United Leasing & Industries (BOM:507808) Receivables Turnover : 1.34 (As of Mar. 2024)

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What is United Leasing & 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. United Leasing & Industries's Revenue for the three months ended in Mar. 2024 was ₹19.42 Mil. United Leasing & Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹14.53 Mil. Hence, United Leasing & Industries's Receivables Turnover for the three months ended in Mar. 2024 was 1.34.

United Leasing & Industries Receivables Turnover Historical Data

The historical data trend for United Leasing & 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.

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United Leasing & Industries Receivables Turnover Chart

United Leasing & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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4.68

2.64

6.88

6.35

3.98

United Leasing & Industries 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															0.51	0.57	0.64	1.00	1.34

Competitive Comparison of United Leasing & Industries's Receivables Turnover

For the Textile Manufacturing subindustry, United Leasing & 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.

United Leasing & Industries's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where United Leasing & Industries's Receivables Turnover falls into.

United Leasing & Industries Receivables Turnover Calculation

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

United Leasing & 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 )
=	71.958	/ (	(21.646	+	14.534)	/	2 )
=	71.958	/	18.09
=	3.98

United Leasing & Industries'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 )
=	19.418	/ (	(0	+	14.534)	/	1 )
=	19.418	/	14.534
=	1.34

United Leasing & Industries (BOM:507808) 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.

United Leasing & Industries Receivables Turnover Related Terms

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United Leasing & Industries (BOM:507808) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » United Leasing & Industries Ltd (BOM:507808) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

D-41, South Extension, Part-II, New Delhi, IND, 110049

Website

https://www.ulilltd.com

United Leasing & Industries Ltd is an India-based company. It operates as a manufacturer of embroidered fabrics in India. It also holds real estate land parcel.

United Leasing & Industries (BOM:507808) Headlines

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