Hindalco Industries (NSE:HINDALCO) Receivables Turnover : 3.41 (As of Mar. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Hindalco 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. Hindalco Industries's Revenue for the three months ended in Mar. 2024 was ₹559,940 Mil. Hindalco Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹164,040 Mil. Hence, Hindalco Industries's Receivables Turnover for the three months ended in Mar. 2024 was 3.41.

Hindalco Industries Receivables Turnover Historical Data

The historical data trend for Hindalco 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.

* Premium members only.

Hindalco Industries Receivables Turnover Chart

Hindalco Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

11.30

11.75

11.39

11.97

13.24

Hindalco Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															3.44	3.27	3.26	3.18	3.41

Competitive Comparison of Hindalco Industries's Receivables Turnover

For the Aluminum subindustry, Hindalco 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.

Hindalco Industries's Receivables Turnover Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Hindalco Industries's Receivables Turnover distribution charts can be found below:

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

Hindalco Industries Receivables Turnover Calculation

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

Hindalco 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 )
=	2159620	/ (	(162140	+	164040)	/	2 )
=	2159620	/	163090
=	13.24

Hindalco 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 )
=	559940	/ (	(0	+	164040)	/	1 )
=	559940	/	164040
=	3.41

Hindalco Industries (NSE:HINDALCO) 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.

Hindalco Industries Receivables Turnover Related Terms

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

Hindalco Industries (NSE:HINDALCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hindalco Industries Ltd (NSE:HINDALCO) » Definitions » Receivables Turnover

Traded in Other Exchanges

500440:India

Address

Pandurang Budhkar Road, Birla Centurion, 6th & 7th Floor, Worli, Mumbai, MH, IND, 400030

Website

https://www.hindalco.com

Hindalco Industries Ltd extracts raw materials and produces and sells industrial metals in the below segments: Copper, Aluminum Upstream and Aluminium Downstream, Novelis, and all other Segment. The Copper segment purchases raw materials and produces continuous cast copper rods, copper cathodes, sulphuric acid, gold, and silver. The firm hedges its copper and other precious metals costs through futures contracts in an attempt to match commodity price changes between the time it purchases the raw materials and sells the finished products. The Aluminum segment mines bauxite and produces hydrate and alumina, aluminum, and aluminum-based products. The majority of Hindalco's revenue comes from India. The firm is also expanding internationally with sales and operations worldwide.

Hindalco Industries (NSE:HINDALCO) Headlines

No Headlines