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SPL Industries (BOM:532651) Receivables Turnover : 1.95 (As of Mar. 2024)


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What is SPL 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. SPL Industries's Revenue for the three months ended in Mar. 2024 was ₹686 Mil. SPL Industries's average Accounts Receivable for the three months ended in Mar. 2024 was ₹353 Mil. Hence, SPL Industries's Receivables Turnover for the three months ended in Mar. 2024 was 1.95.


SPL Industries Receivables Turnover Historical Data

The historical data trend for SPL 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.

SPL Industries Receivables Turnover Chart

SPL 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 4.90 4.70 6.23 7.24 6.13

SPL 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 1.86 1.94 3.97 2.97 1.95

Competitive Comparison of SPL Industries's Receivables Turnover

For the Apparel Manufacturing subindustry, SPL 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.


SPL Industries's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

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



SPL Industries Receivables Turnover Calculation

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

SPL 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 )
=1992.489 / ((296.919 + 352.718) / 2 )
=1992.489 / 324.8185
=6.13

SPL 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 )
=686.206 / ((0 + 352.718) / 1 )
=686.206 / 352.718
=1.95

* 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.


SPL Industries  (BOM:532651) 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.


SPL Industries Receivables Turnover Related Terms

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SPL Industries (BOM:532651) Business Description

Traded in Other Exchanges
Address
Plot Number 21, Sector-6, Faridabad, HR, IND, 121006
SPL Industries Ltd is a garment manufacturing company. The company's operating segment includes Manufacturing and Trading. It generates maximum revenue from the Trading segment. Geographically business activity is carried out through India.

SPL Industries (BOM:532651) Headlines

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