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Servotech Power Systems (NSE:EQSERVOTECH) Receivables Turnover : 1.58 (As of Mar. 2024)


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What is Servotech Power Systems 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. Servotech Power Systems's Revenue for the three months ended in Mar. 2024 was ₹1,362 Mil. Servotech Power Systems's average Accounts Receivable for the three months ended in Mar. 2024 was ₹864 Mil. Hence, Servotech Power Systems's Receivables Turnover for the three months ended in Mar. 2024 was 1.58.


Servotech Power Systems Receivables Turnover Historical Data

The historical data trend for Servotech Power Systems'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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Servotech Power Systems Receivables Turnover Chart

Servotech Power Systems 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 2.10 2.08 4.22 4.92 4.11

Servotech Power Systems Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.40 0.93 0.97 0.58 1.58

Competitive Comparison of Servotech Power Systems's Receivables Turnover

For the Electrical Equipment & Parts subindustry, Servotech Power Systems'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.


Servotech Power Systems's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Servotech Power Systems's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Servotech Power Systems's Receivables Turnover falls into.



Servotech Power Systems Receivables Turnover Calculation

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

Servotech Power Systems'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 )
=3536.835 / ((855.607 + 864.231) / 2 )
=3536.835 / 859.919
=4.11

Servotech Power Systems'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: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1361.743 / ((0 + 864.231) / 1 )
=1361.743 / 864.231
=1.58

* 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.


Servotech Power Systems  (NSE:EQSERVOTECH) 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.


Servotech Power Systems Receivables Turnover Related Terms

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Servotech Power Systems (NSE:EQSERVOTECH) Business Description

Traded in Other Exchanges
N/A
Address
806, 8th Floor, Crown Heights, Sector 10, Rohini, Hotel Charted Accountants Crown Plaza, New Delhi, IND, 110085
Servotech Power Systems Ltd is an Indian company in the business line of manufacturing, trading and exporting LED, UPS, Solar Products & Flameproof LED Lights. The firm is engaged in the production, development, and marketing of both indoor and outdoor LED lighting products, solar products and Ultraviolet C products. The product portfolio of the company includes LED tube lights and bulbs, street lights, floodlights, canopy lights, yard lights, FLP tubes, hoarding lights, system controllers, UPS, solar charge controllers, solar rooftops, UV Disinfection Lamp, UV Disinfection Handheld, UV Disinfection Truck, Sterilization Box, UVC RoboTruk and UVLEN based on far UVC technology and others. Substantial revenue is derived from domestic sales.

Servotech Power Systems (NSE:EQSERVOTECH) Headlines

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