Shyam Metalics and Energy (BOM:543299) Receivables Turnover : 5.09 (As of Mar. 2024)

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What is Shyam Metalics and Energy 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. Shyam Metalics and Energy's Revenue for the three months ended in Mar. 2024 was ₹36,062 Mil. Shyam Metalics and Energy's average Accounts Receivable for the three months ended in Mar. 2024 was ₹7,079 Mil. Hence, Shyam Metalics and Energy's Receivables Turnover for the three months ended in Mar. 2024 was 5.09.

Shyam Metalics and Energy Receivables Turnover Historical Data

The historical data trend for Shyam Metalics and Energy'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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Shyam Metalics and Energy Receivables Turnover Chart

Shyam Metalics and Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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35.31

18.13

22.79

25.82

20.11

Shyam Metalics and Energy Quarterly Data
	Mar17	Mar18	Mar19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial														7.39	5.67	5.01	5.82	5.09

Competitive Comparison of Shyam Metalics and Energy's Receivables Turnover

For the Steel subindustry, Shyam Metalics and Energy'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.

Shyam Metalics and Energy's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shyam Metalics and Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Shyam Metalics and Energy's Receivables Turnover falls into.

Shyam Metalics and Energy Receivables Turnover Calculation

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

Shyam Metalics and Energy'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 )
=	131952.2	/ (	(6042.3	+	7078.8)	/	2 )
=	131952.2	/	6560.55
=	20.11

Shyam Metalics and Energy'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 )
=	36062	/ (	(0	+	7078.8)	/	1 )
=	36062	/	7078.8
=	5.09

Shyam Metalics and Energy (BOM:543299) 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.

Shyam Metalics and Energy Receivables Turnover Related Terms

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Shyam Metalics and Energy (BOM:543299) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shyam Metalics and Energy Ltd (BOM:543299) » Definitions » Receivables Turnover

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SHYAMMETL:India

Address

83, Topsia Road, Trinity Tower, 7th Floor, Kolkata, WB, IND, 700046

Website

https://www.shyammetalics.com

Shyam Metalics and Energy Ltd is an integrated metal producer company. It is primarily engaged in the production of long steel products such as iron pellets, sponge iron, steel billets, TMT, structural products, wire rods, and ferro alloys. The company generates the majority of its revenue from India. The group revenue from the Sale of Manufactured Products, Sale of Services, Sale of Traded Goods, and Sale of Power, with the majority being generated from the sale of manufactured products.

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