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Indo Rama Synthetics (India) (BOM:500207) Receivables Turnover : 5.60 (As of Dec. 2023)


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What is Indo Rama Synthetics (India) 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. Indo Rama Synthetics (India)'s Revenue for the three months ended in Dec. 2023 was ₹9,401 Mil. Indo Rama Synthetics (India)'s average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,677 Mil. Hence, Indo Rama Synthetics (India)'s Receivables Turnover for the three months ended in Dec. 2023 was 5.60.


Indo Rama Synthetics (India) Receivables Turnover Historical Data

The historical data trend for Indo Rama Synthetics (India)'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.

Indo Rama Synthetics (India) Receivables Turnover Chart

Indo Rama Synthetics (India) Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.67 27.15 20.15 27.11 22.64

Indo Rama Synthetics (India) Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.98 4.33 4.75 7.51 5.60

Competitive Comparison of Indo Rama Synthetics (India)'s Receivables Turnover

For the Textile Manufacturing subindustry, Indo Rama Synthetics (India)'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.


Indo Rama Synthetics (India)'s Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Indo Rama Synthetics (India)'s Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Indo Rama Synthetics (India)'s Receivables Turnover falls into.



Indo Rama Synthetics (India) Receivables Turnover Calculation

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

Indo Rama Synthetics (India)'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 )
=39073.1 / ((1829.8 + 1621.4) / 2 )
=39073.1 / 1725.6
=22.64

Indo Rama Synthetics (India)'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 )
=9401 / ((1677.4 + 0) / 1 )
=9401 / 1677.4
=5.60

* 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.


Indo Rama Synthetics (India)  (BOM:500207) 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.


Indo Rama Synthetics (India) Receivables Turnover Related Terms

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Indo Rama Synthetics (India) (BOM:500207) Business Description

Traded in Other Exchanges
Address
Delhi Press Building, Phase-1V, Plot No. 53 & 54, Udyog Vihar, Gurugram, HR, IND, 122 015
Indo Rama Synthetics (India) Ltd is an India-based polyester manufacturer company. The company offers products such as Polyester Staple Fibre (PSF), Partially Oriented Yarn (POY), Draw Texturised Yarn (DTY), Fully Drawn Yarn (FDY), Polyester Chips and Others. Its only operating segment being the manufacturing and trading of Polyster goods. Geographically, it derives a majority of revenue from India and also has a presence in Turkey, Nepal, and Other overseas countries.

Indo Rama Synthetics (India) (BOM:500207) Headlines

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