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Nagreeka Exports (BOM:521109) Receivables Turnover : 9.02 (As of Mar. 2024)


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What is Nagreeka Exports 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. Nagreeka Exports's Revenue for the three months ended in Mar. 2024 was ₹1,390 Mil. Nagreeka Exports's average Accounts Receivable for the three months ended in Mar. 2024 was ₹154 Mil. Hence, Nagreeka Exports's Receivables Turnover for the three months ended in Mar. 2024 was 9.02.


Nagreeka Exports Receivables Turnover Historical Data

The historical data trend for Nagreeka Exports'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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Nagreeka Exports Receivables Turnover Chart

Nagreeka Exports Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.91 17.11 26.79 19.69 30.17

Nagreeka Exports Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 5.80 6.02 6.08 6.73 9.02

Competitive Comparison of Nagreeka Exports's Receivables Turnover

For the Textile Manufacturing subindustry, Nagreeka Exports'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.


Nagreeka Exports's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Nagreeka Exports's Receivables Turnover falls into.



Nagreeka Exports Receivables Turnover Calculation

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

Nagreeka Exports'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 )
=5590.311 / ((216.46 + 154.124) / 2 )
=5590.311 / 185.292
=30.17

Nagreeka Exports's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1390.351 / ((0 + 154.124) / 1 )
=1390.351 / 154.124
=9.02

* 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.


Nagreeka Exports  (BOM:521109) 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.


Nagreeka Exports Receivables Turnover Related Terms

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Nagreeka Exports (BOM:521109) Business Description

Traded in Other Exchanges
Address
3, Mathew Road, 7, Kala Bhavan, Opera House, Mumbai, MH, IND, 400004
Nagreeka Exports Ltd is a manufacturer of yarns, textiles, cotton, and other products. It operates in a single segment that is the Textile business. The company manufactures Dyed Yarn, Cotton Yarn, Knitted Fabric, Bleached Cotton, Fine Cotton, and Cloth. Geographically, it generates the majority of the revenue from outside India.

Nagreeka Exports (BOM:521109) Headlines

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