Soma Textiles & Industries (BOM:521034) Receivables Turnover : 0.26 (As of Dec. 2024)

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What is Soma Textiles & Industries 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. Soma Textiles & Industries's Revenue for the three months ended in Dec. 2024 was ₹5.90 Mil. Soma Textiles & Industries's average Accounts Receivable for the three months ended in Dec. 2024 was ₹23.10 Mil. Hence, Soma Textiles & Industries's Receivables Turnover for the three months ended in Dec. 2024 was 0.26.

Soma Textiles & Industries Receivables Turnover Historical Data

The historical data trend for Soma Textiles & Industries'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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Soma Textiles & Industries Receivables Turnover Chart

Soma Textiles & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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189.52

64.08

67.03

4.88

3.18

Soma Textiles & Industries 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															1.20	0.60	0.81	1.58	0.26

Competitive Comparison of Soma Textiles & Industries's Receivables Turnover

For the Textile Manufacturing subindustry, Soma Textiles & Industries'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.

Soma Textiles & Industries's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Soma Textiles & Industries's Receivables Turnover falls into.

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Soma Textiles & Industries Receivables Turnover Calculation

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

Soma Textiles & Industries'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 )
=	57.268	/ (	(18.845	+	17.18)	/	2 )
=	57.268	/	18.0125
=	3.18

Soma Textiles & Industries'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 )
=	5.9	/ (	(23.1	+	0)	/	1 )
=	5.9	/	23.1
=	0.26

Soma Textiles & Industries (BOM:521034) 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.

Soma Textiles & Industries Receivables Turnover Related Terms

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Soma Textiles & Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Soma Textiles & Industries Ltd (BOM:521034) » Definitions » Receivables Turnover

Traded in Other Exchanges

SOMATEX:India

Address

Dinshaw Wachha Road, 6, Vaswani Mansion, Backbay Reclamation, Mumbai, MH, IND, 400 020

Website

http://www.somatextiles.com

Soma Textiles & Industries Ltd is a textile manufacturing company. The Company has identified Textile Business as its only primary reportable segment in Trading and manufacturing. It manufactures and sells cloth in India and internationally. The company's products include piece-dyed fabrics. The company is in the business of manufacturing Cotton Yarn, Denim Fabrics, Shirtings, and Garments.

Soma Textiles & Industries Headlines

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