S.M. Gold (BOM:542034) Receivables Turnover : 4.99 (As of Dec. 2023)

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What is S.M. Gold 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. S.M. Gold's Revenue for the three months ended in Dec. 2023 was ₹148.6 Mil. S.M. Gold's average Accounts Receivable for the three months ended in Dec. 2023 was ₹29.8 Mil. Hence, S.M. Gold's Receivables Turnover for the three months ended in Dec. 2023 was 4.99.

S.M. Gold Receivables Turnover Historical Data

The historical data trend for S.M. Gold'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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S.M. Gold Receivables Turnover Chart

S.M. Gold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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8.01

14.37

26.06

155.56

145.02

S.M. Gold Quarterly Data
	Mar18	Jun18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															5.19	12.03	24.47	4.54	4.99

Competitive Comparison of S.M. Gold's Receivables Turnover

For the Luxury Goods subindustry, S.M. Gold'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.

S.M. Gold's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, S.M. Gold's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where S.M. Gold's Receivables Turnover falls into.

S.M. Gold Receivables Turnover Calculation

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

S.M. Gold'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 )
=	509.306	/ (	(1.142	+	5.882)	/	2 )
=	509.306	/	3.512
=	145.02

S.M. Gold'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 )
=	148.614	/ (	(29.762	+	0)	/	1 )
=	148.614	/	29.762
=	4.99

S.M. Gold (BOM:542034) 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.

S.M. Gold Receivables Turnover Related Terms

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S.M. Gold (BOM:542034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » S.M. Gold Ltd (BOM:542034) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Shop No. 1 to 3, 2nd Floor 24 Caret Building, Opp. Rock Regency Hotel, Law Garden, C G Road, Ahmedabad, GJ, IND, 380009

Website

https://www.smgoldltd.com

S.M. Gold Ltd is involved in the business of manufacturing and wholesale trading of mangalsutra jewellery. Besides mangalsutra jewellery, a minor part of the company's business also includes other jewellery's like Rings, Chain, Earrings, Ear Chain, Nose-rings/Nose pins, waist belts, Anklet, Zuda, Toe Ring, Pendant Set/Pendant, Bracelet and Bangles, wedding Jewellery, and festive Jewellery. The products are sold under the brand name of S. M. Gold - the House of Mangalsutra. Geographically, all the activities are carried out throughout the region of India.

S.M. Gold (BOM:542034) Headlines

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