VL Infraprojects (NSE:VLINFRA) Receivables Turnover : 3.57 (As of Mar. 2024)

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What is VL Infraprojects 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. VL Infraprojects's Revenue for the six months ended in Mar. 2024 was ₹627 Mil. VL Infraprojects's average Accounts Receivable for the six months ended in Mar. 2024 was ₹176 Mil. Hence, VL Infraprojects's Receivables Turnover for the six months ended in Mar. 2024 was 3.57.

VL Infraprojects Receivables Turnover Historical Data

The historical data trend for VL Infraprojects'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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VL Infraprojects Receivables Turnover Chart

VL Infraprojects Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

5.34

6.48

7.06

9.41

VL Infraprojects Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Receivables Turnover	-	-	-	3.93	3.57

Competitive Comparison of VL Infraprojects's Receivables Turnover

For the Engineering & Construction subindustry, VL Infraprojects'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.

VL Infraprojects's Receivables Turnover Distribution in the Construction Industry

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

* The bar in red indicates where VL Infraprojects's Receivables Turnover falls into.

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VL Infraprojects Receivables Turnover Calculation

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

VL Infraprojects'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 )
=	1139.316	/ (	(75.848	+	166.341)	/	2 )
=	1139.316	/	121.0945
=	9.41

VL Infraprojects'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	626.909	/ (	(184.866	+	166.341)	/	2 )
=	626.909	/	175.6035
=	3.57

VL Infraprojects (NSE:VLINFRA) 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.

VL Infraprojects Receivables Turnover Related Terms

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VL Infraprojects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » VL Infraprojects Ltd (NSE:VLINFRA) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Vakil saheb Bridge Bopal, Office at 716, Shivalik Satyamev, Ahmedabad, GJ, IND, 380058

Website

https://www.vlil.in

VL Infraprojects Ltd provides designing, construction, and commissioning of various types of government projects especially in water infrastructure and irrigation segment. It is engaged in executing water supply and sewerage infrastructure projects mainly involving the procurement of pipes and their laying, joining, and commissioning with backward integration including all allied civil engineering works like construction of civil work, pumping stations and installation of electro-mechanical equipment's (pumping machinery) for distribution of water supply from the river to household. The company also provide operations & maintenance services for water distribution pipelines.

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