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Garnet Construction (BOM:526727) Receivables Turnover : 0.22 (As of Mar. 2024)


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What is Garnet Construction 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. Garnet Construction's Revenue for the three months ended in Mar. 2024 was ₹68.6 Mil. Garnet Construction's average Accounts Receivable for the three months ended in Mar. 2024 was ₹307.5 Mil. Hence, Garnet Construction's Receivables Turnover for the three months ended in Mar. 2024 was 0.22.


Garnet Construction Receivables Turnover Historical Data

The historical data trend for Garnet Construction'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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Garnet Construction Receivables Turnover Chart

Garnet Construction 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 1.90 1.82 0.15 0.06 0.34

Garnet Construction 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 - 0.01 0.03 0.08 0.22

Competitive Comparison of Garnet Construction's Receivables Turnover

For the Real Estate - Development subindustry, Garnet Construction'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.


Garnet Construction's Receivables Turnover Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Garnet Construction's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Garnet Construction's Receivables Turnover falls into.



Garnet Construction Receivables Turnover Calculation

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

Garnet Construction'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 )
=111.303 / ((342.455 + 307.536) / 2 )
=111.303 / 324.9955
=0.34

Garnet Construction'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 )
=68.558 / ((0 + 307.536) / 1 )
=68.558 / 307.536
=0.22

* 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.


Garnet Construction  (BOM:526727) 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.


Garnet Construction Receivables Turnover Related Terms

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Garnet Construction (BOM:526727) Business Description

Traded in Other Exchanges
N/A
Address
New Link Road, 501/531, Laxmi Mall, Laxmi Industrial Estate, Andheri (West), Mumbai, MH, IND, 400053
Garnet Construction Ltd is an India based real estate development company. It is principally engaged in the construction and sale of industrial, residential, and commercial plots. The residential projects of the company are Pyramid, Brillante, and Magic Hills; the commercial project is Garnet Palladium, and the industrial projects are Arkose Industrial Estate and Aditya Industrial Estate. It derives maximum revenue from the sale of land and plots. The group primarily operates in India.

Garnet Construction (BOM:526727) Headlines

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