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Raasi Refractories (BOM:502271) Receivables Turnover : 0.21 (As of Dec. 2023)


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What is Raasi Refractories 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. Raasi Refractories's Revenue for the three months ended in Dec. 2023 was ₹77.6 Mil. Raasi Refractories's average Accounts Receivable for the three months ended in Dec. 2023 was ₹374.2 Mil. Hence, Raasi Refractories's Receivables Turnover for the three months ended in Dec. 2023 was 0.21.


Raasi Refractories Receivables Turnover Historical Data

The historical data trend for Raasi Refractories'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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Raasi Refractories Receivables Turnover Chart

Raasi Refractories Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.59 2.49 1.59 3.60 2.07

Raasi Refractories Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.69 0.66 0.07 0.45 0.21

Competitive Comparison of Raasi Refractories's Receivables Turnover

For the Building Materials subindustry, Raasi Refractories'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.


Raasi Refractories's Receivables Turnover Distribution in the Building Materials Industry

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

* The bar in red indicates where Raasi Refractories's Receivables Turnover falls into.



Raasi Refractories Receivables Turnover Calculation

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

Raasi Refractories's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=590.652 / ((226.12 + 344.019) / 2 )
=590.652 / 285.0695
=2.07

Raasi Refractories's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=77.561 / ((374.172 + 0) / 1 )
=77.561 / 374.172
=0.21

* 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.


Raasi Refractories  (BOM:502271) 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.


Raasi Refractories Receivables Turnover Related Terms

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Raasi Refractories (BOM:502271) Business Description

Traded in Other Exchanges
N/A
Address
House No. 15-145/9, Kodandaram Nagar, Saroor Nagar, Near Sarada Talkies, Hyderabad, TG, IND, 500060
Raasi Refractories Ltd is engaged in the manufacture of refractory products in India. The company offers Standard as well as Special refractories products which include basic refractories such as magnesite, alumina spinel bricks, fire clay and high alumina, cold and hot face insulation bricks, ramming, stopper heads, and much more.

Raasi Refractories (BOM:502271) Headlines

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