SMVD Poly Pack (NSE:SMVD) Receivables Turnover : 2.47 (As of Sep. 2023)

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What is SMVD Poly Pack 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. SMVD Poly Pack's Revenue for the six months ended in Sep. 2023 was ₹232.3 Mil. SMVD Poly Pack's average Accounts Receivable for the six months ended in Sep. 2023 was ₹94.0 Mil. Hence, SMVD Poly Pack's Receivables Turnover for the six months ended in Sep. 2023 was 2.47.

SMVD Poly Pack Receivables Turnover Historical Data

The historical data trend for SMVD Poly Pack'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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SMVD Poly Pack Receivables Turnover Chart

SMVD Poly Pack Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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9.97

7.70

6.49

6.87

5.20

SMVD Poly Pack Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Receivables Turnover	Get a 7-Day Free Trial											3.37	3.50	2.96	3.92	2.47

Competitive Comparison of SMVD Poly Pack's Receivables Turnover

For the Packaging & Containers subindustry, SMVD Poly Pack'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.

SMVD Poly Pack's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, SMVD Poly Pack's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where SMVD Poly Pack's Receivables Turnover falls into.

SMVD Poly Pack Receivables Turnover Calculation

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

SMVD Poly Pack'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 )
=	796.62	/ (	(131.987	+	174.44)	/	2 )
=	796.62	/	153.2135
=	5.20

SMVD Poly Pack'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 )
=	232.305	/ (	(174.44	+	13.553)	/	2 )
=	232.305	/	93.9965
=	2.47

SMVD Poly Pack (NSE:SMVD) 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.

SMVD Poly Pack Receivables Turnover Related Terms

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SMVD Poly Pack (NSE:SMVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » SMVD Poly Pack Ltd (NSE:SMVD) » Definitions » Receivables Turnover

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Address

16, Strand Road, 8th Floor, Suite No.- 804B, Diamond Heritage, Kolkata, WB, IND, 700 001

Website

https://www.smvdpolypack.com

SMVD Poly Pack Ltd is an Indian company engaged in manufacturing Polypropylene/ High-Density Polyethylene woven sacks bags and sacks, Leno Bags, Jumbo (Flexible Intermediate Bulk Container) FIBC Bags, and HDPE Tarpaulin. The company serves many industries such as fertilizer plants, cement plants, chemical industries, flour mills, Steel, Plastic compounds, Rice Plants, Poultry Farms, and others. It operates through two segments: Plastic products and Water Coconut.

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