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IFB Agro Industries (BOM:507438) Receivables Turnover : 3.30 (As of Jun. 2024)


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What is IFB Agro Industries 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. IFB Agro Industries's Revenue for the three months ended in Jun. 2024 was ₹2,652 Mil. IFB Agro Industries's average Accounts Receivable for the three months ended in Jun. 2024 was ₹803 Mil. Hence, IFB Agro Industries's Receivables Turnover for the three months ended in Jun. 2024 was 3.30.


IFB Agro Industries Receivables Turnover Historical Data

The historical data trend for IFB Agro Industries'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.

IFB Agro Industries Receivables Turnover Chart

IFB Agro Industries 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 15.54 8.09 11.48 20.43 13.92

IFB Agro Industries Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 4.46 2.84 2.90 2.56 3.30

Competitive Comparison of IFB Agro Industries's Receivables Turnover

For the Beverages - Wineries & Distilleries subindustry, IFB Agro Industries'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.


IFB Agro Industries's Receivables Turnover Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, IFB Agro Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where IFB Agro Industries's Receivables Turnover falls into.



IFB Agro Industries Receivables Turnover Calculation

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

IFB Agro Industries'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 )
=9208.6 / ((519.9 + 803.2) / 2 )
=9208.6 / 661.55
=13.92

IFB Agro Industries's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=2652.3 / ((803.2 + 0) / 1 )
=2652.3 / 803.2
=3.30

* 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.


IFB Agro Industries  (BOM:507438) 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.


IFB Agro Industries Receivables Turnover Related Terms

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IFB Agro Industries Business Description

Traded in Other Exchanges
Address
Plot Number IND-5, Sector I, East Kolkata Township, Kolkata, WB, IND, 700 107
IFB Agro Industries Ltd is engaged in the business of manufacturing alcohol, bottling branded alcoholic beverages as well as processed and packed marine foods both for domestic and export markets. The company operates in two segments: Spirit, spirituous beverages and allied products, and Marine. IFB Agro derives majority of its revenue from its Spirit, spirituous beverages and allied products segment.

IFB Agro Industries Headlines

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