Ambuja Cements (BOM:500425) Receivables Turnover : 7.33 (As of Mar. 2024)

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What is Ambuja Cements 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. Ambuja Cements's Revenue for the three months ended in Mar. 2024 was ₹88,940 Mil. Ambuja Cements's average Accounts Receivable for the three months ended in Mar. 2024 was ₹12,131 Mil. Hence, Ambuja Cements's Receivables Turnover for the three months ended in Mar. 2024 was 7.33.

Ambuja Cements Receivables Turnover Historical Data

The historical data trend for Ambuja Cements'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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Ambuja Cements Receivables Turnover Chart

Ambuja Cements Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar24

Receivables Turnover

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22.74

22.37

29.57

48.38

36.20

Ambuja Cements Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															4.68	-	4.25	4.65	7.33

Competitive Comparison of Ambuja Cements's Receivables Turnover

For the Building Materials subindustry, Ambuja Cements'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.

Ambuja Cements's Receivables Turnover Distribution in the Building Materials Industry

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

* The bar in red indicates where Ambuja Cements's Receivables Turnover falls into.

Ambuja Cements Receivables Turnover Calculation

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

Ambuja Cements's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	331596.4	/ (	(6190.7	+	12131.4)	/	2 )
=	331596.4	/	9161.05
=	36.20

Ambuja Cements's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	88939.9	/ (	(0	+	12131.4)	/	1 )
=	88939.9	/	12131.4
=	7.33

Ambuja Cements (BOM:500425) 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.

Ambuja Cements Receivables Turnover Related Terms

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Ambuja Cements (BOM:500425) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ambuja Cements Ltd (BOM:500425) » Definitions » Receivables Turnover

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AMBUJACEM:India

Address

MIDC Cross Road ‘B’, Off Andheri-Kurla Road, Elegant Business Park, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.ambujacement.com

Ambuja Cements Ltd manufactures and sells cement, concrete, and cement-related products to the building and construction industries. The company's portfolio of products includes Portland Pozolona cement and ordinary Portland cement. The vast majority of the firm's revenue is generated in India. Ambuja Cements has operations throughout India and uses a network of ports, bulk cement terminals, captive ships, and railroads to transport its products to both warehouses and directly to customers. The company also has a technical services team that partners with customers to teach concrete mixing and curing techniques.

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