Tega Industries (BOM:543413) Receivables Turnover : 1.13 (As of Mar. 2024)

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What is Tega Industries 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. Tega Industries's Revenue for the three months ended in Mar. 2024 was ₹5,070 Mil. Tega Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4,473 Mil. Hence, Tega Industries's Receivables Turnover for the three months ended in Mar. 2024 was 1.13.

Tega Industries Receivables Turnover Historical Data

The historical data trend for Tega Industries'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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Tega Industries Receivables Turnover Chart

Tega Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.57

3.90

3.75

3.57

3.51

Tega Industries Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial											0.98	0.66	1.12	1.01	1.13

Competitive Comparison of Tega Industries's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Tega Industries'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.

Tega Industries's Receivables Turnover Distribution in the Industrial Products Industry

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

* The bar in red indicates where Tega Industries's Receivables Turnover falls into.

Tega Industries Receivables Turnover Calculation

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

Tega Industries'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 )
=	14927.14	/ (	(4031.31	+	4472.93)	/	2 )
=	14927.14	/	4252.12
=	3.51

Tega Industries'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 )
=	5069.77	/ (	(0	+	4472.93)	/	1 )
=	5069.77	/	4472.93
=	1.13

Tega Industries (BOM:543413) 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.

Tega Industries Receivables Turnover Related Terms

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Tega Industries (BOM:543413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tega Industries Ltd (BOM:543413) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TEGA:India

Address

Godrej Waterside, Tower-II, Ring Rd, Office No 807, 8th Floor, Block DP-5, Salt Lake Sector V, Bidhannagar, Kolkata, WB, IND, 700 091

Website

https://www.tegaindustries.com

Tega Industries Ltd is a manufacturer of specialized consumable products for the mineral beneficiation, mining, and bulk solids handling industry. The company offers a range of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components required for mining and mineral processing, screening, grinding, and material handling.

Tega Industries (BOM:543413) Headlines

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