Jumbo Bag (BOM:516078) Receivables Turnover : 0.88 (As of Mar. 2024)

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What is Jumbo Bag 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. Jumbo Bag's Revenue for the three months ended in Mar. 2024 was ₹269 Mil. Jumbo Bag's average Accounts Receivable for the three months ended in Mar. 2024 was ₹304 Mil. Hence, Jumbo Bag's Receivables Turnover for the three months ended in Mar. 2024 was 0.88.

Jumbo Bag Receivables Turnover Historical Data

The historical data trend for Jumbo Bag'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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Jumbo Bag Receivables Turnover Chart

Jumbo Bag Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.38

2.84

3.42

3.09

3.25

Jumbo Bag 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															0.66	0.72	0.75	0.70	0.88

Competitive Comparison of Jumbo Bag's Receivables Turnover

For the Packaging & Containers subindustry, Jumbo Bag'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.

Jumbo Bag's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Jumbo Bag's Receivables Turnover distribution charts can be found below:

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

Jumbo Bag Receivables Turnover Calculation

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

Jumbo Bag'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 )
=	1043.213	/ (	(337.915	+	304.392)	/	2 )
=	1043.213	/	321.1535
=	3.25

Jumbo Bag'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 )
=	269.329	/ (	(0	+	304.392)	/	1 )
=	269.329	/	304.392
=	0.88

Jumbo Bag (BOM:516078) 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.

Jumbo Bag Receivables Turnover Related Terms

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Jumbo Bag (BOM:516078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jumbo Bag Ltd (BOM:516078) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Floor, Nowroji Road, Chetpet, S.K. Enclave, New No. 4 (Old No. 47), Chennai, TN, IND, 600 031

Website

https://www.jumbobaglimited.com

Jumbo Bag Ltd is an India-based company. The company is engaged in the manufacturing of Flexible Intermediate Bulk Bags (FIBC bags) generally used for industrial purposes. Its operating segment includes Manufacturing and Trading. The Trading segment involves trading of Polymers. It generates maximum revenue from the Manufacturing segment. The company products are widely used for storage, transportation and handling of powder, flake or granular materials.

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