Magson Retail and Distribution (NSE:MAGSON) Receivables Turnover : 11.89 (As of Sep. 2023)

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What is Magson Retail and Distribution 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. Magson Retail and Distribution's Revenue for the six months ended in Sep. 2023 was ₹345.9 Mil. Magson Retail and Distribution's average Accounts Receivable for the six months ended in Sep. 2023 was ₹29.1 Mil. Hence, Magson Retail and Distribution's Receivables Turnover for the six months ended in Sep. 2023 was 11.89.

Magson Retail and Distribution Receivables Turnover Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Receivables Turnover Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Receivables Turnover

49.18

45.25

45.31

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	-	-	22.08	23.21	11.89

Competitive Comparison of Magson Retail and Distribution's Receivables Turnover

For the Grocery Stores subindustry, Magson Retail and Distribution'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.

Magson Retail and Distribution's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Magson Retail and Distribution's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Magson Retail and Distribution's Receivables Turnover falls into.

Magson Retail and Distribution Receivables Turnover Calculation

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

Magson Retail and Distribution'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 )
=	628.192	/ (	(13.658	+	14.07)	/	2 )
=	628.192	/	13.864
=	45.31

Magson Retail and Distribution's Receivables Turnover for the quarter that ended in Sep. 2023 is calculated as

	Receivables Turnover (Q: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2023 )	/ (	(Accounts Receivable (Q: Mar. 2023 )	+	Accounts Receivable (Q: Sep. 2023 ))	/	count )
=	345.907	/ (	(14.07	+	44.116)	/	2 )
=	345.907	/	29.093
=	11.89

Magson Retail and Distribution (NSE:MAGSON) 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.

Magson Retail and Distribution Receivables Turnover Related Terms

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Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

Magson Retail and Distribution (NSE:MAGSON) Headlines

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