Swastik Pipe (NSE:SWASTIK) Receivables Turnover : 4.53 (As of Mar. 2023)

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What is Swastik Pipe 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. Swastik Pipe's Revenue for the six months ended in Mar. 2023 was ₹7,036 Mil. Swastik Pipe's average Accounts Receivable for the six months ended in Mar. 2023 was ₹1,552 Mil. Hence, Swastik Pipe's Receivables Turnover for the six months ended in Mar. 2023 was 4.53.

Swastik Pipe Receivables Turnover Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Receivables Turnover Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

5.30

3.84

4.12

4.53

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	5.30	3.84	4.12	4.53

Competitive Comparison of Swastik Pipe's Receivables Turnover

For the Steel subindustry, Swastik Pipe'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.

Swastik Pipe's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Swastik Pipe's Receivables Turnover falls into.

Swastik Pipe Receivables Turnover Calculation

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

Swastik Pipe'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 )
=	7035.883	/ (	(1462.746	+	1641.701)	/	2 )
=	7035.883	/	1552.2235
=	4.53

Swastik Pipe's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	7035.883	/ (	(1462.746	+	1641.701)	/	2 )
=	7035.883	/	1552.2235
=	4.53

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe Receivables Turnover Related Terms

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Swastik Pipe (NSE:SWASTIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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