Surani Steel Tubes (NSE:SURANI) Receivables Turnover : 8.16 (As of Sep. 2023)

Surani Steel Tubes Receivables Turnover Chart

Surani Steel Tubes Annual Data
	Trend	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Receivables Turnover		Get a 7-Day Free Trial					14.61	15.91	16.21	22.00	12.88

Surani Steel Tubes Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial										9.14	-	11.71	4.45	8.16

Competitive Comparison of Surani Steel Tubes's Receivables Turnover

For the Steel subindustry, Surani Steel Tubes'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.

Surani Steel Tubes's Receivables Turnover Distribution in the Steel Industry

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

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

Surani Steel Tubes Receivables Turnover Calculation

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

Surani Steel Tubes's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Surani Steel Tubes's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

* 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.

Surani Steel Tubes  (NSE:SURANI) 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.

Surani Steel Tubes Receivables Turnover Related Terms

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Surani Steel Tubes (NSE:SURANI) Business Description