Rhetan TMT (BOM:543590) Receivables Turnover : 1.14 (As of Mar. 2024)

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What is Rhetan TMT 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. Rhetan TMT's Revenue for the six months ended in Mar. 2024 was ₹300.1 Mil. Rhetan TMT's average Accounts Receivable for the six months ended in Mar. 2024 was ₹263.2 Mil. Hence, Rhetan TMT's Receivables Turnover for the six months ended in Mar. 2024 was 1.14.

Rhetan TMT Receivables Turnover Historical Data

The historical data trend for Rhetan TMT'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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Rhetan TMT Receivables Turnover Chart

Rhetan TMT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

2.73

4.88

3.72

3.50

2.58

Rhetan TMT Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial			1.61	1.54	2.18	1.23	1.14

Competitive Comparison of Rhetan TMT's Receivables Turnover

For the Steel subindustry, Rhetan TMT'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.

Rhetan TMT's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Rhetan TMT's Receivables Turnover falls into.

Rhetan TMT Receivables Turnover Calculation

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

Rhetan TMT'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 )
=	647.662	/ (	(271.016	+	230.992)	/	2 )
=	647.662	/	251.004
=	2.58

Rhetan TMT'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: Sep. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	300.053	/ (	(295.339	+	230.992)	/	2 )
=	300.053	/	263.1655
=	1.14

Rhetan TMT (BOM:543590) 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.

Rhetan TMT Receivables Turnover Related Terms

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Rhetan TMT (BOM:543590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rhetan TMT Ltd (BOM:543590) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Rasala Marg, Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Ahmedabad, GJ, IND, 380006

Website

http://www.rhetan.com

Rhetan TMT Ltd manufactures TMT Bars and Round Bars which are used in the construction industry. The products are used in the construction of dams, bridges, residential and commercial towers, and the majority of infrastructure projects in Gujarat.

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