KRN Heat Exchanger and Refrigeration (NSE:KRN) Receivables Turnover : 3.12 (As of Mar. 2024)

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What is KRN Heat Exchanger and Refrigeration 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. KRN Heat Exchanger and Refrigeration's Revenue for the six months ended in Mar. 2024 was ₹1,476 Mil. KRN Heat Exchanger and Refrigeration's average Accounts Receivable for the six months ended in Mar. 2024 was ₹474 Mil. Hence, KRN Heat Exchanger and Refrigeration's Receivables Turnover for the six months ended in Mar. 2024 was 3.12.

KRN Heat Exchanger and Refrigeration Receivables Turnover Historical Data

The historical data trend for KRN Heat Exchanger and Refrigeration'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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KRN Heat Exchanger and Refrigeration Receivables Turnover Chart

KRN Heat Exchanger and Refrigeration Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

4.33

6.59

7.23

6.76

KRN Heat Exchanger and Refrigeration Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Receivables Turnover	-	-	-	3.97	3.12

Competitive Comparison of KRN Heat Exchanger and Refrigeration's Receivables Turnover

For the Electronic Components subindustry, KRN Heat Exchanger and Refrigeration'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.

KRN Heat Exchanger and Refrigeration's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, KRN Heat Exchanger and Refrigeration's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where KRN Heat Exchanger and Refrigeration's Receivables Turnover falls into.

KRN Heat Exchanger and Refrigeration Receivables Turnover Calculation

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

KRN Heat Exchanger and Refrigeration'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 )
=	3081.187	/ (	(386.583	+	524.441)	/	2 )
=	3081.187	/	455.512
=	6.76

KRN Heat Exchanger and Refrigeration'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	1476.407	/ (	(422.811	+	524.441)	/	2 )
=	1476.407	/	473.626
=	3.12

KRN Heat Exchanger and Refrigeration (NSE:KRN) 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.

KRN Heat Exchanger and Refrigeration Receivables Turnover Related Terms

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KRN Heat Exchanger and Refrigeration Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » KRN Heat Exchanger and Refrigeration Ltd (NSE:KRN) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

544263:India

Address

Plot No. F-46,47,48,49, EPIP, RIICO Industrial Area, Neemrana, Alwar, RJ, IND, 301705

Website

https://www.krnheatexchanger.com

KRN Heat Exchanger and Refrigeration Ltd manufacture fin and tube-type heat exchangers for the Heat Ventilation Air Conditioning and Refrigeration Industry. Heat exchangers manufactured by the company are made of non-ferrous metals, Copper and Aluminium. Its product range includes condenser coils, evaporator units, evaporator coils, header/copper parts, fluid and steam coils and sheet metal parts. The diameter of the heat exchanger tubes it produces ranges from 5MM to 15.88 MM. The company's products are well suited for a wide range of air conditioning, heating and ventilation, refrigeration and process cooling applications.

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