Aditya Birla Fashion and Retail (NSE:ABFRL) Receivables Turnover : 2.45 (As of Dec. 2023)

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What is Aditya Birla Fashion and Retail 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. Aditya Birla Fashion and Retail's Revenue for the three months ended in Dec. 2023 was ₹41,667 Mil. Aditya Birla Fashion and Retail's average Accounts Receivable for the three months ended in Dec. 2023 was ₹17,037 Mil. Hence, Aditya Birla Fashion and Retail's Receivables Turnover for the three months ended in Dec. 2023 was 2.45.

Aditya Birla Fashion and Retail Receivables Turnover Historical Data

The historical data trend for Aditya Birla Fashion and Retail'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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Aditya Birla Fashion and Retail Receivables Turnover Chart

Aditya Birla Fashion and Retail Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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12.07

10.76

7.20

11.86

15.05

Aditya Birla Fashion and Retail Quarterly Data
	Mar19	Jun19	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															3.17	3.19	3.61	1.89	2.45

Competitive Comparison of Aditya Birla Fashion and Retail's Receivables Turnover

For the Apparel Manufacturing subindustry, Aditya Birla Fashion and Retail'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.

Aditya Birla Fashion and Retail's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Aditya Birla Fashion and Retail's Receivables Turnover falls into.

Aditya Birla Fashion and Retail Receivables Turnover Calculation

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

Aditya Birla Fashion and Retail'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 )
=	123628.7	/ (	(7564.3	+	8864.4)	/	2 )
=	123628.7	/	8214.35
=	15.05

Aditya Birla Fashion and Retail'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 )
=	41667.1	/ (	(17037.3	+	0)	/	1 )
=	41667.1	/	17037.3
=	2.45

Aditya Birla Fashion and Retail (NSE:ABFRL) 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.

Aditya Birla Fashion and Retail Receivables Turnover Related Terms

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Aditya Birla Fashion and Retail (NSE:ABFRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aditya Birla Fashion and Retail Ltd (NSE:ABFRL) » Definitions » Receivables Turnover

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Traded in Other Exchanges

535755:India

Address

Unit No. 401, 403, 501, 502, L.B.S. Road, Building A, 4th and 5th Floor, Piramal Agastya Corporate Park, Kurla, Mumbai, MH, IND, 400 070

Website

https://www.abfrl.com

Aditya Birla Fashion and Retail Ltd manufactures and retails branded apparel and runs a chain of apparels and accessories retail stores in India. It offers Clothing products, Handbags, Cosmetics, Perfumes, Fashion, Jewellery and Watches, among other products. The company's key brands include Louis Philippe, Van Heusen, Allen Solly and Peter England. The operating segments of the group are Madura Fashion and Lifestyle which involves manufacturing, distribution, and retailing of branded fashion apparel and accessories; and Pantaloons which involves retailing of apparel and accessories. It derives key revenue from the Madura Fashion and Lifestyle segment. Geographically, the group has a business presence in India and Outside India, from which it generates a majority of its revenue in India.

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