Synergy Green Industries (NSE:SGIL) Receivables Turnover : 2.39 (As of Mar. 2024)

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What is Synergy Green Industries 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. Synergy Green Industries's Revenue for the three months ended in Mar. 2024 was ₹823 Mil. Synergy Green Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹344 Mil. Hence, Synergy Green Industries's Receivables Turnover for the three months ended in Mar. 2024 was 2.39.

Synergy Green Industries Receivables Turnover Historical Data

The historical data trend for Synergy Green Industries'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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Synergy Green Industries Receivables Turnover Chart

Synergy Green Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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8.96

8.47

8.98

10.64

11.56

Synergy Green Industries Quarterly Data
	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.86	3.80	2.01	2.46	2.39

Competitive Comparison of Synergy Green Industries's Receivables Turnover

For the Metal Fabrication subindustry, Synergy Green Industries'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.

Synergy Green Industries's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Synergy Green Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Synergy Green Industries's Receivables Turnover falls into.

Synergy Green Industries Receivables Turnover Calculation

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

Synergy Green Industries'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 )
=	3263.097	/ (	(220.749	+	343.923)	/	2 )
=	3263.097	/	282.336
=	11.56

Synergy Green Industries's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	823.103	/ (	(0	+	343.923)	/	1 )
=	823.103	/	343.923
=	2.39

Synergy Green Industries (NSE:SGIL) 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.

Synergy Green Industries Receivables Turnover Related Terms

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Synergy Green Industries (NSE:SGIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Synergy Green Industries Ltd (NSE:SGIL) » Definitions » Receivables Turnover

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541929:India

Address

392, E Ward, Assembly Road, Shahupuri Post Box No. 201, Kolhapur, MH, IND, 416001

Website

https://www.synergygreenind.com

Synergy Green Industries Ltd is engaged in the business of foundry i.e. manufacturing of wind turbine casting and other large precision castings. The company generates maximum revenue from the sale of Windmill Castings. Products offered by the company include gearbox housing, hub, front wheel, main foundation, base frame, main axle, hollow shaft, DV- casing, diffuser, rear wheel, wedge, cannon tube, and others.

Synergy Green Industries (NSE:SGIL) Headlines

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