Mangalam Alloys (NSE:MAL) Receivables Turnover : 1.75 (As of Sep. 2024)

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What is Mangalam Alloys 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. Mangalam Alloys's Revenue for the six months ended in Sep. 2024 was ₹1,976 Mil. Mangalam Alloys's average Accounts Receivable for the six months ended in Sep. 2024 was ₹1,132 Mil. Hence, Mangalam Alloys's Receivables Turnover for the six months ended in Sep. 2024 was 1.75.

Mangalam Alloys Receivables Turnover Historical Data

The historical data trend for Mangalam Alloys'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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Mangalam Alloys Receivables Turnover Chart

Mangalam Alloys Annual Data

Trend

Mar16

Mar17

Mar18

Mar23

Mar24

Receivables Turnover

4.13

4.40

5.89

4.03

3.38

Mangalam Alloys Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			2.94	-	1.54	1.84	1.75

Competitive Comparison of Mangalam Alloys's Receivables Turnover

For the Steel subindustry, Mangalam Alloys'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.

Mangalam Alloys's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mangalam Alloys's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mangalam Alloys's Receivables Turnover falls into.

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Mangalam Alloys Receivables Turnover Calculation

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

Mangalam Alloys'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 )
=	3039.369	/ (	(911.402	+	888.872)	/	2 )
=	3039.369	/	900.137
=	3.38

Mangalam Alloys'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 )
=	1975.88	/ (	(888.872	+	1374.476)	/	2 )
=	1975.88	/	1131.674
=	1.75

Mangalam Alloys (NSE:MAL) 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.

Mangalam Alloys Receivables Turnover Related Terms

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Mangalam Alloys Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mangalam Alloys Ltd (NSE:MAL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

GIDC Phase 3, Plot No. 3123-3126, Chattral, Gandhinagar, GJ, IND, 382729

Website

https://www.mangalamalloys.com

Mangalam Alloys Ltd is in the steel manufacturing industry. It is a stainless steel melting unit. Its products include Forging Ingots, Billets, Black Round Bar, Bright Round Bar, Angle Bars, Fasteners, Etc. It operates in one segment manufacturing stainless steel and higher alloy products segment.

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