DCG Cables & Wires (NSE:DCG) Receivables Turnover : 5.69 (As of Mar. 2023)

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What is DCG Cables & Wires 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. DCG Cables & Wires's Revenue for the six months ended in Mar. 2023 was ₹545.2 Mil. DCG Cables & Wires's average Accounts Receivable for the six months ended in Mar. 2023 was ₹95.8 Mil. Hence, DCG Cables & Wires's Receivables Turnover for the six months ended in Mar. 2023 was 5.69.

DCG Cables & Wires Receivables Turnover Historical Data

The historical data trend for DCG Cables & Wires'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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DCG Cables & Wires Receivables Turnover Chart

DCG Cables & Wires Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

13.91

8.62

5.69

DCG Cables & Wires Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	13.91	8.62	5.69

Competitive Comparison of DCG Cables & Wires's Receivables Turnover

For the Electrical Equipment & Parts subindustry, DCG Cables & Wires'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.

DCG Cables & Wires's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, DCG Cables & Wires's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where DCG Cables & Wires's Receivables Turnover falls into.

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DCG Cables & Wires Receivables Turnover Calculation

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

DCG Cables & Wires's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	545.247	/ (	(53.759	+	137.914)	/	2 )
=	545.247	/	95.8365
=	5.69

DCG Cables & Wires's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Accounts Receivable
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	545.247	/ (	(53.759	+	137.914)	/	2 )
=	545.247	/	95.8365
=	5.69

DCG Cables & Wires (NSE:DCG) 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.

DCG Cables & Wires Receivables Turnover Related Terms

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DCG Cables & Wires Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DCG Cables & Wires Ltd (NSE:DCG) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Agresen Estate, Unit 1, 622/15+16/12, Chhotalal Ni Chawli, Odhav, Ahmedabad, GJ, IND, 382415

Website

https://www.dcgcableswiresltd.com

DCG Cables & Wires Ltd is a manufacturer of copper cables and wires. It focus is on manufacturing of different types of copper cables which finds application in Transformers that consists of Copper Strips, Paper Covered Copper Strips and Wires (Kraft/Crepe/Nomex/Mica) Bare Copper Wires and Strips, Copper Tapes and Fiber Glass Copper. It also provide paper-covered copper conductors in both rectangular and round shapes, as well as multi-paper-covered copper conductors and connection cables designed specifically for transformers.

DCG Cables & Wires Headlines

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