Rajapalayam Mills (BOM:532503) Receivables Turnover : 1.33 (As of Mar. 2024)

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What is Rajapalayam Mills 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. Rajapalayam Mills's Revenue for the three months ended in Mar. 2024 was ₹2,224 Mil. Rajapalayam Mills's average Accounts Receivable for the three months ended in Mar. 2024 was ₹1,677 Mil. Hence, Rajapalayam Mills's Receivables Turnover for the three months ended in Mar. 2024 was 1.33.

Rajapalayam Mills Receivables Turnover Historical Data

The historical data trend for Rajapalayam Mills'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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Rajapalayam Mills Receivables Turnover Chart

Rajapalayam Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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6.25

6.40

7.53

6.53

5.23

Rajapalayam Mills 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															1.39	1.26	1.34	1.17	1.33

Competitive Comparison of Rajapalayam Mills's Receivables Turnover

For the Textile Manufacturing subindustry, Rajapalayam Mills'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.

Rajapalayam Mills's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Rajapalayam Mills's Receivables Turnover falls into.

Rajapalayam Mills Receivables Turnover Calculation

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

Rajapalayam Mills'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 )
=	8552.8	/ (	(1591.95	+	1676.9)	/	2 )
=	8552.8	/	1634.425
=	5.23

Rajapalayam Mills'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 )
=	2224.4	/ (	(0	+	1676.9)	/	1 )
=	2224.4	/	1676.9
=	1.33

Rajapalayam Mills (BOM:532503) 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.

Rajapalayam Mills Receivables Turnover Related Terms

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Rajapalayam Mills (BOM:532503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Rajapalayam Mills Ltd (BOM:532503) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Rajapalayam Mills Premises, Post Box No. 1, P.A.C. Ramasamy Raja Salai, Rajapalayam, TN, IND, 626117

Website

https://www.rajapalayammills.co.in

Rajapalayam Mills Ltd is an India-based company engaged in the manufacture of yarn and fabrics. The operates in segments namely, Textiles and Windmills. The Textiles segment of the company offers ring yarn, compact yarn, Elitwist compact yarn, TFO doubled yarn, gassed yarn, slub, and multicount yarn, model/Tencel yarn, open-end yarn, and organic cotton yarn, and the windmills segment engaged in the generation of power from windmills. The firm generates a majority of its revenue from the textile segment.

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