Pattech Fitwell Tube Components (NSE:PATTECH) Receivables Turnover : 1.82 (As of Sep. 2024)

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What is Pattech Fitwell Tube Components 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. Pattech Fitwell Tube Components's Revenue for the six months ended in Sep. 2024 was ₹243.2 Mil. Pattech Fitwell Tube Components's average Accounts Receivable for the six months ended in Sep. 2024 was ₹133.6 Mil. Hence, Pattech Fitwell Tube Components's Receivables Turnover for the six months ended in Sep. 2024 was 1.82.

Pattech Fitwell Tube Components Receivables Turnover Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components Receivables Turnover Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

126.19

115.16

106.72

4.61

4.39

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	2.56	1.66	1.82

Competitive Comparison of Pattech Fitwell Tube Components's Receivables Turnover

For the Steel subindustry, Pattech Fitwell Tube Components'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.

Pattech Fitwell Tube Components's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Pattech Fitwell Tube Components's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pattech Fitwell Tube Components's Receivables Turnover falls into.

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Pattech Fitwell Tube Components Receivables Turnover Calculation

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

Pattech Fitwell Tube Components'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 )
=	374.329	/ (	(46.927	+	123.719)	/	2 )
=	374.329	/	85.323
=	4.39

Pattech Fitwell Tube Components'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 )
=	243.233	/ (	(123.719	+	143.49)	/	2 )
=	243.233	/	133.6045
=	1.82

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components Receivables Turnover Related Terms

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Pattech Fitwell Tube Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No:1, National Highway 08, Near GETCO 66 KV Substation G.I.D.C POR NH-8, Survey No.873/B/1, Anson Limbani Estate, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical and pharmaceutical, food processing, oil and gas, desalination and water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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