Monte Carlo Fashions (BOM:538836) Receivables Turnover : 0.58 (As of Sep. 2024)

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What is Monte Carlo Fashions 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. Monte Carlo Fashions's Revenue for the three months ended in Sep. 2024 was ₹2,197 Mil. Monte Carlo Fashions's average Accounts Receivable for the three months ended in Sep. 2024 was ₹3,764 Mil. Hence, Monte Carlo Fashions's Receivables Turnover for the three months ended in Sep. 2024 was 0.58.

Monte Carlo Fashions Receivables Turnover Historical Data

The historical data trend for Monte Carlo Fashions'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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Monte Carlo Fashions Receivables Turnover Chart

Monte Carlo Fashions Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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3.07

2.58

3.69

3.49

2.83

Monte Carlo Fashions Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Receivables Turnover	Get a 7-Day Free Trial															0.60	1.42	0.55	0.34	0.58

Competitive Comparison of Monte Carlo Fashions's Receivables Turnover

For the Apparel Manufacturing subindustry, Monte Carlo Fashions'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.

Monte Carlo Fashions's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Monte Carlo Fashions's Receivables Turnover falls into.

Monte Carlo Fashions Receivables Turnover Calculation

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

Monte Carlo Fashions'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 )
=	10605.6	/ (	(3801.8	+	3700.8)	/	2 )
=	10605.6	/	3751.3
=	2.83

Monte Carlo Fashions's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	2197	/ (	(0	+	3763.9)	/	1 )
=	2197	/	3763.9
=	0.58

Monte Carlo Fashions (BOM:538836) 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.

Monte Carlo Fashions Receivables Turnover Related Terms

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Monte Carlo Fashions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Monte Carlo Fashions Ltd (BOM:538836) » Definitions » Receivables Turnover

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MONTECARLO:India

Address

B-XXIX-106, G.T. Road, Sherpur, Ludhiana, PB, IND, 141003

Website

https://www.montecarlocorporate.com

Monte Carlo Fashions Ltd is engaged in the manufacturing and trading of textile garments and clothing accessories. It offers products comprising of knitted and woven woolen apparel, cotton and cotton-blended apparel, kids wear, and home furnishing. The products are offered under its brand MONTE CARLO. The company's products reach the end-user through different channels, including brand outlets, multi-brand outlets, format outlets, and through e-commerce websites. The company generated revenue through exports as well as domestic sales; of which the revenue generated from domestic sales was the highest. Its business operation comprises of single operating segment of manufacturing or trading of textile garments.

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