Neelkanth (BOM:512565) Receivables Turnover : 0.58 (As of Mar. 2024)

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What is Neelkanth 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. Neelkanth's Revenue for the three months ended in Mar. 2024 was ₹10.30 Mil. Neelkanth's average Accounts Receivable for the three months ended in Mar. 2024 was ₹17.74 Mil. Hence, Neelkanth's Receivables Turnover for the three months ended in Mar. 2024 was 0.58.

Neelkanth Receivables Turnover Historical Data

The historical data trend for Neelkanth'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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Neelkanth Receivables Turnover Chart

Neelkanth Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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25.70

24.57

2.94

0.91

3.22

Neelkanth 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															-	-	0.99	0.98	0.58

Competitive Comparison of Neelkanth's Receivables Turnover

For the Food Distribution subindustry, Neelkanth'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.

Neelkanth's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Neelkanth's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Neelkanth's Receivables Turnover falls into.

Neelkanth Receivables Turnover Calculation

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

Neelkanth'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 )
=	57.185	/ (	(0	+	17.743)	/	1 )
=	57.185	/	17.743
=	3.22

Neelkanth'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 )
=	10.298	/ (	(0	+	17.743)	/	1 )
=	10.298	/	17.743
=	0.58

Neelkanth (BOM:512565) 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.

Neelkanth Receivables Turnover Related Terms

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Neelkanth (BOM:512565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Neelkanth Ltd (BOM:512565) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jamnalal Bajaj Marg, 508, Dalamal House, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.rtexports.com

R T Exports Ltd is engaged in the business of trading and export of rice and warehousing of Agro products. The company sells basmati rice under the brand name White Pearl. Its segment comprises Agro Segment and Others. The products of the company are distributed across the United States of America, the United Kingdom, European countries, Saudi Arabia, Kuwait, India, and the United Arab Emirates. The firm generates the majority of its revenue from India.

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