Wendt (India) (NSE:WENDT) Receivables Turnover : 1.36 (As of Sep. 2024)

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What is Wendt (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. Wendt (India)'s Revenue for the three months ended in Sep. 2024 was ₹551 Mil. Wendt (India)'s average Accounts Receivable for the three months ended in Sep. 2024 was ₹406 Mil. Hence, Wendt (India)'s Receivables Turnover for the three months ended in Sep. 2024 was 1.36.

Wendt (India) Receivables Turnover Historical Data

The historical data trend for Wendt (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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Wendt (India) Receivables Turnover Chart

Wendt (India) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.99

4.36

5.01

5.56

4.79

Wendt (India) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.21	1.30	1.30	0.91	1.36

Competitive Comparison of Wendt (India)'s Receivables Turnover

For the Tools & Accessories subindustry, Wendt (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.

Wendt (India)'s Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wendt (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Wendt (India)'s Receivables Turnover falls into.

Wendt (India) Receivables Turnover Calculation

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

Wendt (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 )
=	2248.2	/ (	(403	+	535.2)	/	2 )
=	2248.2	/	469.1
=	4.79

Wendt (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: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	550.9	/ (	(0	+	405.7)	/	1 )
=	550.9	/	405.7
=	1.36

Wendt (India) (NSE:WENDT) 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.

Wendt (India) Receivables Turnover Related Terms

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Wendt (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wendt (India) Ltd (NSE:WENDT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

505412:India

Address

No. 69/70, SIPCOT Industrial Complex, Hosur, TN, IND, 635126

Website

https://www.wendtindia.com

Wendt (India) Ltd is a manufacturer of super abrasives, grinding, honing and special purpose machines and components. It also offers products, which include vitrified products for the auto component, dressing rolls for bearing and certain other automotive applications, electroplated products for engineering and gear and brazed diamond products for the paint industry. It is organised into three business segments, namely Super Abrasives, Machines and Accessories, and Precision Products. It generates the majority of the revenue from the Super Abrasives segment.

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