Shree Bhavya Fabrics (BOM:521131) Receivables Turnover : 0.73 (As of Jun. 2024)

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What is Shree Bhavya Fabrics 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. Shree Bhavya Fabrics's Revenue for the three months ended in Jun. 2024 was ₹457 Mil. Shree Bhavya Fabrics's average Accounts Receivable for the three months ended in Jun. 2024 was ₹627 Mil. Hence, Shree Bhavya Fabrics's Receivables Turnover for the three months ended in Jun. 2024 was 0.73.

Shree Bhavya Fabrics Receivables Turnover Historical Data

The historical data trend for Shree Bhavya Fabrics'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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Shree Bhavya Fabrics Receivables Turnover Chart

Shree Bhavya Fabrics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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2.38

1.97

2.46

2.88

2.46

Shree Bhavya Fabrics Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															0.54	0.64	0.47	0.81	0.73

Competitive Comparison of Shree Bhavya Fabrics's Receivables Turnover

For the Textile Manufacturing subindustry, Shree Bhavya Fabrics'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.

Shree Bhavya Fabrics's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shree Bhavya Fabrics's Receivables Turnover falls into.

Shree Bhavya Fabrics Receivables Turnover Calculation

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

Shree Bhavya Fabrics'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 )
=	1705.9	/ (	(758.866	+	626.515)	/	2 )
=	1705.9	/	692.6905
=	2.46

Shree Bhavya Fabrics's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	456.927	/ (	(626.515	+	0)	/	1 )
=	456.927	/	626.515
=	0.73

Shree Bhavya Fabrics (BOM:521131) 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.

Shree Bhavya Fabrics Receivables Turnover Related Terms

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Shree Bhavya Fabrics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shree Bhavya Fabrics Ltd (BOM:521131) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

252 New Cloth Market, O/S Raipur Gate, Ahmedabad, GJ, IND, 380002

Website

https://www.shreebhavyafabrics.com

Shree Bhavya Fabrics Ltd ventures in the textile industry. The company is engaged in textile manufacturing and related activities. It offers fabric and grey fabrics, including fabricated and home textiles. It offers products, including home furnishings, bottom-weight fabric, and shirting fabric. Its home furnishings include bed sheets, quilt covers/duvet covers, flat sheets, fitted sheets, and cushion covers. The company's bottom-weight products include dobbies, double cloth, corduroys, cotton twills, and others. Its shirting fabric products include casuals, plaid, striped, military, and western.

Shree Bhavya Fabrics Headlines

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