The Hi-Tech Gears (BOM:522073) Receivables Turnover : 1.33 (As of Sep. 2024)

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What is The Hi-Tech Gears 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. The Hi-Tech Gears's Revenue for the three months ended in Sep. 2024 was ₹2,410 Mil. The Hi-Tech Gears's average Accounts Receivable for the three months ended in Sep. 2024 was ₹1,811 Mil. Hence, The Hi-Tech Gears's Receivables Turnover for the three months ended in Sep. 2024 was 1.33.

The Hi-Tech Gears Receivables Turnover Historical Data

The historical data trend for The Hi-Tech Gears'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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The Hi-Tech Gears Receivables Turnover Chart

The Hi-Tech Gears Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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5.42

6.06

5.86

5.96

5.30

The Hi-Tech Gears Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															1.35	1.30	1.40	1.27	1.33

Competitive Comparison of The Hi-Tech Gears's Receivables Turnover

For the Auto Parts subindustry, The Hi-Tech Gears'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.

The Hi-Tech Gears's Receivables Turnover Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, The Hi-Tech Gears's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The Hi-Tech Gears's Receivables Turnover falls into.

The Hi-Tech Gears Receivables Turnover Calculation

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

The Hi-Tech Gears'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 )
=	10837.72	/ (	(2086.43	+	2004.1)	/	2 )
=	10837.72	/	2045.265
=	5.30

The Hi-Tech Gears's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	2409.94	/ (	(0	+	1810.7)	/	1 )
=	2409.94	/	1810.7
=	1.33

The Hi-Tech Gears (BOM:522073) 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.

The Hi-Tech Gears Receivables Turnover Related Terms

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The Hi-Tech Gears Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Hi-Tech Gears Ltd (BOM:522073) » Definitions » Receivables Turnover

Comparable Companies

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HITECHGEAR:India

Address

Sushant Lok 1, Sector 27, Tower B, 14th Floor, Unitech's Millennium plaza, Gurugram, HR, IND, 122009

Website

https://www.thehitechgears.com

The Hi-Tech Gears Ltd is a manufacturer of auto components. The company is engaged in the business of gears and transmission components. It provides diverse parts and accessories for motor vehicles such as brakes, gearboxes, axles, road wheels, suspension shock absorbers, radiators, silencers, exhaust pipes, catalyzer, clutches, steering wheels, steering columns and steering boxes. The company's product includes power takeoff, car transmission and driveline components, precision forging or precision machining, and machined sintered components. Geographically, it derives a majority of revenue from India and also has its presence in America and Other countries.

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