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Mirza International (NSE:MIRZAINT) Receivables Turnover : 1.93 (As of Mar. 2024)


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What is Mirza International 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. Mirza International's Revenue for the three months ended in Mar. 2024 was ₹1,524 Mil. Mirza International's average Accounts Receivable for the three months ended in Mar. 2024 was ₹791 Mil. Hence, Mirza International's Receivables Turnover for the three months ended in Mar. 2024 was 1.93.


Mirza International Receivables Turnover Historical Data

The historical data trend for Mirza International'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.

* Premium members only.

Mirza International Receivables Turnover Chart

Mirza International Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.24 9.32 19.79 8.98 7.60

Mirza International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.68 1.85 2.02 1.18 1.93

Competitive Comparison of Mirza International's Receivables Turnover

For the Footwear & Accessories subindustry, Mirza International'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.


Mirza International's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Mirza International's Receivables Turnover falls into.



Mirza International Receivables Turnover Calculation

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

Mirza International's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Receivables Turnover (A: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2024 ) / ((Accounts Receivable (A: Mar. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count )
=6303.582 / ((867.6 + 791.2) / 2 )
=6303.582 / 829.4
=7.60

Mirza International's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

Receivables Turnover (Q: Mar. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Mar. 2024 ) / ((Accounts Receivable (Q: Dec. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=1523.88 / ((0 + 791.2) / 1 )
=1523.88 / 791.2
=1.93

* 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.


Mirza International  (NSE:MIRZAINT) 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.


Mirza International Receivables Turnover Related Terms

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Mirza International (NSE:MIRZAINT) Business Description

Traded in Other Exchanges
Address
A-7, Mathura Road, Mohan Co-operative Industrial Estate, New Delhi, IND, 110 044
Mirza International Ltd is engaged in the manufacturing and marketing of leather footwear and finished leather. Its business segment includes the Export division and Domestic Division, where the majority is generated from Export. Geographically the company generates the majority of its revenue from the UK. Its brand includes Thomas Crick, Off the Hook London, and Oaktrak.

Mirza International (NSE:MIRZAINT) Headlines

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