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Contil India (BOM:531067) Receivables Turnover : 0.89 (As of Mar. 2024)


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What is Contil India 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. Contil India's Revenue for the three months ended in Mar. 2024 was ₹69.4 Mil. Contil India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹77.7 Mil. Hence, Contil India's Receivables Turnover for the three months ended in Mar. 2024 was 0.89.


Contil India Receivables Turnover Historical Data

The historical data trend for Contil India'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.

* Premium members only.

Contil India Receivables Turnover Chart

Contil India 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 2.68 3.69 3.64 3.89 4.42

Contil India 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 0.94 1.14 1.44 1.73 0.89

Competitive Comparison of Contil India's Receivables Turnover

For the Food Distribution subindustry, Contil India'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.


Contil India's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Contil India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Contil India's Receivables Turnover falls into.



Contil India Receivables Turnover Calculation

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

Contil India'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 )
=282.443 / ((50.142 + 77.725) / 2 )
=282.443 / 63.9335
=4.42

Contil India'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 )
=69.379 / ((0 + 77.725) / 1 )
=69.379 / 77.725
=0.89

* 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.


Contil India  (BOM:531067) 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.


Contil India Receivables Turnover Related Terms

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Contil India (BOM:531067) Business Description

Traded in Other Exchanges
N/A
Address
R.C. Dutt Road, No. 811, Siddharth Complex, Alkapuri, Baroda, GJ, IND, 390007
Contil India Ltd is an Indian company engaged in the trading of grocery items. It has a business presence in India and also exports to other countries, of which a majority of revenue is derived from export sales. The product portfolio of the company includes Spices, Flour, Cereal and Pulses, Ayurvedic items, Beauty and cosmetics, and Articles and Utensils, among others.

Contil India (BOM:531067) Headlines

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