Jainam Ferro Alloys (I) (NSE:JAINAM) Receivables Turnover : 6.12 (As of Sep. 2024)

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What is Jainam Ferro Alloys (I) 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. Jainam Ferro Alloys (I)'s Revenue for the six months ended in Sep. 2024 was ₹1,145 Mil. Jainam Ferro Alloys (I)'s average Accounts Receivable for the six months ended in Sep. 2024 was ₹187 Mil. Hence, Jainam Ferro Alloys (I)'s Receivables Turnover for the six months ended in Sep. 2024 was 6.12.

Jainam Ferro Alloys (I) Receivables Turnover Historical Data

The historical data trend for Jainam Ferro Alloys (I)'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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Jainam Ferro Alloys (I) Receivables Turnover Chart

Jainam Ferro Alloys (I) Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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20.56

15.09

26.30

20.96

10.53

Jainam Ferro Alloys (I) Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial					19.71	7.69	8.18	6.18	6.12

Competitive Comparison of Jainam Ferro Alloys (I)'s Receivables Turnover

For the Steel subindustry, Jainam Ferro Alloys (I)'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.

Jainam Ferro Alloys (I)'s Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jainam Ferro Alloys (I)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jainam Ferro Alloys (I)'s Receivables Turnover falls into.

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Jainam Ferro Alloys (I) Receivables Turnover Calculation

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

Jainam Ferro Alloys (I)'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 )
=	1898.967	/ (	(154.966	+	205.576)	/	2 )
=	1898.967	/	180.271
=	10.53

Jainam Ferro Alloys (I)'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 )
=	1144.964	/ (	(205.576	+	168.387)	/	2 )
=	1144.964	/	186.9815
=	6.12

Jainam Ferro Alloys (I) (NSE:JAINAM) 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.

Jainam Ferro Alloys (I) Receivables Turnover Related Terms

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Jainam Ferro Alloys (I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jainam Ferro Alloys (I) Ltd (NSE:JAINAM) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Urla Industrial Area, Sector-C, Plot No. 103 to 113 & 130 to 136/A & 137, Birgaon, Raipur, CT, IND, 492003

Website

https://www.jainamferro.com

Jainam Ferro Alloys (I) Ltd is engaged in the manufacturing of two types of Ferro Alloys - Ferro Manganese and Silico manganese, largely used in the Steel industry. Ferro silicon, ferro silicon oxide, ferro silicon, ferro silicon, and ferro chrome are among the company's products. The company also generates revenue from trading activities of manganese ore, used as a raw material in the manufacturing of Ferro alloys. It sells products within India.

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