Bigbloc Construction (NSE:BIGBLOC) Receivables Turnover : 1.30 (As of Mar. 2024)

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What is Bigbloc Construction 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. Bigbloc Construction's Revenue for the three months ended in Mar. 2024 was ₹680 Mil. Bigbloc Construction's average Accounts Receivable for the three months ended in Mar. 2024 was ₹522 Mil. Hence, Bigbloc Construction's Receivables Turnover for the three months ended in Mar. 2024 was 1.30.

Bigbloc Construction Receivables Turnover Historical Data

The historical data trend for Bigbloc Construction'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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Bigbloc Construction Receivables Turnover Chart

Bigbloc Construction Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.82

4.26

6.99

6.98

5.84

Bigbloc Construction 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															1.50	1.76	1.28	1.33	1.30

Competitive Comparison of Bigbloc Construction's Receivables Turnover

For the Building Products & Equipment subindustry, Bigbloc Construction'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.

Bigbloc Construction's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bigbloc Construction's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bigbloc Construction's Receivables Turnover falls into.

Bigbloc Construction Receivables Turnover Calculation

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

Bigbloc Construction'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 )
=	2432.213	/ (	(310.941	+	521.991)	/	2 )
=	2432.213	/	416.466
=	5.84

Bigbloc Construction'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 )
=	679.54	/ (	(0	+	521.991)	/	1 )
=	679.54	/	521.991
=	1.30

Bigbloc Construction (NSE:BIGBLOC) 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.

Bigbloc Construction Receivables Turnover Related Terms

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Bigbloc Construction (NSE:BIGBLOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bigbloc Construction Ltd (NSE:BIGBLOC) » Definitions » Receivables Turnover

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540061:India

Address

Dumas Road, Office No. 908, 9th Floor, Rajhans Montessa, Magdalla, Surat, GJ, IND, 395007

Website

https://www.nxtbloc.in

Bigbloc Construction Ltd is engaged in the business of manufacturing building blocks and AAC (Aerated Autoclave Concrete) Bricks. AAC blocks are a high quality building material that offers a unique combination of strength, low weight, thermal insulation, sound absorption, unsurpassed fire resistance and unprecedented build ability. AAC is a natural and non-toxic construction material, saves energy, and is friendly to the environment. The company supplies to few of the largest Builders and Contractors in India like L&T, Lodha, Indiabulls, Runwal and many others.

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