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Bhakti Gems and Jewellery (BOM:540545) Receivables Turnover : 2.83 (As of Dec. 2023)


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What is Bhakti Gems and Jewellery 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. Bhakti Gems and Jewellery's Revenue for the three months ended in Dec. 2023 was ₹306.3 Mil. Bhakti Gems and Jewellery's average Accounts Receivable for the three months ended in Dec. 2023 was ₹108.3 Mil. Hence, Bhakti Gems and Jewellery's Receivables Turnover for the three months ended in Dec. 2023 was 2.83.


Bhakti Gems and Jewellery Receivables Turnover Historical Data

The historical data trend for Bhakti Gems and Jewellery'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.

Bhakti Gems and Jewellery Receivables Turnover Chart

Bhakti Gems and Jewellery 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 10.03 8.61 13.51 9.76 7.02

Bhakti Gems and Jewellery Quarterly Data
Sep18 Mar19 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 3.21 1.49 1.03 0.95 2.83

Competitive Comparison of Bhakti Gems and Jewellery's Receivables Turnover

For the Luxury Goods subindustry, Bhakti Gems and Jewellery'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.


Bhakti Gems and Jewellery's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Bhakti Gems and Jewellery's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Bhakti Gems and Jewellery's Receivables Turnover falls into.



Bhakti Gems and Jewellery Receivables Turnover Calculation

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

Bhakti Gems and Jewellery'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 )
=1029.122 / ((135.927 + 157.079) / 2 )
=1029.122 / 146.503
=7.02

Bhakti Gems and Jewellery'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 )
=306.319 / ((108.344 + 0) / 1 )
=306.319 / 108.344
=2.83

* 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.


Bhakti Gems and Jewellery  (BOM:540545) 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.


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Bhakti Gems and Jewellery (BOM:540545) Business Description

Traded in Other Exchanges
N/A
Address
C G Road, Ahmedabad Ashram Road, FF/02, 413/1 Kalp BhaktiHouse, Near NarayanSociety, Behind Axis Bank, Ahmedabad, GJ, IND, 380009
Bhakti Gems and Jewellery Ltd is a manufacturer, wholesaler and supplier of gold jewellery. It focuses on traditional Indian jewellery including handmade gold jewellery studded with precious and semi-precious stones such as diamond, ruby, and cubic zirconia. Some of its products are rings, chains, toe rings, earrings, anklets, and pendants, among others.

Bhakti Gems and Jewellery (BOM:540545) Headlines

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