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Shyam Century Ferrous (NSE:SHYAMCENT) Receivables Turnover : 2.39 (As of Mar. 2024)


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What is Shyam Century Ferrous 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. Shyam Century Ferrous's Revenue for the three months ended in Mar. 2024 was ₹408 Mil. Shyam Century Ferrous's average Accounts Receivable for the three months ended in Mar. 2024 was ₹171 Mil. Hence, Shyam Century Ferrous's Receivables Turnover for the three months ended in Mar. 2024 was 2.39.


Shyam Century Ferrous Receivables Turnover Historical Data

The historical data trend for Shyam Century Ferrous'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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Shyam Century Ferrous Receivables Turnover Chart

Shyam Century Ferrous Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.63 4.22 5.91 5.68 8.44

Shyam Century Ferrous Quarterly Data
Jun19 Sep19 Dec19 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.23 2.48 4.00 4.78 2.39

Competitive Comparison of Shyam Century Ferrous's Receivables Turnover

For the Steel subindustry, Shyam Century Ferrous'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.


Shyam Century Ferrous's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shyam Century Ferrous's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shyam Century Ferrous's Receivables Turnover falls into.



Shyam Century Ferrous Receivables Turnover Calculation

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

Shyam Century Ferrous'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 )
=1380.93 / ((156.765 + 170.638) / 2 )
=1380.93 / 163.7015
=8.44

Shyam Century Ferrous'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 )
=407.682 / ((0 + 170.638) / 1 )
=407.682 / 170.638
=2.39

* 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.


Shyam Century Ferrous  (NSE:SHYAMCENT) 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.


Shyam Century Ferrous Receivables Turnover Related Terms

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Shyam Century Ferrous (NSE:SHYAMCENT) Business Description

Traded in Other Exchanges
Address
P-15/1, Taratala Main Road, 2nd Floor, Century House, CPT Colony, Taratala, Kolkata, WB, IND, 700088
Shyam Century Ferrous Ltd is involved in the steel business sector. The company is engaged in the manufacture and sale of Ferro Silicon, Silico Manganese, power, and other ferroalloys. Ferro-silicon is one of the prime raw ingredients of Stainless steel and small quantities in Mild Steel i.e. MS steel. Its business segments include Ferro Alloy which manufactures ferrous and Power which generates power, out of which the Ferro Alloy segment generates the maximum revenue for the company. The company only caters to the Indian market.

Shyam Century Ferrous (NSE:SHYAMCENT) Headlines

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