Relaxo Footwears (BOM:530517) Receivables Turnover : 2.09 (As of Mar. 2024)

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What is Relaxo Footwears 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. Relaxo Footwears's Revenue for the three months ended in Mar. 2024 was ₹7,472 Mil. Relaxo Footwears's average Accounts Receivable for the three months ended in Mar. 2024 was ₹3,577 Mil. Hence, Relaxo Footwears's Receivables Turnover for the three months ended in Mar. 2024 was 2.09.

Relaxo Footwears Receivables Turnover Historical Data

The historical data trend for Relaxo Footwears'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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Relaxo Footwears Receivables Turnover Chart

Relaxo Footwears Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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12.13

13.27

12.28

10.68

9.28

Relaxo Footwears 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															2.83	2.73	-	-	2.09

Competitive Comparison of Relaxo Footwears's Receivables Turnover

For the Footwear & Accessories subindustry, Relaxo Footwears'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.

Relaxo Footwears's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Relaxo Footwears's Receivables Turnover falls into.

Relaxo Footwears Receivables Turnover Calculation

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

Relaxo Footwears'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 )
=	29140.6	/ (	(2703.4	+	3577.4)	/	2 )
=	29140.6	/	3140.4
=	9.28

Relaxo Footwears'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 )
=	7472.1	/ (	(0	+	3577.4)	/	1 )
=	7472.1	/	3577.4
=	2.09

Relaxo Footwears (BOM:530517) 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.

Relaxo Footwears Receivables Turnover Related Terms

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Relaxo Footwears (BOM:530517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Relaxo Footwears Ltd (BOM:530517) » Definitions » Receivables Turnover

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RELAXO:India

Address

Aggarwal City Square, Plot No. 10, Mangalam Palace, District Centre, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.relaxofootwear.com

Relaxo Footwears Ltd manufactures footwear in India that it sells under the brand names Flite, Bahamas, Hawaii, Sparx, Schoolmate, Elena, and Casualz. Roughly half of the company's production is non-leather footwear, including a wide variety of slippers. Relaxo sells its products directly through its company-owned retail stores and online shopping portal, and Relaxo sells its products wholesale to distributors and through export operations. The Company has only one segment Footwear and related products. The vast majority of sales are generated in India, where the company's hundreds of Relaxo Shoppe retail stores are located.

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