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Bhilwara Technical Textiles (BOM:533108) Receivables Turnover : 2.05 (As of Jun. 2024)


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What is Bhilwara Technical Textiles 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. Bhilwara Technical Textiles's Revenue for the three months ended in Jun. 2024 was ₹12.7 Mil. Bhilwara Technical Textiles's average Accounts Receivable for the three months ended in Jun. 2024 was ₹6.2 Mil. Hence, Bhilwara Technical Textiles's Receivables Turnover for the three months ended in Jun. 2024 was 2.05.


Bhilwara Technical Textiles Receivables Turnover Historical Data

The historical data trend for Bhilwara Technical Textiles'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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Bhilwara Technical Textiles Receivables Turnover Chart

Bhilwara Technical Textiles 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 2.46 88.27 38.50 22.86 36.66

Bhilwara Technical Textiles Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 28.51 9.90 9.77 5.96 2.05

Competitive Comparison of Bhilwara Technical Textiles's Receivables Turnover

For the Textile Manufacturing subindustry, Bhilwara Technical Textiles'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.


Bhilwara Technical Textiles's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Bhilwara Technical Textiles's Receivables Turnover falls into.



Bhilwara Technical Textiles Receivables Turnover Calculation

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

Bhilwara Technical Textiles'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 )
=139.556 / ((1.403 + 6.21) / 2 )
=139.556 / 3.8065
=36.66

Bhilwara Technical Textiles's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

Receivables Turnover (Q: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Jun. 2024 ) / ((Accounts Receivable (Q: Mar. 2024 ) + Accounts Receivable (Q: Jun. 2024 )) / count )
=12.737 / ((6.21 + 0) / 1 )
=12.737 / 6.21
=2.05

* 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.


Bhilwara Technical Textiles  (BOM:533108) 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.


Bhilwara Technical Textiles Receivables Turnover Related Terms

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Bhilwara Technical Textiles Business Description

Traded in Other Exchanges
N/A
Address
Bhilwara Towers, A-12, Sector-1, Noida, UP, IND, 201301
Bhilwara Technical Textiles Ltd is engaged in the business of trading of yarns. The main objective of the company is to carry on the business of manufacturer, producer, dealer, importer, exporter, buyer, seller and dealer in and as broker, agent, stockist, distributor and supplier of all kinds of automotive and home furnishing fabrics, made-ups, apparels and other products, goods, nylon, articles and are made from or with cotton, silk, polyester, acrylic and other kinds of fiber.

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