Fedders Electric and Engineering (NSE:FEDDERELEC) Receivables Turnover : 0.98 (As of Mar. 2024)

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What is Fedders Electric and Engineering 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. Fedders Electric and Engineering's Revenue for the three months ended in Mar. 2024 was ₹1,396 Mil. Fedders Electric and Engineering's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,427 Mil. Hence, Fedders Electric and Engineering's Receivables Turnover for the three months ended in Mar. 2024 was 0.98.

Fedders Electric and Engineering Receivables Turnover Historical Data

The historical data trend for Fedders Electric and Engineering'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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Fedders Electric and Engineering Receivables Turnover Chart

Fedders Electric and Engineering Annual Data

Trend

Jun15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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0.57

0.16

0.67

2.25

5.08

Fedders Electric and Engineering Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.87	1.16	1.35	2.05	0.98

Competitive Comparison of Fedders Electric and Engineering's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Fedders Electric and Engineering'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.

Fedders Electric and Engineering's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fedders Electric and Engineering's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Fedders Electric and Engineering's Receivables Turnover falls into.

Fedders Electric and Engineering Receivables Turnover Calculation

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

Fedders Electric and Engineering'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 )
=	5244.9	/ (	(636.3	+	1426.9)	/	2 )
=	5244.9	/	1031.6
=	5.08

Fedders Electric and Engineering'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 )
=	1395.7	/ (	(0	+	1426.9)	/	1 )
=	1395.7	/	1426.9
=	0.98

Fedders Electric and Engineering (NSE:FEDDERELEC) 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.

Fedders Electric and Engineering Receivables Turnover Related Terms

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Fedders Electric and Engineering (NSE:FEDDERELEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fedders Electric and Engineering Ltd (NSE:FEDDERELEC) » Definitions » Receivables Turnover

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Traded in Other Exchanges

N/A

Address

C-4, Noida Phase-II, Gautam Buddh Nagar, Noida, UP, IND, 201305

Website

http://www.fedderselectric.com

Fedders Electric and Engineering Ltd is engaged in the fabrication of steel structures and implementation of high power transmission lines in India and internationally. It operates through three segments: Environmental Control Systems, Steel Structures and Engineering, and Power Transmission and Distribution and Overhead Electrification. The company's products are classified into Transport Products Division and Railways, Defense and Telecom AC Products Division.

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