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SEL Manufacturing Co (BOM:532886) Receivables Turnover : 34.47 (As of Mar. 2024)


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What is SEL Manufacturing Co 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. SEL Manufacturing Co's Revenue for the three months ended in Mar. 2024 was ₹280 Mil. SEL Manufacturing Co's average Accounts Receivable for the three months ended in Mar. 2024 was ₹8 Mil. Hence, SEL Manufacturing Co's Receivables Turnover for the three months ended in Mar. 2024 was 34.47.


SEL Manufacturing Co Receivables Turnover Historical Data

The historical data trend for SEL Manufacturing Co'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.

SEL Manufacturing Co Receivables Turnover Chart

SEL Manufacturing Co 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 5.30 2.79 7.05 17.73 111.42

SEL Manufacturing Co 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 38.66 40.36 70.92 8.71 34.47

Competitive Comparison of SEL Manufacturing Co's Receivables Turnover

For the Textile Manufacturing subindustry, SEL Manufacturing Co'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.


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

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

* The bar in red indicates where SEL Manufacturing Co's Receivables Turnover falls into.



SEL Manufacturing Co Receivables Turnover Calculation

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

SEL Manufacturing Co'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 )
=3742.731 / ((59.056 + 8.126) / 2 )
=3742.731 / 33.591
=111.42

SEL Manufacturing Co'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 )
=280.091 / ((0 + 8.126) / 1 )
=280.091 / 8.126
=34.47

* 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.


SEL Manufacturing Co  (BOM:532886) 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.


SEL Manufacturing Co Receivables Turnover Related Terms

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SEL Manufacturing Co (BOM:532886) Business Description

Traded in Other Exchanges
Address
G.T. Road, 274, Dhandari Khurd, Ludhiana, PB, IND, 141014
SEL Manufacturing Co Ltd is an India-based vertically integrated multi-product textile company engaged in manufacturing various kinds of Knitted Garments, Terry Towels, Knitted and Processed Fabric, and various kinds of Yarn with production facilities located in different parts of India. It operates in a single segment of Manufacturing and processing of textile products. It operates geographically in India and outside India and it generates its majority of revenue from India.

SEL Manufacturing Co (BOM:532886) Headlines

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