Blue Star (NSE:BLUESTARCO) Receivables Turnover : 1.65 (As of Sep. 2024)

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What is Blue Star 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. Blue Star's Revenue for the three months ended in Sep. 2024 was ₹22,760 Mil. Blue Star's average Accounts Receivable for the three months ended in Sep. 2024 was ₹13,807 Mil. Hence, Blue Star's Receivables Turnover for the three months ended in Sep. 2024 was 1.65.

Blue Star Receivables Turnover Historical Data

The historical data trend for Blue Star'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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Blue Star Receivables Turnover Chart

Blue Star Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.06

4.66

5.54

5.45

5.26

Blue Star 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															1.52	1.80	1.59	1.42	1.65

Competitive Comparison of Blue Star's Receivables Turnover

For the Building Products & Equipment subindustry, Blue Star'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.

Blue Star's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where Blue Star's Receivables Turnover falls into.

Blue Star Receivables Turnover Calculation

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

Blue Star'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 )
=	95756.5	/ (	(16221.2	+	20181.4)	/	2 )
=	95756.5	/	18201.3
=	5.26

Blue Star'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 )
=	22759.6	/ (	(0	+	13807.4)	/	1 )
=	22759.6	/	13807.4
=	1.65

Blue Star (NSE:BLUESTARCO) 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.

Blue Star Receivables Turnover Related Terms

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Blue Star Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Blue Star Ltd (NSE:BLUESTARCO) » Definitions » Receivables Turnover

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500067:India

Address

254 D, Dr Annie Besant Road, Band Box House, 4th Floor, Worli, Mumbai, MH, IND, 400030

Website

https://www.bluestarindia.com

Blue Star Ltd is an India-based air conditioning and commercial refrigeration company. It serves corporate, commercial, and residential entities. The company's operating segment includes Electro-Mechanical Projects and Commercial Air Conditioning Systems; Unitary Products and Professional Electronics and Industrial Systems. It generates maximum revenue from the Electro-Mechanical Projects and Commercial Air-conditioning Systems segment which includes central air-conditioning projects, Electrical Contracting business, and Packaged air-conditioning businesses including manufacturing and after-sales service. Geographically, the company generates a majority of its revenue from its operations in India.

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