IRCON International (NSE:IRCON) Receivables Turnover

: 3.42 (As of Dec. 2023)

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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. IRCON International's Revenue for the three months ended in Dec. 2023 was ₹28,842 Mil. IRCON International's average Accounts Receivable for the three months ended in Dec. 2023 was ₹8,431 Mil. Hence, IRCON International's Receivables Turnover for the three months ended in Dec. 2023 was 3.42.

IRCON International Receivables Turnover Historical Data

The historical data trend for IRCON International'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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IRCON International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

6.54

8.83

9.02

11.10

13.27

IRCON International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover																3.41	4.35	3.15	3.54	3.42

Competitive Comparison

For the Engineering & Construction subindustry, IRCON International'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.

IRCON International Receivables Turnover Distribution

For the Construction industry and Industrials sector, IRCON International's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IRCON International's Receivables Turnover falls into.

IRCON International Receivables Turnover Calculation

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

IRCON International'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 )
=	103472.8	/ (	(6951.9	+	8638.3)	/	2 )
=	103472.8	/	7795.1
=	13.27

IRCON International'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 )
=	28842.2	/ (	(8430.9	+	0)	/	1 )
=	28842.2	/	8430.9
=	3.42

IRCON International (NSE:IRCON) 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.

IRCON International Receivables Turnover Related Terms

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IRCON International (NSE:IRCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IRCON International Ltd (NSE:IRCON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

541956:India

Address

Plot No. C-4, District Centre, Saket, New Delhi, IND, 110017

Website

https://www.ircon.org

IRCON International Ltd is an India based integrated engineering and construction company. It specializes in infrastructure projects including railways, highways, bridges, flyovers, tunnels, aircraft maintenance hangars, runways, electrical and mechanical works, commercial and residential properties, development of industrial areas, and other infrastructure activities. It derives the majority of the revenue from the Railways sector. Geographically, it derives a majority of revenue from India.

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