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Cantabil Retail India (BOM:533267) Receivables Turnover : 10.73 (As of Mar. 2024)


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What is Cantabil Retail India 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. Cantabil Retail India's Revenue for the three months ended in Mar. 2024 was ₹1,952 Mil. Cantabil Retail India's average Accounts Receivable for the three months ended in Mar. 2024 was ₹182 Mil. Hence, Cantabil Retail India's Receivables Turnover for the three months ended in Mar. 2024 was 10.73.


Cantabil Retail India Receivables Turnover Historical Data

The historical data trend for Cantabil Retail India'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.

Cantabil Retail India Receivables Turnover Chart

Cantabil Retail India 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 29.42 59.83 100.54 83.34 44.50

Cantabil Retail India 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 18.15 11.73 9.34 12.06 10.73

Competitive Comparison of Cantabil Retail India's Receivables Turnover

For the Apparel Manufacturing subindustry, Cantabil Retail India'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.


Cantabil Retail India's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Cantabil Retail India's Receivables Turnover falls into.



Cantabil Retail India Receivables Turnover Calculation

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

Cantabil Retail India'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 )
=6164.86 / ((95.271 + 181.824) / 2 )
=6164.86 / 138.5475
=44.50

Cantabil Retail India'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 )
=1951.576 / ((0 + 181.824) / 1 )
=1951.576 / 181.824
=10.73

* 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.


Cantabil Retail India  (BOM:533267) 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.


Cantabil Retail India Receivables Turnover Related Terms

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Cantabil Retail India (BOM:533267) Business Description

Traded in Other Exchanges
Address
Lawrence Road, B- 16, Ground Floor, Industrial Area, New Delhi, IND, 110 035
Cantabil Retail India Ltd is a garment manufacturing and retailing company. The principal business activities of the company include designing, manufacturing, branding, and retailing apparel through a chain of retail stores. The company also retails various accessories like ties, belts, socks, caps, and handkerchiefs under the same brand. Its segment includes Men's wear, Women's Wear, Kids Wear, and Accessories. The company generates maximum revenue from Men's Wear.

Cantabil Retail India (BOM:533267) Headlines

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