Euro India Fresh Foods (NSE:EIFFL) Receivables Turnover : 7.35 (As of Mar. 2023)

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What is Euro India Fresh Foods 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. Euro India Fresh Foods's Revenue for the six months ended in Mar. 2023 was ₹1,389 Mil. Euro India Fresh Foods's average Accounts Receivable for the six months ended in Mar. 2023 was ₹189 Mil. Hence, Euro India Fresh Foods's Receivables Turnover for the six months ended in Mar. 2023 was 7.35.

Euro India Fresh Foods Receivables Turnover Historical Data

The historical data trend for Euro India Fresh Foods'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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Euro India Fresh Foods Receivables Turnover Chart

Euro India Fresh Foods Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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3.34

4.82

5.90

7.18

7.35

Euro India Fresh Foods Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Receivables Turnover	Get a 7-Day Free Trial							3.34	4.82	5.90	7.18	7.35

Competitive Comparison of Euro India Fresh Foods's Receivables Turnover

For the Packaged Foods subindustry, Euro India Fresh Foods'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.

Euro India Fresh Foods's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Euro India Fresh Foods's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Euro India Fresh Foods's Receivables Turnover falls into.

Euro India Fresh Foods Receivables Turnover Calculation

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

Euro India Fresh Foods'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 )
=	1388.6	/ (	(153.6	+	224.5)	/	2 )
=	1388.6	/	189.05
=	7.35

Euro India Fresh Foods's Receivables Turnover for the quarter that ended in Mar. 2023 is calculated as

	Receivables Turnover (Q: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2022 )	+	Accounts Receivable (Q: Mar. 2023 ))	/	count )
=	1388.6	/ (	(153.6	+	224.5)	/	2 )
=	1388.6	/	189.05
=	7.35

Euro India Fresh Foods (NSE:EIFFL) 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.

Euro India Fresh Foods Receivables Turnover Related Terms

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Euro India Fresh Foods (NSE:EIFFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Euro India Fresh Foods Ltd (NSE:EIFFL) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Andheri Kurla Road, Near Cinemax Theater, 501, 5th Floor, The Summit Business Bay, Andheri (East), Mumbai, MH, IND, 400059

Website

https://www.euroindiafoods.com

Euro India Fresh Foods Ltd is an Indian Food business firm. The company is engaged in manufacturing and selling processed food and beverages which is the only business segment. Company products include; Euro Chips, Euro Namkeens, Euro Getmore, Euro Wheels, packaged drinking water Euro Spa, Euro's mango drink Fresho, and lemon-based drinks Euro Lemoni. The firm has outlets in cities such as Surat, Ahmedabad, Bhavnagar, Mumbai and Others. Euro also exports products overseas however the majority of the revenue accrues from domestic sales.

Euro India Fresh Foods (NSE:EIFFL) Headlines

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