Technocraft Industries (India) (NSE:TIIL) Receivables Turnover : 1.29 (As of Dec. 2024)

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What is Technocraft Industries (India) 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. Technocraft Industries (India)'s Revenue for the three months ended in Dec. 2024 was ₹6,443 Mil. Technocraft Industries (India)'s average Accounts Receivable for the three months ended in Dec. 2024 was ₹5,006 Mil. Hence, Technocraft Industries (India)'s Receivables Turnover for the three months ended in Dec. 2024 was 1.29.

Technocraft Industries (India) Receivables Turnover Historical Data

The historical data trend for Technocraft Industries (India)'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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Technocraft Industries (India) Receivables Turnover Chart

Technocraft Industries (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.78

3.55

4.48

4.24

4.72

Technocraft Industries (India) Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.07	1.04	1.37	1.26	1.29

Competitive Comparison of Technocraft Industries (India)'s Receivables Turnover

For the Tools & Accessories subindustry, Technocraft Industries (India)'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.

Technocraft Industries (India)'s Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Technocraft Industries (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Technocraft Industries (India)'s Receivables Turnover falls into.

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Technocraft Industries (India) Receivables Turnover Calculation

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

Technocraft Industries (India)'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 )
=	20614.033	/ (	(4196.182	+	4539.377)	/	2 )
=	20614.033	/	4367.7795
=	4.72

Technocraft Industries (India)'s Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	6443.338	/ (	(5006.035	+	0)	/	1 )
=	6443.338	/	5006.035
=	1.29

Technocraft Industries (India) (NSE:TIIL) 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.

Technocraft Industries (India) Receivables Turnover Related Terms

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Technocraft Industries (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Technocraft Industries (India) Ltd (NSE:TIIL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

532804:India

Address

Road No. 3, Technocraft House, A-25, MIDC Industrial Estate, Andheri (East), Mumbai, MH, IND, 400093

Website

https://www.technocraftgroup.com

Technocraft Industries (India) Ltd is an India-based company engaged in drum closures, scaffolding, engineering, and textile businesses. It offers various products, including steel plated drum closures, stainless steel drum closures, steel lacquer drum closures, nylon plugs; knitted and crocheted cotton fabrics, tubes, and scaffolding. The company's segments include Drum Closures, Scaffoldings, Engineering and Design, Yarn, Fabric, and Others. Maximum revenue is derived from its scaffolding division. Geographically, the company caters to both Indian and international markets of which, maximum revenue is derived from its customers located outside India.

Technocraft Industries (India) Headlines

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