Sanrhea Technical Textiles (BOM:514280) Receivables Turnover : 1.31 (As of Dec. 2023)

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What is Sanrhea Technical Textiles 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. Sanrhea Technical Textiles's Revenue for the three months ended in Dec. 2023 was ₹179.2 Mil. Sanrhea Technical Textiles's average Accounts Receivable for the three months ended in Dec. 2023 was ₹137.1 Mil. Hence, Sanrhea Technical Textiles's Receivables Turnover for the three months ended in Dec. 2023 was 1.31.

Sanrhea Technical Textiles Receivables Turnover Historical Data

The historical data trend for Sanrhea Technical Textiles'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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Sanrhea Technical Textiles Receivables Turnover Chart

Sanrhea Technical Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.32

4.53

4.71

6.49

5.36

Sanrhea Technical Textiles 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															1.39	1.26	1.48	1.24	1.31

Competitive Comparison of Sanrhea Technical Textiles's Receivables Turnover

For the Textile Manufacturing subindustry, Sanrhea Technical Textiles'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.

Sanrhea Technical Textiles's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Sanrhea Technical Textiles's Receivables Turnover falls into.

Sanrhea Technical Textiles Receivables Turnover Calculation

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

Sanrhea Technical Textiles'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 )
=	621.234	/ (	(114.254	+	117.711)	/	2 )
=	621.234	/	115.9825
=	5.36

Sanrhea Technical Textiles'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 )
=	179.184	/ (	(137.132	+	0)	/	1 )
=	179.184	/	137.132
=	1.31

Sanrhea Technical Textiles (BOM:514280) 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.

Sanrhea Technical Textiles Receivables Turnover Related Terms

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Sanrhea Technical Textiles (BOM:514280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sanrhea Technical Textiles Ltd (BOM:514280) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Dr. Ambedkar Road, Near G. E. B., District Gandhinagar, Kalol, GJ, IND, 382721

Website

https://www.sanrhea.com

Sanrhea Technical Textiles Ltd is engaged in the manufacturing of textiles. It earns revenue primarily from the sale of Conveyor Belting fabrics, Chafer fabrics for Tyres, Diaphragm fabrics for Auto industries, and Liners. The company caters to both domestic and international markets. The company has only one segment, which is Industrial fabrics. The company derives the majority of its revenue from the domestic markets.

Sanrhea Technical Textiles (BOM:514280) Headlines

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