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Ramasigns Industries (BOM:515127) Receivables Turnover : 0.05 (As of Dec. 2023)


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What is Ramasigns Industries 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. Ramasigns Industries's Revenue for the three months ended in Dec. 2023 was ₹15.3 Mil. Ramasigns Industries's average Accounts Receivable for the three months ended in Dec. 2023 was ₹281.9 Mil. Hence, Ramasigns Industries's Receivables Turnover for the three months ended in Dec. 2023 was 0.05.

Ramasigns Industries Receivables Turnover Historical Data

The historical data trend for Ramasigns Industries'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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Ramasigns Industries Receivables Turnover Chart

Ramasigns Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.62 1.82 0.80 0.93 0.74

Ramasigns Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.15 0.18 0.13 0.11 0.05

Competitive Comparison of Ramasigns Industries's Receivables Turnover

For the Specialty Chemicals subindustry, Ramasigns Industries'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.

Ramasigns Industries's Receivables Turnover Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ramasigns Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Ramasigns Industries's Receivables Turnover falls into.


Ramasigns Industries Receivables Turnover Calculation

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

Ramasigns Industries'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 )
=250.252 / ((370.176 + 304.809) / 2 )
=250.252 / 337.4925
=0.74

Ramasigns Industries'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 )
=15.287 / ((281.926 + 0) / 1 )
=15.287 / 281.926
=0.05

* 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.

Ramasigns Industries  (BOM:515127) 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.

Ramasigns Industries Receivables Turnover Related Terms

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Ramasigns Industries (BOM:515127) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ramasigns Industries Ltd (BOM:515127) » Definitions » Receivables Turnover
Comparable Companies
BOM:526799 BOM:530429 BOM:509449 BOM:523652 BOM:531893 BOM:539982 BOM:539230 BOM:538351 BOM:543207 BOM:543934 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
Walbhat Road, Vimala Bhavan, Unit No. 3, Ground Floor, Sharma Industrial Estate, Goregaon (East), Mumbai, MH, IND, 400063
Website
https://www.ramasigns.in
Ramasigns Industries Ltd is a specialty chemical company. It is engaged in the trading of printing consumables such as flex, vinyl, sunboard, etc. Its only operating segment is Printing Consumables. Its product line consists of Billboards and Banners, Self-Adhesive Vinyl, PVC Foam Board and Celuka Board, Over Laminates and Protection Films, Eco-friendly Billboard Fabrics, Custom Wall Coverings and Canvases, Fluted Polypropylene Boards, Extruded Acrylic Sheets, Display Products, and Eco-Solvent Media.

Ramasigns Industries (BOM:515127) Headlines

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