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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. Thejo Engineering's Revenue for the
three
months ended in Mar. 2026 was ₹1,812 Mil. Thejo Engineering's average Accounts Receivable for the
three
months ended in Mar. 2026 was ₹1,734 Mil.
Hence, Thejo Engineering's Receivables Turnover for the
three
months ended in Mar. 2026 was 1.04.
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.
Thejo Engineering Receivables Turnover Related Terms
Thejo Engineering Receivables Turnover Historical Data
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The historical data trend for Thejo Engineering'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.
NSE:THEJO vs GEV, ETN, PH: Receivables Turnover Comparison
For the Specialty Industrial Machinery subindustry, Thejo Engineering'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.
Thejo Engineering Receivables Turnover vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thejo Engineering's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Thejo Engineering's Receivables Turnover falls into.
* 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.
Thejo Engineering (NSE:THEJO) has a Receivables Turnover of 1.04 as of Mar. 2026. The accounts 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. View historical data on Thejo Engineering and its competitors. According to the industry distribution chart, Thejo Engineering ranks #1631 out of 3032 companies in the Industrial Products industry, placing it in the top 53.8%.
Is Thejo Engineering's Receivables Turnover too high?
Thejo Engineering's current Receivables Turnover is 1.04. The Industrial Products industry median Receivables Turnover is 4.49. Thejo Engineering's value of 1.04 is 76.8% below this industry median. Based on the distribution chart, Thejo Engineering ranks #1631 out of 3032 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Thejo Engineering has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thejo Engineering's Receivables Turnover compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Thejo Engineering ranks #1631 out of 3032 companies for Receivables Turnover. This places Thejo Engineering in the lower half of its industry. The industry median Receivables Turnover is 4.49. Thejo Engineering's value of 1.04 is 76.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for an Industrial Products company?
The median Receivables Turnover among Industrial Products companies is 4.49, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thejo Engineering's current Receivables Turnover of 1.04 is 76.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Thejo Engineering and its competitors. For the Industrial Products industry, the median Receivables Turnover is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thejo Engineering's current Receivables Turnover is 1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thejo Engineering stock overvalued right now?
Based on GuruFocus' analysis, Thejo Engineering (NSE:THEJO) is currently considered Fairly Valued. The stock's GF Value™ is ₹2,275.15, compared to a current price of ₹2,072.60 — trading 8.9% below its estimated fair value. The current Receivables Turnover is 1.04 and 76.8% below the Industrial Products industry median of 4.49. Thejo Engineering's overall GF Score™ is 92/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Thejo Engineering (NSE:THEJO), the current Receivables Turnover is 1.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Thejo Engineering (NSE:THEJO) Overvalued in 2026?
Based on GuruFocus' analysis, Thejo Engineering stock appears to be undervalued.
The current stock price of ₹2,072.60 is trading 8.9% below its estimated GF Value™ of ₹2,275.15.
GuruFocus considers Thejo Engineering to be Fairly Valued.
Key valuation signals for NSE:THEJO:
Receivables Turnover: 1.04
GF Value™: ₹2,275.15 vs. price of ₹2,072.60 (8.9% below fair value)
Industry Position: 76.8% below the Industrial Products median (#1631 of 3032)
No single metric tells the full story. See the NSE:THEJO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thejo Engineering Ltd is an India-based company. It is an engineering solutions provider for Bulk Material Handling, Mineral Processing, and Corrosion Protection. The company's operating segment includes Manufacturing units, Service Units, and Others. It generates maximum revenue from the Service units segment. The company serves a sector like mining, power, steel, metals, cement, ports, and fertilizers. Geographically, it derives a majority of revenue from India. Its product categories include conveyor care, dust suppression, transfer point solutions, flow promotion, abrasion and wear protection, filtration, screening solution, and others.
92GF Score
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