Deem Roll Tech (NSE:DEEM) Receivables Turnover : 2.46 (As of Mar. 2024)

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What is Deem Roll Tech 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. Deem Roll Tech's Revenue for the six months ended in Mar. 2024 was ₹508 Mil. Deem Roll Tech's average Accounts Receivable for the six months ended in Mar. 2024 was ₹206 Mil. Hence, Deem Roll Tech's Receivables Turnover for the six months ended in Mar. 2024 was 2.46.

Deem Roll Tech Receivables Turnover Historical Data

The historical data trend for Deem Roll Tech'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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Deem Roll Tech Receivables Turnover Chart

Deem Roll Tech Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

5.04

6.46

5.90

4.71

Deem Roll Tech Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Receivables Turnover	-	-	-	2.71	2.46

Competitive Comparison of Deem Roll Tech's Receivables Turnover

For the Steel subindustry, Deem Roll Tech'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.

Deem Roll Tech's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Deem Roll Tech's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Deem Roll Tech's Receivables Turnover falls into.

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Deem Roll Tech Receivables Turnover Calculation

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

Deem Roll Tech'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 )
=	1008.328	/ (	(192.65	+	235.535)	/	2 )
=	1008.328	/	214.0925
=	4.71

Deem Roll Tech'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	507.55	/ (	(177.138	+	235.535)	/	2 )
=	507.55	/	206.3365
=	2.46

Deem Roll Tech (NSE:DEEM) 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.

Deem Roll Tech Receivables Turnover Related Terms

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Deem Roll Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Deem Roll Tech Ltd (NSE:DEEM) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

C-3/301, S.G. Highway, Anushruti Apartment, Nr. Jain Mandir, Opp New York Tower, Ahmedabad, GJ, IND, 380054

Website

https://www.deemrolls.com

Deem Roll Tech Ltd is a manufacturers of high-quality steel and alloy Rolls in India. The company comprises three fully integrated factories with machine shops, foundries and heat treatment plants. The company's products include S.G Iron or Ductile Iron Roll, Indefinite Chill Alloy Cast Iron, Alloy Steel Base, Double Poured Alloy Indefinite Chil, HSS Rolls, Spheroidal Graphite Iron Rolls, etc. The company generates the majority of its revenue from sales in Gujarat, followed by Kolkata.

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