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Ajanta Soya (BOM:519216) Receivables Turnover : 20.05 (As of Mar. 2024)


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What is Ajanta Soya 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. Ajanta Soya's Revenue for the three months ended in Mar. 2024 was ₹2,400 Mil. Ajanta Soya's average Accounts Receivable for the three months ended in Mar. 2024 was ₹120 Mil. Hence, Ajanta Soya's Receivables Turnover for the three months ended in Mar. 2024 was 20.05.


Ajanta Soya Receivables Turnover Historical Data

The historical data trend for Ajanta Soya'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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Ajanta Soya Receivables Turnover Chart

Ajanta Soya Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.64 54.38 66.88 42.09 42.00

Ajanta Soya 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.57 7.00 13.10 12.23 20.05

Competitive Comparison of Ajanta Soya's Receivables Turnover

For the Packaged Foods subindustry, Ajanta Soya'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.


Ajanta Soya's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ajanta Soya's Receivables Turnover distribution charts can be found below:

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



Ajanta Soya Receivables Turnover Calculation

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

Ajanta Soya'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 )
=10221.566 / ((367.027 + 119.703) / 2 )
=10221.566 / 243.365
=42.00

Ajanta Soya'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 )
=2400.329 / ((0 + 119.703) / 1 )
=2400.329 / 119.703
=20.05

* 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.


Ajanta Soya  (BOM:519216) 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.


Ajanta Soya Receivables Turnover Related Terms

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Ajanta Soya (BOM:519216) Business Description

Traded in Other Exchanges
N/A
Address
A-8, Netaji Subhash Place, 12th Floor, Bigjos Tower, Wazirpur District Centre, New Delhi, IND, 110 034
Ajanta Soya Ltd engages in the manufacture of vanaspati and refined oil with shortening products for the bakery like biscuits, puffs, pastries, and other applications. Its brands include Anchal, Dhruv, and Parv. The company generates a majority of its revenue from the sale of refined oil.

Ajanta Soya (BOM:519216) Headlines

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