Vibhor Steel Tubes (NSE:VSTL) Receivables Turnover : 8.70 (As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Vibhor Steel Tubes 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. Vibhor Steel Tubes's Revenue for the six months ended in Mar. 2024 was ₹5,420 Mil. Vibhor Steel Tubes's average Accounts Receivable for the six months ended in Mar. 2024 was ₹623 Mil. Hence, Vibhor Steel Tubes's Receivables Turnover for the six months ended in Mar. 2024 was 8.70.

Vibhor Steel Tubes Receivables Turnover Historical Data

The historical data trend for Vibhor Steel Tubes'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.

* Premium members only.

Vibhor Steel Tubes Receivables Turnover Chart

Vibhor Steel Tubes Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

12.98

19.45

22.42

20.35

Vibhor Steel Tubes Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24
Receivables Turnover	-	-	-	8.28	8.70

Competitive Comparison of Vibhor Steel Tubes's Receivables Turnover

For the Steel subindustry, Vibhor Steel Tubes'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.

Vibhor Steel Tubes's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Vibhor Steel Tubes's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Vibhor Steel Tubes's Receivables Turnover falls into.

Vibhor Steel Tubes Receivables Turnover Calculation

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

Vibhor Steel Tubes'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 )
=	10722.409	/ (	(544.481	+	509.381)	/	2 )
=	10722.409	/	526.931
=	20.35

Vibhor Steel Tubes'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 )
=	5419.89	/ (	(735.911	+	509.381)	/	2 )
=	5419.89	/	622.646
=	8.70

Vibhor Steel Tubes (NSE:VSTL) 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.

Vibhor Steel Tubes Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Vibhor Steel Tubes's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Vibhor Steel Tubes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vibhor Steel Tubes Ltd (NSE:VSTL) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

544124:India

Address

Website

Vibhor Steel Tubes Ltd is a manufacturers and exporters of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, Cold rolled Steel (CR) Strips/ Coils. Steel pipes and tubes are used pipes for frames and shafts, steel pipes for bicycle frames, steel pipes for furniture, CDW pipes for shockers, steel pipes for various structural purposes, steel pipes for various engineering purposes etc.

Vibhor Steel Tubes Headlines

No Headlines