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Sterlite Technologies (NSE:STLTECH) Receivables Turnover : 0.76 (As of Jun. 2024)


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What is Sterlite Technologies 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. Sterlite Technologies's Revenue for the three months ended in Jun. 2024 was ₹12,180 Mil. Sterlite Technologies's average Accounts Receivable for the three months ended in Jun. 2024 was ₹15,980 Mil. Hence, Sterlite Technologies's Receivables Turnover for the three months ended in Jun. 2024 was 0.76.


Sterlite Technologies Receivables Turnover Historical Data

The historical data trend for Sterlite Technologies'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.

Sterlite Technologies Receivables Turnover Chart

Sterlite Technologies 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 3.48 3.17 3.39 3.85 3.15

Sterlite Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 0.84 0.94 0.83 0.66 0.76

Competitive Comparison of Sterlite Technologies's Receivables Turnover

For the Communication Equipment subindustry, Sterlite Technologies'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.


Sterlite Technologies's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sterlite Technologies's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sterlite Technologies's Receivables Turnover falls into.



Sterlite Technologies Receivables Turnover Calculation

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

Sterlite Technologies'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 )
=53950 / ((18220 + 15980) / 2 )
=53950 / 17100
=3.15

Sterlite Technologies's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=12180 / ((15980 + 0) / 1 )
=12180 / 15980
=0.76

* 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.


Sterlite Technologies  (NSE:STLTECH) 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.


Sterlite Technologies Receivables Turnover Related Terms

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Sterlite Technologies Business Description

Traded in Other Exchanges
Address
Koregaon Road 9, STS 12/1, 4th Floor, Godrej Millennium, Pune, MH, IND, 411 001
Sterlite Technologies Ltd is an Indian-based company engaged in the business of Connectivity and Network Solutions. Its products and solutions mainly include integrated optical fiber, copper telecom cables, structured data cables, access equipment, fiber connectivity and system integration solution offerings for telecom networks, OSS/ BSS solutions, billing and bandwidth management solutions for organizations, and others. Its segments include Optical networking business (ONB), Global service business (GSB) and Digital and technology solutions (Digital). The company offers its services within India and in the International market.

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