HEC Infra Projects (NSE:HECPROJECT) Receivables Turnover : 0.57 (As of Sep. 2023)

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What is HEC Infra Projects 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. HEC Infra Projects's Revenue for the three months ended in Sep. 2023 was ₹152.7 Mil. HEC Infra Projects's average Accounts Receivable for the three months ended in Sep. 2023 was ₹268.7 Mil. Hence, HEC Infra Projects's Receivables Turnover for the three months ended in Sep. 2023 was 0.57.

HEC Infra Projects Receivables Turnover Historical Data

The historical data trend for HEC Infra Projects'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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HEC Infra Projects Receivables Turnover Chart

HEC Infra Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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1.33

1.28

1.47

1.69

3.14

HEC Infra Projects Quarterly Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.64	0.38	-	0.57	-

Competitive Comparison of HEC Infra Projects's Receivables Turnover

For the Engineering & Construction subindustry, HEC Infra Projects'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.

HEC Infra Projects's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, HEC Infra Projects's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where HEC Infra Projects's Receivables Turnover falls into.

HEC Infra Projects Receivables Turnover Calculation

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

HEC Infra Projects'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 )
=	737.895	/ (	(319.938	+	150.373)	/	2 )
=	737.895	/	235.1555
=	3.14

HEC Infra Projects's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	152.68	/ (	(319.938	+	217.451)	/	2 )
=	152.68	/	268.6945
=	0.57

HEC Infra Projects (NSE:HECPROJECT) 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.

HEC Infra Projects Receivables Turnover Related Terms

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HEC Infra Projects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HEC Infra Projects Ltd (NSE:HECPROJECT) » Definitions » Receivables Turnover

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Address

Sindhu Bhavan Road, Sigma 1 Corporate, Corporate House No. 6, Near Mahan Party Plot Cross Road, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.hecprojects.in

HEC Infra Projects Ltd is an Engineering, Procurement and Construction Company Contractor in the Electro-Mechanical and Instrumentation Projects. The company services include switchyards; overhead transmission; substations, underground cable lying; Industrial and commercial electrification, battery energy storage system and mini / micro grid Solar projects water pumping stations; solar park; rooftop solar; indoor and outdoor lighting; security; fire alarm systems and others. It serves Steel, Chemical, Cement, Refineries, Petrochemicals, Gas and Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Banks, Malls, Call Centers, Software Park; and other industries. It is engaged in the EPC Electro-Mechanical Project Business which is their only segment.

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