Shivam Cements (XNEP:SHIVM) Receivables Turnover : 1.23 (As of Oct. 2024)

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What is Shivam Cements 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. Shivam Cements's Revenue for the three months ended in Oct. 2024 was NPR1,406 Mil. Shivam Cements's average Accounts Receivable for the three months ended in Oct. 2024 was NPR1,142 Mil. Hence, Shivam Cements's Receivables Turnover for the three months ended in Oct. 2024 was 1.23.

Shivam Cements Receivables Turnover Historical Data

The historical data trend for Shivam Cements'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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Shivam Cements Receivables Turnover Chart

Shivam Cements Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Receivables Turnover

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4.58

4.96

5.40

5.05

6.13

Shivam Cements Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Receivables Turnover	Get a 7-Day Free Trial															1.05	1.07	1.34	1.17	1.23

Competitive Comparison of Shivam Cements's Receivables Turnover

For the Building Materials subindustry, Shivam Cements'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.

Shivam Cements's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Shivam Cements's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shivam Cements's Receivables Turnover falls into.

Shivam Cements Receivables Turnover Calculation

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

Shivam Cements's Receivables Turnover for the fiscal year that ended in Jul. 2024 is calculated as

	Receivables Turnover (A: Jul. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jul. 2024 )	/ (	(Accounts Receivable (A: Jul. 2023 )	+	Accounts Receivable (A: Jul. 2024 ))	/	count )
=	7732.69	/ (	(1423.138	+	1100.466)	/	2 )
=	7732.69	/	1261.802
=	6.13

Shivam Cements's Receivables Turnover for the quarter that ended in Oct. 2024 is calculated as

	Receivables Turnover (Q: Oct. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Oct. 2024 )	/ (	(Accounts Receivable (Q: Jul. 2024 )	+	Accounts Receivable (Q: Oct. 2024 ))	/	count )
=	1406.381	/ (	(1100.466	+	1183.443)	/	2 )
=	1406.381	/	1141.9545
=	1.23

Shivam Cements (XNEP:SHIVM) 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.

Shivam Cements Receivables Turnover Related Terms

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Shivam Cements Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shivam Cements Ltd (XNEP:SHIVM) » Definitions » Receivables Turnover

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Address

Siddhartha Insurance Bhawan, 2nd Floor, GPO Box 13478, Anamnagar, Kathmandu, NPL

Website

https://www.shivamcement.com.np

Shivam Cements Ltd is a Nepal based company engaged in manufacturing of cement and clinker from its self owned limestone quarries. The main product of the company include the Ordinary Portland Cement.

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