Ganesha Ecosphere (BOM:514167) Receivables Turnover : 2.29 (As of Dec. 2023)

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What is Ganesha Ecosphere 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. Ganesha Ecosphere's Revenue for the three months ended in Dec. 2023 was ₹2,848 Mil. Ganesha Ecosphere's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1,244 Mil. Hence, Ganesha Ecosphere's Receivables Turnover for the three months ended in Dec. 2023 was 2.29.

Ganesha Ecosphere Receivables Turnover Historical Data

The historical data trend for Ganesha Ecosphere'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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Ganesha Ecosphere Receivables Turnover Chart

Ganesha Ecosphere Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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12.18

9.53

7.32

9.21

10.22

Ganesha Ecosphere Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															2.71	2.36	2.63	2.33	2.29

Competitive Comparison of Ganesha Ecosphere's Receivables Turnover

For the Textile Manufacturing subindustry, Ganesha Ecosphere'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.

Ganesha Ecosphere's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Ganesha Ecosphere Receivables Turnover Calculation

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

Ganesha Ecosphere's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	11796.314	/ (	(1161.513	+	1147.589)	/	2 )
=	11796.314	/	1154.551
=	10.22

Ganesha Ecosphere's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	2848.26	/ (	(1243.82	+	0)	/	1 )
=	2848.26	/	1243.82
=	2.29

Ganesha Ecosphere (BOM:514167) 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.

Ganesha Ecosphere Receivables Turnover Related Terms

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Ganesha Ecosphere (BOM:514167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ganesha Ecosphere Ltd (BOM:514167) » Definitions » Receivables Turnover

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GANECOS:India

Address

113/216-B, Swaroop Nagar, First Floor, Kanpur, UP, IND, 208002

Website

https://www.ganeshaecosphere.com

Ganesha Ecosphere Ltd deals in the manufacture and sale of polyester staple fiber and spun yarn. The company is involved in the manufacture of recycled polyester staple fiber (RPSF) and recycled polyester spun yarn (RPSY) from pre-and post-consumer polyethylene terephthalate (PET) bottle scrap. Firm' products have application in the manufacture of textiles (T-shirts, body warmers), functional textiles (non-woven air filter fabric, geotextiles, carpets, car upholstery) and fillings (for pillows, duvets, toys). Majority of the company's revenue is derived in India.

Ganesha Ecosphere (BOM:514167) Headlines

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