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Anjani Synthetics (BOM:531223) Receivables Turnover : 1.06 (As of Dec. 2024)


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What is Anjani Synthetics 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. Anjani Synthetics's Revenue for the three months ended in Dec. 2024 was ₹641 Mil. Anjani Synthetics's average Accounts Receivable for the three months ended in Dec. 2024 was ₹607 Mil. Hence, Anjani Synthetics's Receivables Turnover for the three months ended in Dec. 2024 was 1.06.


Anjani Synthetics Receivables Turnover Historical Data

The historical data trend for Anjani Synthetics'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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Anjani Synthetics Receivables Turnover Chart

Anjani Synthetics 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 3.38 2.40 2.65 3.13 2.92

Anjani Synthetics 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 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 0.62 0.78 0.54 0.88 1.06

Competitive Comparison of Anjani Synthetics's Receivables Turnover

For the Textile Manufacturing subindustry, Anjani Synthetics'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.


Anjani Synthetics's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Anjani Synthetics's Receivables Turnover falls into.


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Anjani Synthetics Receivables Turnover Calculation

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

Anjani Synthetics'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 )
=2529.704 / ((922.812 + 808.253) / 2 )
=2529.704 / 865.5325
=2.92

Anjani Synthetics'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 )
=640.943 / ((606.508 + 0) / 1 )
=640.943 / 606.508
=1.06

* 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.


Anjani Synthetics  (BOM:531223) 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.


Anjani Synthetics Receivables Turnover Related Terms

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Anjani Synthetics Business Description

Traded in Other Exchanges
N/A
Address
221 (Maliya), New Cloth Market, Opposite Raipur Gate, Ahmedabad, GJ, IND, 380002
Anjani Synthetics Ltd is engaged in the business of textiles, made-ups, and home textiles. The company is involved in cloth processing activity. It offers a range of products including Bedsheets, Dress materials, Shirting, Scarves, Flannel, Curtains, and others. The group sells its products in India and Outside India of which the majority portion of its revenue is earned within India.

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