Sona Machinery (NSE:SONAMAC) Receivables Turnover : 12.32 (As of Mar. 2024)

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What is Sona Machinery 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 Machinery's Revenue for the six months ended in Mar. 2024 was ₹953.0 Mil. Sona Machinery's average Accounts Receivable for the six months ended in Mar. 2024 was ₹77.4 Mil. Hence, Sona Machinery's Receivables Turnover for the six months ended in Mar. 2024 was 12.32.

Sona Machinery Receivables Turnover Historical Data

The historical data trend for Sona Machinery'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 Machinery Receivables Turnover Chart

Sona Machinery Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

5.29

16.07

15.66

12.32

Sona Machinery Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Receivables Turnover	5.29	16.07	15.66	12.32

Competitive Comparison of Sona Machinery's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Sona Machinery'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 Machinery's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Sona Machinery's Receivables Turnover falls into.

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Sona Machinery Receivables Turnover Calculation

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

Sona Machinery'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 )
=	952.971	/ (	(59.405	+	95.316)	/	2 )
=	952.971	/	77.3605
=	12.32

Sona Machinery'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: Mar. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	952.971	/ (	(59.405	+	95.316)	/	2 )
=	952.971	/	77.3605
=	12.32

Sona Machinery (NSE:SONAMAC) 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 Machinery Receivables Turnover Related Terms

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Sona Machinery Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sona Machinery Ltd (NSE:SONAMAC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot F-16 & C-1, Sector: A-3 Tronica City, Industrial Area, Loni, Ghaziabad, UP, IND, 201102

Website

https://www.sonamachinery.com

Sona Machinery Ltd is a diversified agro-processing equipment manufacturer company. It manufactures equipment for the processing of rice, pulses, wheat, spices, Barnyard Millet, etc. The company product portfolio includes Grains Pre Cleaner machines, Rotary Drum Cleaner, Vibro Classifiers, Stone Separator Machines, Paddy De-Husker, Husk Aspirator, Rice Thick/Thin Grader, Rice Whitener, Silky Polisher, Multi Grader, Length Grader, Belt Conveyer, Bucket Elevator, etc. along with the complete projects for rice mills and ethanol distilleries. Its services encompass engineering, erection, supervision, and machine commissioning, delivering a comprehensive end-to-end solution for the milling section which includes grain unloading and milling solution upto pre-masher for ethanol distilleries, etc.

Sona Machinery Headlines

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