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Tunwal E-Motors (NSE:TUNWAL) Receivables Turnover : 24.49 (As of Mar. 2024)


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What is Tunwal E-Motors 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. Tunwal E-Motors's Revenue for the six months ended in Mar. 2024 was ₹1,046 Mil. Tunwal E-Motors's average Accounts Receivable for the six months ended in Mar. 2024 was ₹43 Mil. Hence, Tunwal E-Motors's Receivables Turnover for the six months ended in Mar. 2024 was 24.49.

Tunwal E-Motors Receivables Turnover Historical Data

The historical data trend for Tunwal E-Motors'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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Tunwal E-Motors Receivables Turnover Chart

Tunwal E-Motors Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Receivables Turnover
15.21 147.12 22.71 24.49

Tunwal E-Motors Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Receivables Turnover 15.21 147.12 22.71 24.49

Competitive Comparison of Tunwal E-Motors's Receivables Turnover

For the Auto Manufacturers subindustry, Tunwal E-Motors'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.

Tunwal E-Motors's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tunwal E-Motors's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tunwal E-Motors's Receivables Turnover falls into.


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Tunwal E-Motors Receivables Turnover Calculation

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

Tunwal E-Motors'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 )
=1046.007 / ((57.956 + 27.461) / 2 )
=1046.007 / 42.7085
=24.49

Tunwal E-Motors'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: Mar. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1046.007 / ((57.956 + 27.461) / 2 )
=1046.007 / 42.7085
=24.49

* 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.

Tunwal E-Motors  (NSE:TUNWAL) 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.

Tunwal E-Motors Receivables Turnover Related Terms

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Tunwal E-Motors Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tunwal E-Motors Ltd (NSE:TUNWAL) » Definitions » Receivables Turnover
Comparable Companies
BOM:538970 BOM:500500 TSLA TSE:7203 SZSE:002594 MIL:RACE XTER:MBG XTER:VOW3 XTER:BMW XTER:P911 GM TSE:7267 NSE:MARUTI NSE:M&M F XKRX:005380 NSE:TATAMOTORS SHSE:601127 MIL:STLAM BOM:532977
Traded in Other Exchanges
N/A
Address
Rama Icon Commercial Building, Office No 501, 5th Floor, S.No 24/2, C.T.S No. 2164, Plot No. 31/11 Sadashiv Peth, Pune, MH, IND, 411030
Website
https://www.tunwal.com
Tunwal E-Motors Ltd is engaged in the design, development, manufacturing, and distribution of electric two-wheelers. It has 23 models including various variants of two-wheelers. The company's products include Mini Sports 63 - 48V, Mini Lithino, Storm Zx, Lithino Li, ROMA, ALFA PRO, etc.

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