Teerth Gopicon (NSE:TGL) Receivables Turnover : 1.72 (As of Sep. 2024)

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What is Teerth Gopicon 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. Teerth Gopicon's Revenue for the six months ended in Sep. 2024 was ₹680 Mil. Teerth Gopicon's average Accounts Receivable for the six months ended in Sep. 2024 was ₹395 Mil. Hence, Teerth Gopicon's Receivables Turnover for the six months ended in Sep. 2024 was 1.72.

Teerth Gopicon Receivables Turnover Historical Data

The historical data trend for Teerth Gopicon'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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Teerth Gopicon Receivables Turnover Chart

Teerth Gopicon Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

3.69

1.90

1.98

4.01

Teerth Gopicon Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial			-	-	2.38	2.96	1.72

Competitive Comparison of Teerth Gopicon's Receivables Turnover

For the Engineering & Construction subindustry, Teerth Gopicon'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.

Teerth Gopicon's Receivables Turnover Distribution in the Construction Industry

For the Construction industry and Industrials sector, Teerth Gopicon's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Teerth Gopicon's Receivables Turnover falls into.

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Teerth Gopicon Receivables Turnover Calculation

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

Teerth Gopicon'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 )
=	1049.2	/ (	(190.6	+	332.8)	/	2 )
=	1049.2	/	261.7
=	4.01

Teerth Gopicon's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	680	/ (	(332.8	+	456.3)	/	2 )
=	680	/	394.55
=	1.72

Teerth Gopicon (NSE:TGL) 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.

Teerth Gopicon Receivables Turnover Related Terms

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Teerth Gopicon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Teerth Gopicon Ltd (NSE:TGL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

204 Amar Metro, Near BalniketanSangh Pagnis Paga, Pagnispaga, Indore, MP, IND, 452007

Website

https://www.teerthgopicon.com

Teerth Gopicon Ltd is engaged in engineering construction and development, mainly focusing on roads, sewerage, and water distribution projects in Madhya Pradesh. The company provides civil engineering projects such as building construction work, water supply, pipeline, sewerage network, sewerage treatment plant, nalla tapping work, reuse network, overhead tanks, GSR, Road work, Rejuvenation of Lake, etc. Its projects are MVS Sanaudha Saga, Ladies Hostel Karai, DB Project MP, and others.