Sunil Industries (BOM:521232) Receivables Turnover : 0.42 (As of Mar. 2024)

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What is Sunil 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. Sunil Industries's Revenue for the three months ended in Mar. 2024 was ₹141 Mil. Sunil Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹336 Mil. Hence, Sunil Industries's Receivables Turnover for the three months ended in Mar. 2024 was 0.42.

Sunil Industries Receivables Turnover Historical Data

The historical data trend for Sunil 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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Sunil Industries Receivables Turnover Chart

Sunil Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.11

2.93

4.32

5.64

5.34

Sunil Industries 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															0.49	2.33	0.53	0.66	0.42

Competitive Comparison of Sunil Industries's Receivables Turnover

For the Textile Manufacturing subindustry, Sunil 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.

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

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

* The bar in red indicates where Sunil Industries's Receivables Turnover falls into.

Sunil Industries Receivables Turnover Calculation

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

Sunil 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 )
=	1802.058	/ (	(338.8	+	335.815)	/	2 )
=	1802.058	/	337.3075
=	5.34

Sunil Industries'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 )
=	140.615	/ (	(0	+	335.815)	/	1 )
=	140.615	/	335.815
=	0.42

Sunil Industries (BOM:521232) 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.

Sunil Industries Receivables Turnover Related Terms

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Sunil Industries (BOM:521232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sunil Industries Ltd (BOM:521232) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

315, Rewa Chambers, New Marine Lines, Mumbai, MH, IND, 400020

Website

https://www.sunilgroup.com

Sunil Industries Ltd is in the business of textiles. The company owns a manufacturing unit where it spins, weaves, knits, processes, stitches, and supplies finished textile products. The firm has manufacturing plants at Ichalkaranji, Dindigul & Dombivli that have Singeing, Shearing and Cropping, Open Width Bleaching, Continuous Dyeing Range, Double Width Mercerizing, and Sanforising technologies. Company products consist of bleached, dyed, printed cotton fabrics, flannelette cloth, flannelette rolls, woolen blended fabric, synthetic web equipment, etc. It is also engaged in S.D. Parachute Fabric, Nylon fabric for Parachute, and camouflage pattern printed on all types of fabric.

Sunil Industries (BOM:521232) Headlines

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