Swasti Vinayaka Synthetics (BOM:510245) Receivables Turnover : 0.84 (As of Dec. 2024)

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What is Swasti Vinayaka Synthetics 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. Swasti Vinayaka Synthetics's Revenue for the three months ended in Dec. 2024 was ₹98.2 Mil. Swasti Vinayaka Synthetics's average Accounts Receivable for the three months ended in Dec. 2024 was ₹117.3 Mil. Hence, Swasti Vinayaka Synthetics's Receivables Turnover for the three months ended in Dec. 2024 was 0.84.

Swasti Vinayaka Synthetics Receivables Turnover Historical Data

The historical data trend for Swasti Vinayaka Synthetics'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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Swasti Vinayaka Synthetics Receivables Turnover Chart

Swasti Vinayaka Synthetics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

3.28

2.08

2.87

3.27

3.77

Swasti Vinayaka Synthetics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.22	0.97	1.33	0.72	0.84

Competitive Comparison of Swasti Vinayaka Synthetics's Receivables Turnover

For the Apparel Manufacturing subindustry, Swasti Vinayaka Synthetics'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.

Swasti Vinayaka Synthetics's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Swasti Vinayaka Synthetics's Receivables Turnover falls into.

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Swasti Vinayaka Synthetics Receivables Turnover Calculation

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

Swasti Vinayaka Synthetics'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 )
=	306.561	/ (	(91.367	+	71.348)	/	2 )
=	306.561	/	81.3575
=	3.77

Swasti Vinayaka Synthetics's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	98.208	/ (	(117.292	+	0)	/	1 )
=	98.208	/	117.292
=	0.84

Swasti Vinayaka Synthetics (BOM:510245) 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.

Swasti Vinayaka Synthetics Receivables Turnover Related Terms

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Swasti Vinayaka Synthetics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swasti Vinayaka Synthetics Ltd (BOM:510245) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

J.R. Boricha Marg, 306, Tantia Jogani Industrial Estate, Next to Lodha Bellissimo, Lower Parel, Mumbai, MH, IND, 400 011

Website

http://www.swastivinayaka.com

Swasti Vinayaka Synthetics Ltd is a manufacturer of suiting, shirting, and apparel including cotton, cotton-blended, and linen designer shirting. The company has weaving facilities that comprise Somet Super Excel Looms, yarn doublers, and stitching facilities at its plants located at Tarapur and Palghar in Maharashtra. The products of the company are sold directly to retail chains, the readymade garment sector, garment exporters, and corporate houses. The company supplies salwar kameez and tunics and designs bridal and formal ethnic wear for its boutique. Its shirting fabrics are comprised of cotton, linen, lycra, polyester, viscose, and their blends.

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