Marine Electricals (India) (NSE:MARINE) Receivables Turnover : 0.67 (As of Dec. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Marine Electricals (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. Marine Electricals (India)'s Revenue for the three months ended in Dec. 2024 was ₹1,938 Mil. Marine Electricals (India)'s average Accounts Receivable for the three months ended in Dec. 2024 was ₹2,908 Mil. Hence, Marine Electricals (India)'s Receivables Turnover for the three months ended in Dec. 2024 was 0.67.

Marine Electricals (India) Receivables Turnover Historical Data

The historical data trend for Marine Electricals (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.

* Premium members only.

Marine Electricals (India) Receivables Turnover Chart

Marine Electricals (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

1.50

1.46

2.18

2.22

2.29

Marine Electricals (India) Quarterly Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															0.64	0.75	0.44	0.63	0.67

Competitive Comparison of Marine Electricals (India)'s Receivables Turnover

For the Marine Shipping subindustry, Marine Electricals (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.

Marine Electricals (India)'s Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Marine Electricals (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Marine Electricals (India)'s Receivables Turnover falls into.

Save Embed

;

Save Embed

;

Marine Electricals (India) Receivables Turnover Calculation

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

Marine Electricals (India)'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 )
=	6217.224	/ (	(2260.927	+	3170.265)	/	2 )
=	6217.224	/	2715.596
=	2.29

Marine Electricals (India)'s Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1937.955	/ (	(2908.003	+	0)	/	1 )
=	1937.955	/	2908.003
=	0.67

Marine Electricals (India) (NSE:MARINE) 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.

Marine Electricals (India) Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Marine Electricals (India)'s Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Marine Electricals (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marine Electricals (India) Ltd (NSE:MARINE) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Marol Industrial Area, B/1, Udyog Sadan No. 3, MIDC, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.marineelectricals.com

Marine Electricals (India) Ltd is engaged in providing integrated electrical and automation solutions. It is engaged in the manufacturing and sale of all types of marine and industrial electrical and electronic components like switch-gears, marine motors, control-gears, monitoring and control systems, etc., and is also engaged in the renewable energy sector specifically solar. The company also provides services like designing, fabricating, etc. for all types of electrical and electronic installations and undertakes annual maintenance contracts. Its segments are; Marine and Industry. The Marine segment which generates maximum revenue provides products and services of navigational equipment, and others in new shipbuilding. Geographically, it derives key revenue from India.

Marine Electricals (India) Headlines

No Headlines