Triveni Turbine (NSE:TRITURBINE) Receivables Turnover : 2.57 (As of Mar. 2024)

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What is Triveni Turbine 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. Triveni Turbine's Revenue for the three months ended in Mar. 2024 was ₹4,581 Mil. Triveni Turbine's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,781 Mil. Hence, Triveni Turbine's Receivables Turnover for the three months ended in Mar. 2024 was 2.57.

Triveni Turbine Receivables Turnover Historical Data

The historical data trend for Triveni Turbine'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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Triveni Turbine Receivables Turnover Chart

Triveni Turbine Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.34

6.82

9.38

10.81

10.76

Triveni Turbine Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															2.86	2.91	2.61	2.91	2.57

Competitive Comparison of Triveni Turbine's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Triveni Turbine'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.

Triveni Turbine's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Triveni Turbine's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Triveni Turbine's Receivables Turnover falls into.

Triveni Turbine Receivables Turnover Calculation

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

Triveni Turbine'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 )
=	16539.4	/ (	(1292.8	+	1780.9)	/	2 )
=	16539.4	/	1536.85
=	10.76

Triveni Turbine's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	4580.5	/ (	(0	+	1780.9)	/	1 )
=	4580.5	/	1780.9
=	2.57

Triveni Turbine (NSE:TRITURBINE) 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.

Triveni Turbine Receivables Turnover Related Terms

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Triveni Turbine (NSE:TRITURBINE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Triveni Turbine Ltd (NSE:TRITURBINE) » Definitions » Receivables Turnover

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533655:India

Address

Express Trade Towers, 8th Floor, 15-16, Sector 16A, Noida, UP, IND, 201301

Website

https://www.triveniturbines.com

Triveni Turbine Ltd is an India-based company that supplies power-generating equipment and solutions. The company offers back-pressure and condensing steam turbines, related spare parts, and aftermarket services. In addition, the company owns a partial stake in GE Triveni Limited, a joint venture cofounded by General Electric and Triveni Turbine. This joint venture offers a portfolio of steam turbine products in the global industrial power-generation market. Triveni Turbine's products are used in sectors including sugar, distillery, palm oil, independent power producers, and textiles. The company generates the majority of its sales from the Indian domestic market.

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