Jet Freight Logistics (NSE:JETFREIGHT) Receivables Turnover : 1.91 (As of Dec. 2023)

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What is Jet Freight Logistics 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. Jet Freight Logistics's Revenue for the three months ended in Dec. 2023 was ₹946 Mil. Jet Freight Logistics's average Accounts Receivable for the three months ended in Dec. 2023 was ₹495 Mil. Hence, Jet Freight Logistics's Receivables Turnover for the three months ended in Dec. 2023 was 1.91.

Jet Freight Logistics Receivables Turnover Historical Data

The historical data trend for Jet Freight Logistics'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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Jet Freight Logistics Receivables Turnover Chart

Jet Freight Logistics Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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5.48

5.65

8.51

10.42

9.09

Jet Freight Logistics Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															1.99	1.97	2.40	1.85	1.91

Competitive Comparison of Jet Freight Logistics's Receivables Turnover

For the Integrated Freight & Logistics subindustry, Jet Freight Logistics'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.

Jet Freight Logistics's Receivables Turnover Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jet Freight Logistics's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Jet Freight Logistics's Receivables Turnover falls into.

Jet Freight Logistics Receivables Turnover Calculation

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

Jet Freight Logistics'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 )
=	4266.433	/ (	(452.876	+	486.285)	/	2 )
=	4266.433	/	469.5805
=	9.09

Jet Freight Logistics'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 )
=	945.619	/ (	(495.165	+	0)	/	1 )
=	945.619	/	495.165
=	1.91

Jet Freight Logistics (NSE:JETFREIGHT) 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.

Jet Freight Logistics Receivables Turnover Related Terms

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Jet Freight Logistics (NSE:JETFREIGHT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jet Freight Logistics Ltd (NSE:JETFREIGHT) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

543420:India

Address

Cardinal Gracious Road, Opposite P&G Corporate Park, Pramukh Plaza, 706, C wing, 7th Floor, Opposite Holy Family Church, Chakala, Andheri East, Mumbai, MH, IND, 400099

Website

https://www.jfll.com

Jet Freight Logistics Ltd is engaged in the business of freight Forwarding for handling Perishable, General, and time-sensitive cargo and handling general and other kinds of cargo. The Company is offering a wide range of Supply Chain services such as Air Cargo Door-to-Door (Air Cargo DTD) services, Surface Parcel Delivery (SPD) Services to its customers, and Third Party Warehousing. Jet freight logistics offers a wide variety of services to its clients. Apart from Perishable, Time Sensitive, and General Cargo, the Company's service includes custom Clearance, Logistics Solutions, Shipment of Hazardous cargo, and ODC consignments. The Company operates in a single segment.

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