MEP Infrastructure Developers (NSE:MEP) Receivables Turnover : 0.84 (As of Dec. 2023)

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What is MEP Infrastructure Developers 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. MEP Infrastructure Developers's Revenue for the three months ended in Dec. 2023 was ₹186.5 Mil. MEP Infrastructure Developers's average Accounts Receivable for the three months ended in Dec. 2023 was ₹222.3 Mil. Hence, MEP Infrastructure Developers's Receivables Turnover for the three months ended in Dec. 2023 was 0.84.

MEP Infrastructure Developers Receivables Turnover Historical Data

The historical data trend for MEP Infrastructure Developers'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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MEP Infrastructure Developers Receivables Turnover Chart

MEP Infrastructure Developers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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33.33

33.59

20.81

27.49

21.20

MEP Infrastructure Developers Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															0.37	0.52	0.31	0.60	0.84

Competitive Comparison of MEP Infrastructure Developers's Receivables Turnover

For the Infrastructure Operations subindustry, MEP Infrastructure Developers'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.

MEP Infrastructure Developers's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, MEP Infrastructure Developers's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where MEP Infrastructure Developers's Receivables Turnover falls into.

MEP Infrastructure Developers Receivables Turnover Calculation

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

MEP Infrastructure Developers'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 )
=	2445.57	/ (	(24.56	+	206.179)	/	2 )
=	2445.57	/	115.3695
=	21.20

MEP Infrastructure Developers's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	186.485	/ (	(222.319	+	0)	/	1 )
=	186.485	/	222.319
=	0.84

MEP Infrastructure Developers (NSE:MEP) 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.

MEP Infrastructure Developers Receivables Turnover Related Terms

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MEP Infrastructure Developers (NSE:MEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » MEP Infrastructure Developers Ltd (NSE:MEP) » Definitions » Receivables Turnover

Traded in Other Exchanges

539126:India

Address

Hindu Colony, Sir Bhalchandra Road, 2102, Floor-21st, Plot-62, Kesar Equinox, Dadar (East), Mumbai, MH, IND, 400014

Website

https://www.mepinfra.com

MEP Infrastructure Developers Ltd is an India based infrastructure company. It is engaged in the business activities of road construction, operation, maintenance and toll collection. The group operates in the business segments of Toll collection, Operation and Maintenance; and Construction. It generates maximum revenue from Toll collection, and repairs and maintenance segment. The company provides toll management service and assists its clients in addressing the complexities of implementation and operation of toll systems. The organization also helps in the installation of electronic toll and cash collection systems, communication networks, and intelligent transportation systems. The principally operates in India.

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