NMDC Steel (BOM:543768) Receivables Turnover : 59.06 (As of Mar. 2024)

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What is NMDC Steel 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. NMDC Steel's Revenue for the six months ended in Mar. 2024 was ₹27,716 Mil. NMDC Steel's average Accounts Receivable for the six months ended in Mar. 2024 was ₹469 Mil. Hence, NMDC Steel's Receivables Turnover for the six months ended in Mar. 2024 was 59.06.

NMDC Steel Receivables Turnover Historical Data

The historical data trend for NMDC Steel'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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NMDC Steel Receivables Turnover Chart

NMDC Steel Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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82.38

NMDC Steel Semi-Annual Data
	Mar18	Mar19	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Receivables Turnover	Get a 7-Day Free Trial				-	-	-	4.88	59.06

Competitive Comparison of NMDC Steel's Receivables Turnover

For the Steel subindustry, NMDC Steel'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.

NMDC Steel's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where NMDC Steel's Receivables Turnover falls into.

NMDC Steel Receivables Turnover Calculation

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

NMDC Steel'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 )
=	30489.9	/ (	(0	+	370.1)	/	1 )
=	30489.9	/	370.1
=	82.38

NMDC Steel'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 )
=	27715.8	/ (	(568.5	+	370.1)	/	2 )
=	27715.8	/	469.3
=	59.06

NMDC Steel (BOM:543768) 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.

NMDC Steel Receivables Turnover Related Terms

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NMDC Steel (BOM:543768) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » NMDC Steel Ltd (BOM:543768) » Definitions » Receivables Turnover

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NSLNISP:India

Address

Khanij Bhavan, 10-3-311/A, Castle Hills, Masab Tank, Hyderabad, TG, IND, 500028

Website

https://nmdcsteel.nmdc.co.in

NMDC Steel Ltd owns and operates mechanized iron ore mines. The company is producing about 35 MTPA of iron ore from its major iron-producing units in Bailadila Sector in Chhattisgarh and Donimalai.

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