Texel Industries (BOM:526638) Receivables Turnover : 1.09 (As of Dec. 2024)

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What is Texel 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. Texel Industries's Revenue for the three months ended in Dec. 2024 was ₹260.4 Mil. Texel Industries's average Accounts Receivable for the three months ended in Dec. 2024 was ₹238.3 Mil. Hence, Texel Industries's Receivables Turnover for the three months ended in Dec. 2024 was 1.09.

Texel Industries Receivables Turnover Historical Data

The historical data trend for Texel 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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Texel Industries Receivables Turnover Chart

Texel Industries Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.66

6.93

7.16

8.07

6.08

Texel Industries 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															1.54	1.48	1.74	1.17	1.09

Competitive Comparison of Texel Industries's Receivables Turnover

For the Textile Manufacturing subindustry, Texel 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.

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

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

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

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Texel Industries Receivables Turnover Calculation

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

Texel 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 )
=	912.461	/ (	(163.655	+	136.661)	/	2 )
=	912.461	/	150.158
=	6.08

Texel Industries'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 )
=	260.433	/ (	(238.291	+	0)	/	1 )
=	260.433	/	238.291
=	1.09

Texel Industries (BOM:526638) 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.

Texel Industries Receivables Turnover Related Terms

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Texel Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Texel Industries Ltd (BOM:526638) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

Block No. 2106, Santej-Khatraj Road, Near Shah Alloys Ltd, Village Santej, Tal kalol, District, Gandhinagar, GJ, IND, 382 721

Website

https://www.geotexelin.com

Texel Industries Ltd manufactures and sells tarpaulins and geomembranes in India and internationally. The company has its capabilities in manufacturing a wide range of Geosynthetic Textile products which includes geomembranes, geotextiles and ground covers among others. The products are used in agriculture, aquaculture, horticulture, animal husbandry, civil engineering, water harvesting, water conservation and disaster relief, landscaping, transportation, pollution control and waste management.

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