GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Mitshi India Ltd (BOM:523782) » Definitions » Receivables Turnover

Mitshi India (BOM:523782) Receivables Turnover : 0.60 (As of Dec. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Mitshi India 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. Mitshi India's Revenue for the three months ended in Dec. 2024 was ₹13.52 Mil. Mitshi India's average Accounts Receivable for the three months ended in Dec. 2024 was ₹22.41 Mil. Hence, Mitshi India's Receivables Turnover for the three months ended in Dec. 2024 was 0.60.


Mitshi India Receivables Turnover Historical Data

The historical data trend for Mitshi India'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.

* Premium members only.

Mitshi India Receivables Turnover Chart

Mitshi India Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 5.94 3.59 2.40 4.48 12.59

Mitshi India 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 - 1.29 0.44 0.53 0.60

Competitive Comparison of Mitshi India's Receivables Turnover

For the Food Distribution subindustry, Mitshi India'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.


Mitshi India's Receivables Turnover Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Mitshi India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mitshi India's Receivables Turnover falls into.


;
;

Mitshi India Receivables Turnover Calculation

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

Mitshi India'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 )
=202.358 / ((9.066 + 23.073) / 2 )
=202.358 / 16.0695
=12.59

Mitshi India'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 )
=13.522 / ((22.408 + 0) / 1 )
=13.522 / 22.408
=0.60

* 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.


Mitshi India  (BOM:523782) 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.


Mitshi India Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Mitshi India's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Mitshi India Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Juhu Aradhana CHS Ltd, Juhu Lane, Barfiwala Lane, Ground Floor, Andheri (West), Mumbai, MH, IND, 400058
Mitshi India Ltd is engaged in the trading of fruits and vegetables and some software business.

Mitshi India Headlines

No Headlines