ISGEC Heavy Engineering (NSE:ISGEC) Receivables Turnover : 0.58 (As of Dec. 2024)

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What is ISGEC Heavy 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. ISGEC Heavy Engineering's Revenue for the three months ended in Dec. 2024 was ₹14,967 Mil. ISGEC Heavy Engineering's average Accounts Receivable for the three months ended in Dec. 2024 was ₹25,757 Mil. Hence, ISGEC Heavy Engineering's Receivables Turnover for the three months ended in Dec. 2024 was 0.58.

ISGEC Heavy Engineering Receivables Turnover Historical Data

The historical data trend for ISGEC Heavy 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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ISGEC Heavy Engineering Receivables Turnover Chart

ISGEC Heavy Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.10

2.66

2.56

2.54

2.15

ISGEC Heavy Engineering Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.58	0.62	0.53	0.64	0.58

Competitive Comparison of ISGEC Heavy Engineering's Receivables Turnover

For the Specialty Industrial Machinery subindustry, ISGEC Heavy 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.

ISGEC Heavy Engineering's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where ISGEC Heavy Engineering's Receivables Turnover falls into.

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ISGEC Heavy Engineering Receivables Turnover Calculation

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

ISGEC Heavy 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 )
=	61669.933	/ (	(28195.05	+	29286.862)	/	2 )
=	61669.933	/	28740.956
=	2.15

ISGEC Heavy Engineering's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	14966.6	/ (	(25757.3	+	0)	/	1 )
=	14966.6	/	25757.3
=	0.58

ISGEC Heavy Engineering (NSE:ISGEC) 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.

ISGEC Heavy Engineering Receivables Turnover Related Terms

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ISGEC Heavy Engineering Business Description

Industry

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533033:India

Address

A-4, Sector 24, Noida, UP, IND, 201301

Website

https://www.isgec.com

ISGEC Heavy Engineering Ltd is an India-based company that provides diversified engineering products and services. The company is divided into two segments. The Manufacturing of Machinery & Equipment segment generates revenue based on orders for process plant equipment, presses, castings, boiler components, and liquified gas containers. The Engineering, Procurement & Construction segment which derives maximum revenue, generates it based on contract manufacturing and execution of projects for setting up sugar plants, power plants, boilers, buildings, factories, and others. The company earns the larger part of its revenue in India and the rest from international markets through countries like Nigeria, Vietnam, Morocco, Bangladesh, and others.

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