Riddhi Siddhi Gluco Biols (BOM:524480) Receivables Turnover : 2.22 (As of Mar. 2024)

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What is Riddhi Siddhi Gluco Biols 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. Riddhi Siddhi Gluco Biols's Revenue for the three months ended in Mar. 2024 was ₹507 Mil. Riddhi Siddhi Gluco Biols's average Accounts Receivable for the three months ended in Mar. 2024 was ₹228 Mil. Hence, Riddhi Siddhi Gluco Biols's Receivables Turnover for the three months ended in Mar. 2024 was 2.22.

Riddhi Siddhi Gluco Biols Receivables Turnover Historical Data

The historical data trend for Riddhi Siddhi Gluco Biols'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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Riddhi Siddhi Gluco Biols Receivables Turnover Chart

Riddhi Siddhi Gluco Biols Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

3.88

2.84

2.91

3.70

8.15

Riddhi Siddhi Gluco Biols 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															1.64	1.48	0.50	3.74	2.22

Competitive Comparison of Riddhi Siddhi Gluco Biols's Receivables Turnover

For the Agricultural Inputs subindustry, Riddhi Siddhi Gluco Biols'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.

Riddhi Siddhi Gluco Biols's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Riddhi Siddhi Gluco Biols's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Riddhi Siddhi Gluco Biols's Receivables Turnover falls into.

Riddhi Siddhi Gluco Biols Receivables Turnover Calculation

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

Riddhi Siddhi Gluco Biols'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 )
=	2679.77	/ (	(429.645	+	227.882)	/	2 )
=	2679.77	/	328.7635
=	8.15

Riddhi Siddhi Gluco Biols'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 )
=	506.923	/ (	(0	+	227.882)	/	1 )
=	506.923	/	227.882
=	2.22

Riddhi Siddhi Gluco Biols (BOM:524480) 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.

Riddhi Siddhi Gluco Biols Receivables Turnover Related Terms

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Riddhi Siddhi Gluco Biols (BOM:524480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Riddhi Siddhi Gluco Biols Ltd (BOM:524480) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ambali - Bopal Road, 10, Abhishree Corporate Park, Near Swagat Bunglows BRTS Bus Stop, Ambali, Ahmedabad, GJ, IND, 380 058

Website

https://www.riddhisiddhi.co.in

Riddhi Siddhi Gluco Biols Ltd is engaged in the business of generation and selling power through windmills and trading of agriculture and metal commodity items. The company operates in various business segments that include Wind Energy Generation and Commodity Trading Business. The business caters to the domestic and international markets. The company generates the majority of its revenue from the Trading business, which is the sale of agricultural commodities.

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