Gokul Refoils & Solvent (BOM:532980) Receivables Turnover : 3.82 (As of Dec. 2023)

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What is Gokul Refoils & Solvent 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. Gokul Refoils & Solvent's Revenue for the three months ended in Dec. 2023 was ₹8,076 Mil. Gokul Refoils & Solvent's average Accounts Receivable for the three months ended in Dec. 2023 was ₹2,117 Mil. Hence, Gokul Refoils & Solvent's Receivables Turnover for the three months ended in Dec. 2023 was 3.82.

Gokul Refoils & Solvent Receivables Turnover Historical Data

The historical data trend for Gokul Refoils & Solvent'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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Gokul Refoils & Solvent Receivables Turnover Chart

Gokul Refoils & Solvent Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Receivables Turnover

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22.63

22.27

25.28

22.20

20.42

Gokul Refoils & Solvent Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Receivables Turnover	Get a 7-Day Free Trial															3.19	6.14	4.25	4.38	3.82

Competitive Comparison of Gokul Refoils & Solvent's Receivables Turnover

For the Packaged Foods subindustry, Gokul Refoils & Solvent'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.

Gokul Refoils & Solvent's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gokul Refoils & Solvent's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Gokul Refoils & Solvent's Receivables Turnover falls into.

Gokul Refoils & Solvent Receivables Turnover Calculation

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

Gokul Refoils & Solvent's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Receivables Turnover (A: Mar. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2023 )	/ (	(Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )
=	31228.931	/ (	(1674.862	+	1383.054)	/	2 )
=	31228.931	/	1528.958
=	20.42

Gokul Refoils & Solvent'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 )
=	8075.667	/ (	(2116.512	+	0)	/	1 )
=	8075.667	/	2116.512
=	3.82

Gokul Refoils & Solvent (BOM:532980) 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.

Gokul Refoils & Solvent Receivables Turnover Related Terms

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Gokul Refoils & Solvent (BOM:532980) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gokul Refoils & Solvent Ltd (BOM:532980) » Definitions » Receivables Turnover

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GOKUL:India

Address

Near Tapovan Circle, Gandhinagar Highway, Office No. 501, Fifth Floor, Block A, Gokul Pratham, Ahmedabad, GJ, IND, 382424

Website

http://www.gokulgroup.com

Gokul Refoils & Solvent Ltd is an India-based company engaged in agro-based commodities. It is engaged in the business of seed processing, solvent extraction, and refining of edible oils such as soya bean oil, cottonseed oil, palm oil (palm olein), sunflower oil, mustard oil, groundnut oil, vanaspati, and industrial oil such as castor oil. The company has one operating segment, which is dealing in edible-non-edible oils and related activities.

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