De Neers Tools (NSE:DENEERS) Receivables Turnover : 1.59 (As of Sep. 2024)

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What is De Neers Tools 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. De Neers Tools's Revenue for the six months ended in Sep. 2024 was ₹695 Mil. De Neers Tools's average Accounts Receivable for the six months ended in Sep. 2024 was ₹437 Mil. Hence, De Neers Tools's Receivables Turnover for the six months ended in Sep. 2024 was 1.59.

De Neers Tools Receivables Turnover Historical Data

The historical data trend for De Neers Tools'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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De Neers Tools Receivables Turnover Chart

De Neers Tools Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

1.83

1.77

2.44

2.78

3.08

De Neers Tools Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	1.77	1.34	1.59

Competitive Comparison of De Neers Tools's Receivables Turnover

For the Tools & Accessories subindustry, De Neers Tools'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.

De Neers Tools's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, De Neers Tools's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where De Neers Tools's Receivables Turnover falls into.

De Neers Tools Receivables Turnover Calculation

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

De Neers Tools'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 )
=	1097.976	/ (	(335.978	+	377.395)	/	2 )
=	1097.976	/	356.6865
=	3.08

De Neers Tools'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: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	694.607	/ (	(377.395	+	495.997)	/	2 )
=	694.607	/	436.696
=	1.59

De Neers Tools (NSE:DENEERS) 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.

De Neers Tools Receivables Turnover Related Terms

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De Neers Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » De Neers Tools Ltd (NSE:DENEERS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Plot No. 468, Ground Floor, Industrial Area, Patparganj, Delhi, IND, 110092

Website

https://www.deneerstools.com

De Neers Tools Ltd is a hand tools suppliers in India. The company aims to provide hand tools of the utmost quality that are worth Its customers' money. It continuously works on innovation and research to develop products that can bring a kind of revolution in the hand tool industry. Its products includes Spanners, Wrenches, Pliers, Cutters, Allen keys, Hammers, sockets, Screw Drivers, Tool Kits, Tool Cabinets, Trolleys, etc. It is also specialized in providing Safety Tools like Non-Sparking Tools, Insulated Steel Tools, Non-Sparking Insulated Tools, Stainless Steel Anti-magnetic Tools, and Titanium Tools, with other range of hand tools. The company is predominantly engaged in wholesale trading of hardware & tools which constitutes a single business segment.

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