Mazagon Dock Shipbuilders (BOM:543237) Receivables Turnover : 1.68 (As of Mar. 2024)

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What is Mazagon Dock Shipbuilders 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. Mazagon Dock Shipbuilders's Revenue for the three months ended in Mar. 2024 was ₹31,037 Mil. Mazagon Dock Shipbuilders's average Accounts Receivable for the three months ended in Mar. 2024 was ₹18,469 Mil. Hence, Mazagon Dock Shipbuilders's Receivables Turnover for the three months ended in Mar. 2024 was 1.68.

Mazagon Dock Shipbuilders Receivables Turnover Historical Data

The historical data trend for Mazagon Dock Shipbuilders'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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Mazagon Dock Shipbuilders Receivables Turnover Chart

Mazagon Dock Shipbuilders Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.37

5.80

7.80

6.64

Mazagon Dock Shipbuilders Quarterly Data
	Mar18	Mar19	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															2.07	2.17	1.95	2.52	1.68

Competitive Comparison of Mazagon Dock Shipbuilders's Receivables Turnover

For the Aerospace & Defense subindustry, Mazagon Dock Shipbuilders'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.

Mazagon Dock Shipbuilders's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Mazagon Dock Shipbuilders's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mazagon Dock Shipbuilders's Receivables Turnover falls into.

Mazagon Dock Shipbuilders Receivables Turnover Calculation

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

Mazagon Dock Shipbuilders'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 )
=	94665.8	/ (	(10023.3	+	18469.3)	/	2 )
=	94665.8	/	14246.3
=	6.64

Mazagon Dock Shipbuilders'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 )
=	31036.5	/ (	(0	+	18469.3)	/	1 )
=	31036.5	/	18469.3
=	1.68

Mazagon Dock Shipbuilders (BOM:543237) 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.

Mazagon Dock Shipbuilders Receivables Turnover Related Terms

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Mazagon Dock Shipbuilders (BOM:543237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Mazagon Dock Shipbuilders Ltd (BOM:543237) » Definitions » Receivables Turnover

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MAZDOCK:India

Address

Dockyard Road, Mazagon, Mumbai, MH, IND, 400 010

Website

https://www.mazagondock.in

Mazagon Dock Shipbuilders Ltd is a defense public sector undertaking shipyard under the Ministry of Defence. The Company is engaged in building and repairing of ships, submarines, various types of vessels, and related engineering products for its customers. The company's activities are the construction of warships, submarines, and merchant ships with facilities situated in Mumbai and Nhava.

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