Sharda Motor Industries (NSE:SHARDAMOTR) Receivables Turnover : 2.82 (As of Dec. 2024)

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What is Sharda Motor 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. Sharda Motor Industries's Revenue for the three months ended in Dec. 2024 was ₹6,900 Mil. Sharda Motor Industries's average Accounts Receivable for the three months ended in Dec. 2024 was ₹2,444 Mil. Hence, Sharda Motor Industries's Receivables Turnover for the three months ended in Dec. 2024 was 2.82.

Sharda Motor Industries Receivables Turnover Historical Data

The historical data trend for Sharda Motor 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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Sharda Motor Industries Receivables Turnover Chart

Sharda Motor Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.89

7.84

7.44

8.80

9.96

Sharda Motor Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.35	2.98	3.02	2.91	2.82

Competitive Comparison of Sharda Motor Industries's Receivables Turnover

For the Auto Parts subindustry, Sharda Motor 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.

Sharda Motor Industries's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sharda Motor Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sharda Motor Industries's Receivables Turnover falls into.

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Sharda Motor Industries Receivables Turnover Calculation

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

Sharda Motor 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 )
=	27823.751	/ (	(3314.759	+	2271.569)	/	2 )
=	27823.751	/	2793.164
=	9.96

Sharda Motor Industries'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 )
=	6899.947	/ (	(2444.431	+	0)	/	1 )
=	6899.947	/	2444.431
=	2.82

Sharda Motor Industries (NSE:SHARDAMOTR) 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.

Sharda Motor Industries Receivables Turnover Related Terms

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Sharda Motor Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sharda Motor Industries Ltd (NSE:SHARDAMOTR) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

535602:India

Address

D-188, Okhla Industrial Area, Phase - I, New Delhi, IND, 110020

Website

https://www.shardamotor.com

Sharda Motor Industries Ltd is engaged in the manufacturing and assembly of auto components and white goods components. Its product portfolio includes exhaust systems, catalytic converters, suspension systems, sheet metal components, and plastic parts for the automotive and white goods industries. It operates in a single segment which is manufacturing and trading of auto component parts. Geographically, the company caters to both Indian and international markets and derives a majority of its revenue from its business in India.

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