V-Marc India (NSE:VMARCIND) Receivables Turnover : 2.53 (As of Sep. 2024)

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What is V-Marc 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. V-Marc India's Revenue for the six months ended in Sep. 2024 was ₹3,452 Mil. V-Marc India's average Accounts Receivable for the six months ended in Sep. 2024 was ₹1,363 Mil. Hence, V-Marc India's Receivables Turnover for the six months ended in Sep. 2024 was 2.53.

V-Marc India Receivables Turnover Historical Data

The historical data trend for V-Marc 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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V-Marc India Receivables Turnover Chart

V-Marc India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.03

3.79

3.58

4.04

5.65

V-Marc India Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial							1.88	2.37	2.59	3.50	2.53

Competitive Comparison of V-Marc India's Receivables Turnover

For the Electrical Equipment & Parts subindustry, V-Marc 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.

V-Marc India's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, V-Marc India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where V-Marc India's Receivables Turnover falls into.

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V-Marc India Receivables Turnover Calculation

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

V-Marc 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 )
=	5647.293	/ (	(560.686	+	1438.79)	/	2 )
=	5647.293	/	999.738
=	5.65

V-Marc India's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	3452.114	/ (	(1438.79	+	1286.212)	/	2 )
=	3452.114	/	1362.501
=	2.53

V-Marc India (NSE:VMARCIND) 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.

V-Marc India Receivables Turnover Related Terms

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V-Marc India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » V-Marc India Ltd (NSE:VMARCIND) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Plot No. 3, 4, 18, 20A, Sector IIDC, SIDCUL, Haridwar, UT, IND, 249403

Website

https://www.v-marc.com

V-Marc India Ltd is engaged in the business of manufacturing and marketing wires and cables under the brand name of V-Marc. The company manufactures and sells a diversified range of wires and cables such as single & multistrand cables, LAN cables, coaxial cables, CCTV cables, telephone switchboard cables, power cables, core flat cables, solar cables, aerial bunched cables, and others. It is a Specialised Control and instrumentation cable company offering a wide range of cable products to multiple industries. Geographically, it operates in India.

V-Marc India Headlines

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