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Borosil Renewables (NSE:BORORENEW) Receivables Turnover : 2.35 (As of Sep. 2024)


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What is Borosil Renewables 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. Borosil Renewables's Revenue for the three months ended in Sep. 2024 was ₹3,724 Mil. Borosil Renewables's average Accounts Receivable for the three months ended in Sep. 2024 was ₹1,586 Mil. Hence, Borosil Renewables's Receivables Turnover for the three months ended in Sep. 2024 was 2.35.


Borosil Renewables Receivables Turnover Historical Data

The historical data trend for Borosil Renewables'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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Borosil Renewables Receivables Turnover Chart

Borosil Renewables 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 8.19 8.86 9.73 11.66 12.62

Borosil Renewables 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 2.37 1.94 2.25 3.03 2.35

Competitive Comparison of Borosil Renewables's Receivables Turnover

For the Building Materials subindustry, Borosil Renewables'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.


Borosil Renewables's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Borosil Renewables's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Borosil Renewables's Receivables Turnover falls into.



Borosil Renewables Receivables Turnover Calculation

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

Borosil Renewables'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 )
=13625.07 / ((932.964 + 1225.729) / 2 )
=13625.07 / 1079.3465
=12.62

Borosil Renewables'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 )
=3724.203 / ((0 + 1585.5) / 1 )
=3724.203 / 1585.5
=2.35

* 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.


Borosil Renewables  (NSE:BORORENEW) 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.


Borosil Renewables Receivables Turnover Related Terms

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Borosil Renewables Business Description

Traded in Other Exchanges
Address
No. 1101, Crescenzo, G-Block, Bandra Kurla Complex, Opposite MCA Club, Bandra (East), Mumbai, MH, IND, 400051
Borosil Renewables Ltd is an Indian holding company engaged in manufacturing glass. The company is engaged in manufacturing Low Iron textured Solar Glass for application in Photovoltaic panels, Flat plate collectors, and Greenhouses. The operating segment of the company is the Manufacture of Flat glass. The company serves both domestic as well as international markets. The majority of the company's revenue is generated within India.

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