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Shiva Suitings (BOM:521003) Receivables Turnover : 0.47 (As of Dec. 2024)


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What is Shiva Suitings 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. Shiva Suitings's Revenue for the three months ended in Dec. 2024 was ₹4.88 Mil. Shiva Suitings's average Accounts Receivable for the three months ended in Dec. 2024 was ₹10.44 Mil. Hence, Shiva Suitings's Receivables Turnover for the three months ended in Dec. 2024 was 0.47.


Shiva Suitings Receivables Turnover Historical Data

The historical data trend for Shiva Suitings'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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Shiva Suitings Receivables Turnover Chart

Shiva Suitings 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 3.28 2.05 2.08 3.58 2.60

Shiva Suitings 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 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 0.46 0.49 0.70 0.73 0.47

Competitive Comparison of Shiva Suitings's Receivables Turnover

For the Textile Manufacturing subindustry, Shiva Suitings'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.


Shiva Suitings's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

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


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Shiva Suitings Receivables Turnover Calculation

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

Shiva Suitings'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 )
=37.821 / ((17.051 + 11.996) / 2 )
=37.821 / 14.5235
=2.60

Shiva Suitings'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 )
=4.881 / ((10.438 + 0) / 1 )
=4.881 / 10.438
=0.47

* 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.


Shiva Suitings  (BOM:521003) 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.


Shiva Suitings Receivables Turnover Related Terms

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Shiva Suitings Business Description

Traded in Other Exchanges
N/A
Address
Kalbadevi Road, 3rd Floor, 384-M, Dabholkar Wadi, Mumbai, MH, IND, 400002
Shiva Suitings Ltd is engaged in the business of trading and manufacturing textile products. It offers fabrics, yarns, household linen, articles of clothing, floor coverings and tapestry, and sports clothes. Revenue is derived from India.

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