Maks Energy Solutions India (NSE:MAKS) Receivables Turnover : 2.57 (As of Mar. 2023)

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What is Maks Energy Solutions India 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. Maks Energy Solutions India's Revenue for the six months ended in Mar. 2023 was ₹443.3 Mil. Maks Energy Solutions India's average Accounts Receivable for the six months ended in Mar. 2023 was ₹172.8 Mil. Hence, Maks Energy Solutions India's Receivables Turnover for the six months ended in Mar. 2023 was 2.57.

Maks Energy Solutions India Receivables Turnover Historical Data

The historical data trend for Maks Energy Solutions India'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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Maks Energy Solutions India Receivables Turnover Chart

Maks Energy Solutions India Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

2.18

1.04

1.22

2.57

Maks Energy Solutions India Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	2.18	1.04	1.22	2.57

Competitive Comparison of Maks Energy Solutions India's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Maks Energy Solutions India'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.

Maks Energy Solutions India's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Maks Energy Solutions India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Maks Energy Solutions India's Receivables Turnover falls into.

Maks Energy Solutions India Receivables Turnover Calculation

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

Maks Energy Solutions India's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	443.296	/ (	(212.154	+	133.457)	/	2 )
=	443.296	/	172.8055
=	2.57

Maks Energy Solutions India's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	443.296	/ (	(212.154	+	133.457)	/	2 )
=	443.296	/	172.8055
=	2.57

Maks Energy Solutions India (NSE:MAKS) 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.

Maks Energy Solutions India Receivables Turnover Related Terms

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Maks Energy Solutions India (NSE:MAKS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maks Energy Solutions India Ltd (NSE:MAKS) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shubham Society, Showroom-1, 599/600 Rasta Peth, Near- Parsi Agyari, Pune, MH, IND, 411011

Website

https://www.maksgenerators.com

Maks Energy Solutions India Ltd is engaged in the business of trading, dealing, assembling, selling, installing, testing, and commissioning generator and Diesel Generator sets. The company's products include Tata generators, Cummins generators, Perkins generators, and Spare parts. The company also has dealers outside India in Europe, Latin America, the USA, Singapore, the Middle East, Africa, Thailand, Nepal, Sri Lanka, and many other countries.

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