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Banaras Beads (BOM:526849) Receivables Turnover : 0.34 (As of Dec. 2023)


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What is Banaras Beads 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. Banaras Beads's Revenue for the three months ended in Dec. 2023 was ₹38.0 Mil. Banaras Beads's average Accounts Receivable for the three months ended in Dec. 2023 was ₹112.7 Mil. Hence, Banaras Beads's Receivables Turnover for the three months ended in Dec. 2023 was 0.34.


Banaras Beads Receivables Turnover Historical Data

The historical data trend for Banaras Beads'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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Banaras Beads Receivables Turnover Chart

Banaras Beads Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.95 47.18 13.05 6.62 4.81

Banaras Beads Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.31 1.26 1.00 0.84 0.34

Competitive Comparison of Banaras Beads's Receivables Turnover

For the Footwear & Accessories subindustry, Banaras Beads'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.


Banaras Beads's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Banaras Beads's Receivables Turnover falls into.



Banaras Beads Receivables Turnover Calculation

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

Banaras Beads's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=259.652 / ((45.913 + 61.992) / 2 )
=259.652 / 53.9525
=4.81

Banaras Beads's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=38.006 / ((112.744 + 0) / 1 )
=38.006 / 112.744
=0.34

* 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.


Banaras Beads  (BOM:526849) 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.


Banaras Beads Receivables Turnover Related Terms

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Banaras Beads (BOM:526849) Business Description

Traded in Other Exchanges
Address
A-1, Industrial Estate, Varanasi, UP, IND, 221 106
Banaras Beads Ltd operates in the beads industry. The company is involved in the manufacturing and exporting of handicraft items, such as glass beads necklaces, and imitation jewelry. The company also deals in Beads made from Clay, Brass, Aluminium, Copper, Ceramics, Resin, Horn, Bone, Semiprecious stones, Agate, Lac, Hand Painted Beads, Spray Painted Beads, and others.

Banaras Beads (BOM:526849) Headlines

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