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Abhishek (BOM:532831) Receivables Turnover : 5.34 (As of Dec. 2023)


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What is Abhishek 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. Abhishek's Revenue for the three months ended in Dec. 2023 was ₹8.93 Mil. Abhishek's average Accounts Receivable for the three months ended in Dec. 2023 was ₹1.67 Mil. Hence, Abhishek's Receivables Turnover for the three months ended in Dec. 2023 was 5.34.


Abhishek Receivables Turnover Historical Data

The historical data trend for Abhishek'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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Abhishek Receivables Turnover Chart

Abhishek Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.28 6.48 4.10 5.70 9.70

Abhishek Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 7.91 27.43 - 11.75 5.34

Competitive Comparison of Abhishek's Receivables Turnover

For the Textile Manufacturing subindustry, Abhishek'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.


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

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

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



Abhishek Receivables Turnover Calculation

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

Abhishek's Receivables Turnover for the fiscal year that ended in Mar. 2022 is calculated as

Receivables Turnover (A: Mar. 2022 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2022 ) / ((Accounts Receivable (A: Mar. 2021 ) + Accounts Receivable (A: Mar. 2022 )) / count )
=271.655 / ((30.504 + 25.525) / 2 )
=271.655 / 28.0145
=9.70

Abhishek'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 )
=8.927 / ((1.672 + 0) / 1 )
=8.927 / 1.672
=5.34

* 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.


Abhishek  (BOM:532831) 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.


Abhishek Receivables Turnover Related Terms

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Abhishek (BOM:532831) Business Description

Traded in Other Exchanges
N/A
Address
Kolhapur-Hupari Road, Gat No. 148, Tamgaon, Taluka Karveer, Kolhapur, MH, IND, 416234
Abhishek Corp Ltd is engaged in the textile business. The company manufactures cotton yarn and dyed yarn shirting fabrics. It produces specialty yarns for various uses in weaving, as well as knitting applications. The bulk of its production goes for yarn dyed fabric varieties.

Abhishek (BOM:532831) Headlines

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