SP Refractories (NSE:SPRL) Receivables Turnover : 2.27 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is SP Refractories 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. SP Refractories's Revenue for the six months ended in Sep. 2023 was ₹139.4 Mil. SP Refractories's average Accounts Receivable for the six months ended in Sep. 2023 was ₹61.4 Mil. Hence, SP Refractories's Receivables Turnover for the six months ended in Sep. 2023 was 2.27.

SP Refractories Receivables Turnover Historical Data

The historical data trend for SP Refractories'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.

* Premium members only.

SP Refractories Receivables Turnover Chart

SP Refractories Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

4.62

4.94

4.50

4.84

4.48

SP Refractories Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial			2.14	2.70	2.39	2.06	2.27

Competitive Comparison of SP Refractories's Receivables Turnover

For the Building Materials subindustry, SP Refractories'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.

SP Refractories's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, SP Refractories's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SP Refractories's Receivables Turnover falls into.

SP Refractories Receivables Turnover Calculation

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

SP Refractories's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	272.361	/ (	(60.576	+	60.919)	/	2 )
=	272.361	/	60.7475
=	4.48

SP Refractories's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	139.352	/ (	(60.919	+	61.814)	/	2 )
=	139.352	/	61.3665
=	2.27

SP Refractories (NSE:SPRL) 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.

SP Refractories Receivables Turnover Related Terms

Thank you for viewing the detailed overview of SP Refractories's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

SP Refractories (NSE:SPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » SP Refractories Ltd (NSE:SPRL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Hingna Road, M-10, M-11/1 & M-11/2, MIDC Industrial Area, Nagpur, MH, IND, 440016

Website

https://www.sprefractories.com

SP Refractories Ltd is engaged in manufacturing and supplying refractory material made using hydrated lime, calcined alumina, and other raw materials. The Company is involved in single segment of manufacturing and supplying of high quality refractory material. Its core focus is on refractory cement which is a niche and high-margin cement widely used in iron and steel and construction industries because of its thermal conductivity, maximum strength, and heat resistance.

SP Refractories (NSE:SPRL) Headlines

No Headlines