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Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Receivables Turnover : 8.74 (As of Dec. 2023)


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What is Bangladesh Steel Re-Rolling Mills 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. Bangladesh Steel Re-Rolling Mills's Revenue for the three months ended in Dec. 2023 was BDT19,614 Mil. Bangladesh Steel Re-Rolling Mills's average Accounts Receivable for the three months ended in Dec. 2023 was BDT2,243 Mil. Hence, Bangladesh Steel Re-Rolling Mills's Receivables Turnover for the three months ended in Dec. 2023 was 8.74.


Bangladesh Steel Re-Rolling Mills Receivables Turnover Historical Data

The historical data trend for Bangladesh Steel Re-Rolling Mills'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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Bangladesh Steel Re-Rolling Mills Receivables Turnover Chart

Bangladesh Steel Re-Rolling Mills Annual Data
Trend Dec14 Dec15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.14 6.82 - 35.59 51.22

Bangladesh Steel Re-Rolling Mills 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 8.80 13.86 10.29 8.26 8.74

Competitive Comparison of Bangladesh Steel Re-Rolling Mills's Receivables Turnover

For the Steel subindustry, Bangladesh Steel Re-Rolling Mills'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.


Bangladesh Steel Re-Rolling Mills's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Bangladesh Steel Re-Rolling Mills's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bangladesh Steel Re-Rolling Mills's Receivables Turnover falls into.



Bangladesh Steel Re-Rolling Mills Receivables Turnover Calculation

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

Bangladesh Steel Re-Rolling Mills's Receivables Turnover for the fiscal year that ended in Jun. 2023 is calculated as

Receivables Turnover (A: Jun. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2023 ) / ((Accounts Receivable (A: Jun. 2022 ) + Accounts Receivable (A: Jun. 2023 )) / count )
=115061.642 / ((2246.363 + 0) / 1 )
=115061.642 / 2246.363
=51.22

Bangladesh Steel Re-Rolling Mills'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 )
=19613.506 / ((2460.869 + 2026.096) / 2 )
=19613.506 / 2243.4825
=8.74

* 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.


Bangladesh Steel Re-Rolling Mills  (DHA:BSRMLTD) 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.


Bangladesh Steel Re-Rolling Mills Receivables Turnover Related Terms

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Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Business Description

Traded in Other Exchanges
N/A
Address
1207/1099 Sadarghat Road, Ali Mansion, Chattogram, BGD, 4000
Bangladesh Steel Re-Rolling Mills Ltd is a Bangladesh-based steel manufacturing company. The company also deals in the sale of M.S. products like angle, channel, I Beam, H Beam, MS plate, and others. Its steel products are used inside Buildings, Bridges, and National Infrastructures. The company's products consists of XTREME 500W, XTREME 500W-STIRRUP, XTREME 500W-BEND CUT, MS SQUARE BAR, M.S ANGEL-MANUFACTURED, RIBBED WIRE ROD. The company generates the majority of its revenue from XTREME 500W sales.

Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Headlines

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