok Leyland (NSE:ASHOKLEY) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹127.69, compared to a current price of ₹151.07 — trading 18.3% above its estimated fair value. The current Receivables Turnover is 5.55 and 11.7% above the Farm & Heavy Construction Machinery industry median of 4.97. Ashok Leyland's overall GF Score™ is 85/100 with 1 warning sign 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 Ashok Leyland (NSE:ASHOKLEY), the current Receivables Turnover is 5.55 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 Ashok Leyland (NSE:ASHOKLEY) Overvalued in 2026?
Based on GuruFocus' analysis, Ashok Leyland stock appears to be overvalued.
The current stock price of ₹151.07 is trading 18.3% above its estimated GF Value™ of ₹127.69.
GuruFocus considers Ashok Leyland to be Modestly Overvalued.
Key valuation signals for NSE:ASHOKLEY:
Receivables Turnover: 5.55
GF Value™: ₹127.69 vs. price of ₹151.07 (18.3% above fair value)
Industry Position: 11.7% above the Farm & Heavy Construction Machinery median (#10 of 210)
No single metric tells the full story. See the NSE:ASHOKLEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue being derived from commercial vehicle sales. It produces and sells vehicles across different categories such as Trucks, Buses, Light Commercial Vehicles, and Defence. The company's operating segments are; Commercial vehicles, and Financial services. Geographically, it derives the majority revenue within India and the rest from other markets.
85GF Score
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