JK Cement (NSE:JKCEMENT) Receivables Turnover : 5.48 (As of Mar. 2024)

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What is JK Cement 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. JK Cement's Revenue for the three months ended in Mar. 2024 was ₹31,058 Mil. JK Cement's average Accounts Receivable for the three months ended in Mar. 2024 was ₹5,663 Mil. Hence, JK Cement's Receivables Turnover for the three months ended in Mar. 2024 was 5.48.

JK Cement Receivables Turnover Historical Data

The historical data trend for JK Cement'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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JK Cement Receivables Turnover Chart

JK Cement Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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28.56

25.74

19.89

21.44

22.09

JK Cement 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															5.79	5.75	4.27	4.55	5.48

Competitive Comparison of JK Cement's Receivables Turnover

For the Building Materials subindustry, JK Cement'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.

JK Cement's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Cement's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where JK Cement's Receivables Turnover falls into.

JK Cement Receivables Turnover Calculation

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

JK Cement'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 )
=	115560	/ (	(4800.754	+	5663.2)	/	2 )
=	115560	/	5231.977
=	22.09

JK Cement'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 )
=	31057.651	/ (	(0	+	5663.2)	/	1 )
=	31057.651	/	5663.2
=	5.48

JK Cement (NSE:JKCEMENT) 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.

JK Cement Receivables Turnover Related Terms

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JK Cement (NSE:JKCEMENT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Cement Ltd (NSE:JKCEMENT) » Definitions » Receivables Turnover

Traded in Other Exchanges

532644:India

Address

Gurgaon-Faridabad Road, 5th Floor, Prism Tower, Gwal Pahari, Gurgaon, HR, IND, 122102

Website

https://www.jkcement.com

JK Cement Ltd is a building materials holding company. The company manufactures cement and cement-related products that primarily consist of grey and white cement. JK Cement's grey cement includes both Portland Pozzolana Cement (PPC) and Ordinary Portland Cement (OPC). The white cement offerings include JK White Cement, as well as cement-based JK Wall Putty, JK Waterproof, and JK Primaxx. JK Cement's wall putty is used as a plaster for walls and ceilings, while JK Waterproof is a water-repellent powder. It has one Reportable Segment for the Company which is "Cement," The company generates the vast majority of its revenue in India.

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