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United Textiles (BOM:521188) Receivables Turnover : 5.30 (As of Mar. 2024)


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What is United Textiles 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. United Textiles's Revenue for the three months ended in Mar. 2024 was ₹28.4 Mil. United Textiles's average Accounts Receivable for the three months ended in Mar. 2024 was ₹5.3 Mil. Hence, United Textiles's Receivables Turnover for the three months ended in Mar. 2024 was 5.30.


United Textiles Receivables Turnover Historical Data

The historical data trend for United Textiles'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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United Textiles Receivables Turnover Chart

United Textiles 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 7.44 7.67 10.49 9.67 11.38

United Textiles 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 1.94 1.59 1.37 1.91 5.30

Competitive Comparison of United Textiles's Receivables Turnover

For the Textile Manufacturing subindustry, United Textiles'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.


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

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

* The bar in red indicates where United Textiles's Receivables Turnover falls into.



United Textiles Receivables Turnover Calculation

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

United Textiles'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 )
=133.251 / ((18.069 + 5.348) / 2 )
=133.251 / 11.7085
=11.38

United Textiles'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 )
=28.358 / ((0 + 5.348) / 1 )
=28.358 / 5.348
=5.30

* 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.


United Textiles  (BOM:521188) 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.


United Textiles Receivables Turnover Related Terms

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United Textiles (BOM:521188) Business Description

Traded in Other Exchanges
N/A
Address
Sector-33, 557-P, 4th Floor, Hisar, HR, IND, 125001
United Textiles Ltd is an India-based company engaged in manufacturing Cotton Yarn. It operates in the cotton yarn segment. The company caters only to the Indian market. The revenue is generated from the sale of products.

United Textiles (BOM:521188) Headlines

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