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Gujarat Craft Industries (BOM:526965) Receivables Turnover : 2.09 (As of Mar. 2024)


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What is Gujarat Craft 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. Gujarat Craft Industries's Revenue for the three months ended in Mar. 2024 was ₹536 Mil. Gujarat Craft Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹257 Mil. Hence, Gujarat Craft Industries's Receivables Turnover for the three months ended in Mar. 2024 was 2.09.


Gujarat Craft Industries Receivables Turnover Historical Data

The historical data trend for Gujarat Craft 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.

* Premium members only.

Gujarat Craft Industries Receivables Turnover Chart

Gujarat Craft Industries 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 5.22 5.94 7.21 7.35 7.53

Gujarat Craft Industries 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 2.10 1.77 2.25 2.61 2.09

Competitive Comparison of Gujarat Craft Industries's Receivables Turnover

For the Packaging & Containers subindustry, Gujarat Craft 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.


Gujarat Craft Industries's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Gujarat Craft Industries's Receivables Turnover distribution charts can be found below:

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



Gujarat Craft Industries Receivables Turnover Calculation

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

Gujarat Craft 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 )
=1755.583 / ((209.152 + 257.091) / 2 )
=1755.583 / 233.1215
=7.53

Gujarat Craft Industries'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 )
=536.239 / ((0 + 257.091) / 1 )
=536.239 / 257.091
=2.09

* 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.


Gujarat Craft Industries  (BOM:526965) 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.


Gujarat Craft Industries Receivables Turnover Related Terms

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Gujarat Craft Industries (BOM:526965) Business Description

Traded in Other Exchanges
N/A
Address
Plot No 431, Santej - Vadsar Road, Village Santej, Taluka Kalol, Gandhinagar, GJ, IND, 382721
Gujarat Craft Industries Ltd operates in the packaging industry. The company is principally engaged in the manufacturing of tarpaulin, fabric, and sacks. Its product portfolio comprises NFI bag, FIBC bags, HDPE woven pipes, vermi beds, woven sacks, GEOMEMBRANE, Plastic sheet, jumbo bags and other products.

Gujarat Craft Industries (BOM:526965) Headlines

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