Steel Authority Of India (NSE:SAIL) Receivables Turnover : 3.48 (As of Dec. 2023)

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What is Steel Authority Of India 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. Steel Authority Of India's Revenue for the three months ended in Dec. 2023 was ₹233,486 Mil. Steel Authority Of India's average Accounts Receivable for the three months ended in Dec. 2023 was ₹67,099 Mil. Hence, Steel Authority Of India's Receivables Turnover for the three months ended in Dec. 2023 was 3.48.

Steel Authority Of India Receivables Turnover Historical Data

The historical data trend for Steel Authority Of India'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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Steel Authority Of India Receivables Turnover Chart

Steel Authority Of India Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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15.82

9.13

8.03

15.99

20.56

Steel Authority Of India 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															4.18	5.40	4.52	4.43	3.48

Competitive Comparison of Steel Authority Of India's Receivables Turnover

For the Steel subindustry, Steel Authority Of India'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.

Steel Authority Of India's Receivables Turnover Distribution in the Steel Industry

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

* The bar in red indicates where Steel Authority Of India's Receivables Turnover falls into.

Steel Authority Of India Receivables Turnover Calculation

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

Steel Authority Of India'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 )
=	1044477.2	/ (	(47708.5	+	53899.7)	/	2 )
=	1044477.2	/	50804.1
=	20.56

Steel Authority Of India'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 )
=	233486.4	/ (	(67099.1	+	0)	/	1 )
=	233486.4	/	67099.1
=	3.48

Steel Authority Of India (NSE:SAIL) 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.

Steel Authority Of India Receivables Turnover Related Terms

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Steel Authority Of India (NSE:SAIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Steel Authority Of India Ltd (NSE:SAIL) » Definitions » Receivables Turnover

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500113:India

Address

Lodi Road, Ispat Bhawan, New Delhi, IND, 110003

Website

https://www.sail.co.in

Steel Authority Of India Ltd is a steelmaker. The company primarily produces flat steel products (including plates, sheets, coils, and galvanized plain), long steel products (rails, structural, wire rods, and merchant products), electric-resistance-welded pipes, and silicon steel sheets. Flat and long products account for the majority of the company's sales. The company runs five integrated steel plants and three alloy steel plants. It generates most of its revenue from the Indian domestic market.