CMM Infraprojects (NSE:CMMIPL) Receivables Turnover: 2.78 (As of Mar. 2018)

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What is CMM Infraprojects Receivables Turnover?

CMM Infraprojects NSE:CMMIPL Receivables Turnover is 2.78 as of Mar. 2018.

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. CMM Infraprojects's Revenue for the six months ended in Mar. 2018 was ₹940 Mil. CMM Infraprojects's average Accounts Receivable for the six months ended in Mar. 2018 was ₹338 Mil. Hence, CMM Infraprojects's Receivables Turnover for the six months ended in Mar. 2018 was 2.78.


CMM Infraprojects  (NSE:CMMIPL) 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.


CMM Infraprojects Receivables Turnover Related Terms


CMM Infraprojects Receivables Turnover Historical Data

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The historical data trend for CMM Infraprojects'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.

CMM Infraprojects Receivables Turnover Chart

CMM Infraprojects Annual Data
Trend Mar17 Mar18
Receivables Turnover
8.51 6.67

CMM Infraprojects Semi-Annual Data
Mar17 Sep17 Mar18
Receivables Turnover 0.00 6.17 2.78

CMM Infraprojects Receivables Turnover Competitor Comparison

For the Engineering & Construction subindustry, CMM Infraprojects'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.


CMM Infraprojects Receivables Turnover vs Construction Industry

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

* The bar in red indicates where CMM Infraprojects's Receivables Turnover falls into.



CMM Infraprojects Receivables Turnover Calculation

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

CMM Infraprojects's Receivables Turnover for the fiscal year that ended in Mar. 2018 is calculated as

Receivables Turnover (A: Mar. 2018 )
=Revenue / Average Accounts Receivable
=Revenue (A: Mar. 2018 ) / ((Accounts Receivable (A: Mar. 2017 ) + Accounts Receivable (A: Mar. 2018 )) / count )
=2332.852 / ((237.244 + 462.192) / 2 )
=2332.852 / 349.718
=6.67

CMM Infraprojects's Receivables Turnover for the quarter that ended in Mar. 2018 is calculated as

Receivables Turnover (Q: Mar. 2018 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Mar. 2018 ) / ((Accounts Receivable (Q: Sep. 2017 ) + Accounts Receivable (Q: Mar. 2018 )) / count )
=940.376 / ((213.834 + 462.192) / 2 )
=940.376 / 338.013
=2.78

* 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.

Frequently Asked Questions Learn more about Receivables Turnover →
What does a Receivables Turnover of 2.78 mean?
CMM Infraprojects (NSE:CMMIPL) has a Receivables Turnover of 2.78 as of Mar. 2018. 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 CMM Infraprojects and its competitors.
Is CMM Infraprojects' Receivables Turnover too high?
CMM Infraprojects' current Receivables Turnover is 2.78. The Construction industry median Receivables Turnover is 4.78. CMM Infraprojects' value of 2.78 is 41.8% below this industry median.
How does CMM Infraprojects' Receivables Turnover compare to competitors?
CMM Infraprojects' Receivables Turnover of 2.78 can be compared against companies in the Construction industry. The industry median Receivables Turnover is 4.78. CMM Infraprojects' value of 2.78 is 41.8% below 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 Construction company?
The median Receivables Turnover among Construction companies is 4.78, based on 1,763 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. CMM Infraprojects's current Receivables Turnover of 2.78 is 41.8% below 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 CMM Infraprojects and its competitors. For the Construction industry, the median Receivables Turnover is 4.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CMM Infraprojects's current Receivables Turnover is 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CMM Infraprojects stock overvalued right now?
CMM Infraprojects (NSE:CMMIPL) has a current Receivables Turnover of 2.78. The current Receivables Turnover is 2.78 and 41.8% below the Construction industry median of 4.78. 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 CMM Infraprojects (NSE:CMMIPL), the current Receivables Turnover is 2.78 as of Mar. 2018. 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.

CMM Infraprojects Business Description

Address 108, Shalimar Corporate Centre, 8-B South Tukoganj, Indore, MP, IND, 452001
CMM Infraprojects Ltd is engaged in civil engineering activities. It is an engineering and construction contractor in the fields of constructing public housing, commercial complexes, public parks, corporate & IT offices, sewerage & irrigation projects and highways. It has construction projects across the nation.