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Raghuvansh Agrofarms (BOM:538921) Receivables Turnover : 17.27 (As of Mar. 2024)


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What is Raghuvansh Agrofarms 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. Raghuvansh Agrofarms's Revenue for the six months ended in Mar. 2024 was ₹95.7 Mil. Raghuvansh Agrofarms's average Accounts Receivable for the six months ended in Mar. 2024 was ₹5.5 Mil. Hence, Raghuvansh Agrofarms's Receivables Turnover for the six months ended in Mar. 2024 was 17.27.


Raghuvansh Agrofarms Receivables Turnover Historical Data

The historical data trend for Raghuvansh Agrofarms'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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Raghuvansh Agrofarms Receivables Turnover Chart

Raghuvansh Agrofarms 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 1.00 14.07 4.44 2.25 22.84

Raghuvansh Agrofarms Semi-Annual Data
Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 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 2.18 0.88 1.15 4.06 17.27

Competitive Comparison of Raghuvansh Agrofarms's Receivables Turnover

For the Farm Products subindustry, Raghuvansh Agrofarms'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.


Raghuvansh Agrofarms's Receivables Turnover Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Raghuvansh Agrofarms's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Raghuvansh Agrofarms's Receivables Turnover falls into.



Raghuvansh Agrofarms Receivables Turnover Calculation

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

Raghuvansh Agrofarms'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 )
=139.675 / ((11.395 + 0.836) / 2 )
=139.675 / 6.1155
=22.84

Raghuvansh Agrofarms'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: Sep. 2023 ) + Accounts Receivable (Q: Mar. 2024 )) / count )
=95.704 / ((10.247 + 0.836) / 2 )
=95.704 / 5.5415
=17.27

* 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.


Raghuvansh Agrofarms  (BOM:538921) 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.


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Raghuvansh Agrofarms Business Description

Traded in Other Exchanges
N/A
Address
14/113, Civil Lines, Cabin No.559, Third Floor, Padam Tower-I, Kanpur, UP, IND, 208001
Raghuvansh Agrofarms Ltd is an Indian agricultural company engaged in the provision of agro commodity trading business. The company's activities include cultivation, processing, and distribution of agricultural products. It also involved in dairy farming and production and distribution of dairy products. The company offers financial, technical, strategic assistance to agricultural and dairy businesses. Its products cover organic vegetables, grains, milk, dairy, vermicompost, wheatgrass as well as fertilizers and ornamental plants.

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