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Siyaram Silk Mills (BOM:503811) Receivables Turnover : 1.39 (As of Mar. 2024)


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What is Siyaram Silk Mills 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. Siyaram Silk Mills's Revenue for the three months ended in Mar. 2024 was ₹6,478 Mil. Siyaram Silk Mills's average Accounts Receivable for the three months ended in Mar. 2024 was ₹4,677 Mil. Hence, Siyaram Silk Mills's Receivables Turnover for the three months ended in Mar. 2024 was 1.39.


Siyaram Silk Mills Receivables Turnover Historical Data

The historical data trend for Siyaram Silk Mills'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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Siyaram Silk Mills Receivables Turnover Chart

Siyaram Silk Mills 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 4.63 3.62 5.88 5.49 4.68

Siyaram Silk Mills Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 1.63 0.83 1.32 1.13 1.39

Competitive Comparison of Siyaram Silk Mills's Receivables Turnover

For the Textile Manufacturing subindustry, Siyaram Silk Mills'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.


Siyaram Silk Mills's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Siyaram Silk Mills's Receivables Turnover falls into.



Siyaram Silk Mills Receivables Turnover Calculation

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

Siyaram Silk Mills'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 )
=20920.5 / ((4271.614 + 4677) / 2 )
=20920.5 / 4474.307
=4.68

Siyaram Silk Mills'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 )
=6477.7 / ((0 + 4677) / 1 )
=6477.7 / 4677
=1.39

* 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.


Siyaram Silk Mills  (BOM:503811) 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.


Siyaram Silk Mills Receivables Turnover Related Terms

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Siyaram Silk Mills (BOM:503811) Business Description

Traded in Other Exchanges
Address
Senapati Bapat Marg, B-5, Trade World, Kamala City, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013
Siyaram Silk Mills Ltd is an Indian company that is engaged in the manufacturing of suiting and shirting fabrics and readymade garments. It sells its products under the brand name Cadini, Siyaram's, Oxemberg, and others. The company produces fashionable curtains and upholstery fabrics under the Casa Moda brand. The company operates a chain of retail outlets across India The company earns its revenue from the textile business.

Siyaram Silk Mills (BOM:503811) Headlines

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