Kalyani Forge (NSE:KALYANIFRG) Receivables Turnover

: 0.84 (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. Kalyani Forge's Revenue for the three months ended in Dec. 2023 was ₹597 Mil. Kalyani Forge's average Accounts Receivable for the three months ended in Dec. 2023 was ₹712 Mil. Hence, Kalyani Forge's Receivables Turnover for the three months ended in Dec. 2023 was 0.84.

Kalyani Forge Receivables Turnover Historical Data

The historical data trend for Kalyani Forge'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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Kalyani Forge Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

3.94

3.03

2.91

3.52

3.56

Kalyani Forge Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover																0.87	0.83	0.78	0.86	0.84

Competitive Comparison

For the Auto Parts subindustry, Kalyani Forge'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.

Kalyani Forge Receivables Turnover Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Kalyani Forge's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kalyani Forge's Receivables Turnover falls into.

Kalyani Forge Receivables Turnover Calculation

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

Kalyani Forge'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 )
=	2656.46	/ (	(728.173	+	763.555)	/	2 )
=	2656.46	/	745.864
=	3.56

Kalyani Forge'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 )
=	596.994	/ (	(711.726	+	0)	/	1 )
=	596.994	/	711.726
=	0.84

Kalyani Forge (NSE:KALYANIFRG) 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.

Kalyani Forge Receivables Turnover Related Terms

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Kalyani Forge (NSE:KALYANIFRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kalyani Forge Ltd (NSE:KALYANIFRG) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

513509:India

Address

Shangrila Gardens, 1st Floor, C Wing, Opposite Bund Garden, Pune, MH, IND, 411 001

Website

https://www.kalyaniforge.co.in

Kalyani Forge Ltd is an engineering company. The company is engaged in providing forged, machined components and assembled products. It serves industries such as automotive, construction, mining, infrastructure, power, marine, railways, agriculture and other industries. The company's product includes Engine Parts, Chassis System, Turbocharger, Transmission, Driveline, and Steering and Suspension. It services include Hot Forging, Cold and Warm Forging, Precision Machining and Finishing, Heat Treatment, Die Manufacturing, and others.

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