Timken India (BOM:522113) Receivables Turnover : 1.38 (As of Mar. 2024)

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What is Timken India 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. Timken India's Revenue for the three months ended in Mar. 2024 was ₹8,978 Mil. Timken India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹6,519 Mil. Hence, Timken India's Receivables Turnover for the three months ended in Mar. 2024 was 1.38.

Timken India Receivables Turnover Historical Data

The historical data trend for Timken India'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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Timken India Receivables Turnover Chart

Timken India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.39

4.23

4.79

5.04

4.74

Timken India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															1.39	1.25	1.45	1.30	1.38

Competitive Comparison of Timken India's Receivables Turnover

For the Tools & Accessories subindustry, Timken India'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.

Timken India's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Timken India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Timken India's Receivables Turnover falls into.

Timken India Receivables Turnover Calculation

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

Timken India'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: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	29095.41	/ (	(5757.35	+	6519.49)	/	2 )
=	29095.41	/	6138.42
=	4.74

Timken India'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 )
=	8977.65	/ (	(0	+	6519.49)	/	1 )
=	8977.65	/	6519.49
=	1.38

Timken India (BOM:522113) 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.

Timken India Receivables Turnover Related Terms

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Timken India (BOM:522113) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Timken India Ltd (BOM:522113) » Definitions » Receivables Turnover

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TIMKEN:India

Address

Phase II, Hosur Road, No. 39-42, Electronic City, Bangalore, KA, IND, 560 100

Website

https://www.timken.com

Timken India Ltd is an India-based company that manufactures, distributes, and services bearings and related components. The company also provides repair and maintenance services for industrial gearboxes. The company's products, which primarily comprise engineered bearings and mechanical power transmission products, are marketed under brand names including Timken, Philadelphia Gear, Carlisle, Drives, Lovejoy, R+L, and Interlube. The company's clients come from sectors including defense, mining, metals, and civil aerospace. Timken India generates the majority of its sales from the Indian domestic market.

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