Sharp Chucks and Machines (NSE:SCML) Receivables Turnover : 5.63 (As of Mar. 2023)

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What is Sharp Chucks and Machines 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. Sharp Chucks and Machines's Revenue for the six months ended in Mar. 2023 was ₹1,764 Mil. Sharp Chucks and Machines's average Accounts Receivable for the six months ended in Mar. 2023 was ₹313 Mil. Hence, Sharp Chucks and Machines's Receivables Turnover for the six months ended in Mar. 2023 was 5.63.

Sharp Chucks and Machines Receivables Turnover Historical Data

The historical data trend for Sharp Chucks and Machines'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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Sharp Chucks and Machines Receivables Turnover Chart

Sharp Chucks and Machines Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

6.35

5.53

5.63

Sharp Chucks and Machines Semi-Annual Data
	Mar21	Mar22	Mar23
Receivables Turnover	6.35	5.53	5.63

Competitive Comparison of Sharp Chucks and Machines's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Sharp Chucks and Machines'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.

Sharp Chucks and Machines's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sharp Chucks and Machines's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sharp Chucks and Machines's Receivables Turnover falls into.

Sharp Chucks and Machines Receivables Turnover Calculation

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

Sharp Chucks and Machines'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 )
=	1764.497	/ (	(335.92	+	291.007)	/	2 )
=	1764.497	/	313.4635
=	5.63

Sharp Chucks and Machines'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 )
=	1764.497	/ (	(335.92	+	291.007)	/	2 )
=	1764.497	/	313.4635
=	5.63

Sharp Chucks and Machines (NSE:SCML) 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.

Sharp Chucks and Machines Receivables Turnover Related Terms

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Sharp Chucks and Machines (NSE:SCML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sharp Chucks and Machines Ltd (NSE:SCML) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-12, Industrial Development Colony, Jalandhar, PB, IND, 144012

Website

https://www.sharpchucks.com

Sharp Chucks and Machines Ltd is engaged in manufacturing forging products, casting products and machined components, that finds application in diverse industry, such as tractor, automobiles, material handling & earth moving equipment, railways, defense, machine tools, DIY industry, etc.

Sharp Chucks and Machines (NSE:SCML) Headlines

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