PBM Polytex (BOM:514087) Receivables Turnover : 3.86 (As of Dec. 2023)

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What is PBM Polytex 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. PBM Polytex's Revenue for the three months ended in Dec. 2023 was ₹439 Mil. PBM Polytex's average Accounts Receivable for the three months ended in Dec. 2023 was ₹114 Mil. Hence, PBM Polytex's Receivables Turnover for the three months ended in Dec. 2023 was 3.86.

PBM Polytex Receivables Turnover Historical Data

The historical data trend for PBM Polytex'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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PBM Polytex Receivables Turnover Chart

PBM Polytex Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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19.44

14.13

15.43

21.28

12.71

PBM Polytex 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															4.81	2.90	2.52	4.46	3.86

Competitive Comparison of PBM Polytex's Receivables Turnover

For the Textile Manufacturing subindustry, PBM Polytex'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.

PBM Polytex's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PBM Polytex's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where PBM Polytex's Receivables Turnover falls into.

PBM Polytex Receivables Turnover Calculation

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

PBM Polytex'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 )
=	2022.084	/ (	(140.255	+	177.986)	/	2 )
=	2022.084	/	159.1205
=	12.71

PBM Polytex'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 )
=	438.603	/ (	(113.733	+	0)	/	1 )
=	438.603	/	113.733
=	3.86

PBM Polytex (BOM:514087) 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.

PBM Polytex Receivables Turnover Related Terms

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PBM Polytex (BOM:514087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PBM Polytex Ltd (BOM:514087) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Productivity Road, Alkapuri, 8th Floor, Ramakrishna Chambers, Vadodara, GJ, IND, 390 007

Website

https://www.pbmpolytex.com

PBM Polytex Ltd is a yarn manufacturing company. The company is engaged in the manufacturing and processing of cotton yarn and having two cotton spinning units one at Petlad (Gujarat) and another at Borgaon (Madhya Pradesh). It has also four Windmills generating electricity. The company offers raw cotton, such as Shankar 6, and imported varieties, such as Egyptian-Giza, Californian Acala SJV, USA Pima, Israel Pima, Peruvian PIMA, Sudan VS, Australian, Central American SJV, West African and Turkish. Its yarns are used in applications, such as knitting, weaving, gassing, and mercerizing.

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