Elgi Rubber Co (NSE:ELGIRUBCO) Receivables Turnover : 1.28 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Elgi Rubber Co 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. Elgi Rubber Co's Revenue for the three months ended in Dec. 2023 was ₹947 Mil. Elgi Rubber Co's average Accounts Receivable for the three months ended in Dec. 2023 was ₹737 Mil. Hence, Elgi Rubber Co's Receivables Turnover for the three months ended in Dec. 2023 was 1.28.

Elgi Rubber Co Receivables Turnover Historical Data

The historical data trend for Elgi Rubber Co'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.

* Premium members only.

Elgi Rubber Co Receivables Turnover Chart

Elgi Rubber Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

Get a 7-Day Free Trial

7.26

6.62

6.58

6.08

5.58

Elgi Rubber Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.45	1.40	1.41	1.37	1.28

Competitive Comparison of Elgi Rubber Co's Receivables Turnover

For the Auto Parts subindustry, Elgi Rubber Co'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.

Elgi Rubber Co's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Elgi Rubber Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Elgi Rubber Co's Receivables Turnover falls into.

Elgi Rubber Co Receivables Turnover Calculation

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

Elgi Rubber Co's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	3927.46	/ (	(734.11	+	674.16)	/	2 )
=	3927.46	/	704.135
=	5.58

Elgi Rubber Co's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	947.106	/ (	(737.211	+	0)	/	1 )
=	947.106	/	737.211
=	1.28

Elgi Rubber Co (NSE:ELGIRUBCO) 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.

Elgi Rubber Co Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Elgi Rubber Co's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Elgi Rubber Co (NSE:ELGIRUBCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Elgi Rubber Co Ltd (NSE:ELGIRUBCO) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Super A Unit, Coimbatore Private Industrial Estate, Coimbatore, TN, IND, 641 021

Website

http://www.elgirubber.com

Elgi Rubber Co Ltd provides solutions to Rubber Industry and is engaged in the business of manufacturing Reclaimed Rubber, Retreading machinery, and Retread rubber. The company has only one business segment, that is, manufacture of Reclaimed rubber and allied activities. Geographically, it derives a majority of its revenue from India. The company sells its product under various brands such as Jet, CRS (Cincinnati Retread Systems, Armonas, Pincott, Carbrasive, Midwest Rubber, Westernweld, Rubber Resources, and Rubber Compounding Holland. Its business operation comprises a single operating segment being Rubber Industry.

Elgi Rubber Co (NSE:ELGIRUBCO) Headlines

No Headlines