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Sagardeep Alloys (NSE:SAGARDEEP) Receivables Turnover : 2.42 (As of Mar. 2023)


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What is Sagardeep Alloys 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. Sagardeep Alloys's Revenue for the three months ended in Mar. 2023 was ₹214.8 Mil. Sagardeep Alloys's average Accounts Receivable for the three months ended in Mar. 2023 was ₹88.8 Mil. Hence, Sagardeep Alloys's Receivables Turnover for the three months ended in Mar. 2023 was 2.42.


Sagardeep Alloys Receivables Turnover Historical Data

The historical data trend for Sagardeep Alloys'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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Sagardeep Alloys Receivables Turnover Chart

Sagardeep Alloys Annual Data
Trend Mar11 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 3.01 8.51 9.28 8.57

Sagardeep Alloys Quarterly Data
Sep16 Mar17 Mar18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Mar23
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 2.61 1.92 2.62 - 2.42

Competitive Comparison of Sagardeep Alloys's Receivables Turnover

For the Copper subindustry, Sagardeep Alloys'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.


Sagardeep Alloys's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sagardeep Alloys's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sagardeep Alloys's Receivables Turnover falls into.



Sagardeep Alloys Receivables Turnover Calculation

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

Sagardeep Alloys'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 )
=870.784 / ((114.376 + 88.841) / 2 )
=870.784 / 101.6085
=8.57

Sagardeep Alloys's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

Receivables Turnover (Q: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2023 ) / ((Accounts Receivable (Q: Dec. 2022 ) + Accounts Receivable (Q: Mar. 2023 )) / count )
=214.781 / ((0 + 88.841) / 1 )
=214.781 / 88.841
=2.42

* 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.


Sagardeep Alloys  (NSE:SAGARDEEP) 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.


Sagardeep Alloys Receivables Turnover Related Terms

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Sagardeep Alloys (NSE:SAGARDEEP) Business Description

Traded in Other Exchanges
N/A
Address
Khatraj Road, Plot number 2070, Rajnagar Patia, Santej, Santej Kalol, Gandhinagar, GJ, IND, 382721
Sagardeep Alloys Ltd manufactures basic precious and non-ferrous alloys. It is also a wholesaler of metal and metal ores. It is engaged in the manufacturing and trading of copper and brass products such as pipes and tubes and the trading of stainless steel, copper, brass, and other metal product. Its product offering consists of Gilding Metal, Commercial Bronze, Red Brass, Low Brass, Cartridge Brass, Yellow Brass, Muntz Metal, Cupro Nickel Tubes and Pipe, Cupro Nickel Rods, Stainless Steel Scrap Grades, Stainless Steel Pipes and Tubes, Stainless Steel Sheets / Plates, Stainless Steel Coils, Stainless Steel Bars, Copper Pipes and Tubes, Copper Flats, Copper Coils, Copper Rod, Copper Anodes / Nuggets, Copper Plates, Oxygen Free Copper.

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