Sona BLW Precision Forgings (NSE:SONACOMS) Receivables Turnover : 1.21 (As of Mar. 2024)

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What is Sona BLW Precision Forgings 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. Sona BLW Precision Forgings's Revenue for the three months ended in Mar. 2024 was ₹7,813 Mil. Sona BLW Precision Forgings's average Accounts Receivable for the three months ended in Mar. 2024 was ₹6,483 Mil. Hence, Sona BLW Precision Forgings's Receivables Turnover for the three months ended in Mar. 2024 was 1.21.

Sona BLW Precision Forgings Receivables Turnover Historical Data

The historical data trend for Sona BLW Precision Forgings'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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Sona BLW Precision Forgings Receivables Turnover Chart

Sona BLW Precision Forgings Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.96

4.59

4.89

4.87

4.90

Sona BLW Precision Forgings Quarterly Data
	Mar19	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													1.08	1.20	1.16	1.16	1.21

Competitive Comparison of Sona BLW Precision Forgings's Receivables Turnover

For the Auto Parts subindustry, Sona BLW Precision Forgings'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.

Sona BLW Precision Forgings's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sona BLW Precision Forgings's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sona BLW Precision Forgings's Receivables Turnover falls into.

Sona BLW Precision Forgings Receivables Turnover Calculation

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

Sona BLW Precision Forgings'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 )
=	30819.49	/ (	(6088.52	+	6482.63)	/	2 )
=	30819.49	/	6285.575
=	4.90

Sona BLW Precision Forgings'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 )
=	7813.04	/ (	(0	+	6482.63)	/	1 )
=	7813.04	/	6482.63
=	1.21

Sona BLW Precision Forgings (NSE:SONACOMS) 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.

Sona BLW Precision Forgings Receivables Turnover Related Terms

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Sona BLW Precision Forgings (NSE:SONACOMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sona BLW Precision Forgings Ltd (NSE:SONACOMS) » Definitions » Receivables Turnover

Traded in Other Exchanges

543300:India

Address

Sona Enclave, Sector 35, Post box No. 90, Village Begumpur Khatola, Gurugram, HR, IND, 122 004

Website

https://www.sonacomstar.com

Sona BLW Precision Forgings Ltd is an automotive technology company in India. It is primarily engaged in designing, manufacturing, and supplying of precision forged bevel gears and differential case assemblies, conventional and micro-hybrid starter motors, EV traction motors for automotive and other applications. The Company's operating business is organised and managed according to a single primary reportable business segment namely Automotive Components. Geographically, it derives a majority of revenue from Outside India.

Sona BLW Precision Forgings (NSE:SONACOMS) Headlines

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