Tribhovandas Bhimji Zaveri (BOM:534369) Receivables Turnover : 377.21 (As of Dec. 2024)

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What is Tribhovandas Bhimji Zaveri 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. Tribhovandas Bhimji Zaveri's Revenue for the three months ended in Dec. 2024 was ₹9,278 Mil. Tribhovandas Bhimji Zaveri's average Accounts Receivable for the three months ended in Dec. 2024 was ₹25 Mil. Hence, Tribhovandas Bhimji Zaveri's Receivables Turnover for the three months ended in Dec. 2024 was 377.21.

Tribhovandas Bhimji Zaveri Receivables Turnover Historical Data

The historical data trend for Tribhovandas Bhimji Zaveri'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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Tribhovandas Bhimji Zaveri Receivables Turnover Chart

Tribhovandas Bhimji Zaveri Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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125.40

419.15

735.78

1,489.66

258.89

Tribhovandas Bhimji Zaveri Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															355.89	31.34	36.90	230.52	377.21

Competitive Comparison of Tribhovandas Bhimji Zaveri's Receivables Turnover

For the Luxury Goods subindustry, Tribhovandas Bhimji Zaveri'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.

Tribhovandas Bhimji Zaveri's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tribhovandas Bhimji Zaveri's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tribhovandas Bhimji Zaveri's Receivables Turnover falls into.

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Tribhovandas Bhimji Zaveri Receivables Turnover Calculation

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

Tribhovandas Bhimji Zaveri'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 )
=	22987.886	/ (	(16.005	+	161.585)	/	2 )
=	22987.886	/	88.795
=	258.89

Tribhovandas Bhimji Zaveri's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	9278.118	/ (	(24.597	+	0)	/	1 )
=	9278.118	/	24.597
=	377.21

Tribhovandas Bhimji Zaveri (BOM:534369) 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.

Tribhovandas Bhimji Zaveri Receivables Turnover Related Terms

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Tribhovandas Bhimji Zaveri Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tribhovandas Bhimji Zaveri Ltd (BOM:534369) » Definitions » Receivables Turnover

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TBZ:India

Address

Free Press Journal Road, 1106 to 1121, 11th Floor, West Wing, Tulsiani Chambers, 212, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.tbztheoriginal.com

Tribhovandas Bhimji Zaveri Ltd is an Indian company engaged in manufacturing/trading and selling jewellery. Its product category is Gold, Diamond, Jadau, and, Platinum Jewellery. Its product range is Rings, Earrings, Necklaces, Mangalsutra, Pendants, Bangles, Bracelets, and Coins. The company provides jewellery for various occasions including weddings, festivals, everyday wear, and contemporary, and traditional wear. The company's business activity falls within a single primary business segment of Jewellery and one reportable geographical segment which is within India.

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