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Mangalam Seeds (BOM:539275) Receivables Turnover : 0.93 (As of Mar. 2024)


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What is Mangalam Seeds 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. Mangalam Seeds's Revenue for the three months ended in Mar. 2024 was ₹214 Mil. Mangalam Seeds's average Accounts Receivable for the three months ended in Mar. 2024 was ₹230 Mil. Hence, Mangalam Seeds's Receivables Turnover for the three months ended in Mar. 2024 was 0.93.


Mangalam Seeds Receivables Turnover Historical Data

The historical data trend for Mangalam Seeds'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.

Mangalam Seeds Receivables Turnover Chart

Mangalam Seeds 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 4.50 3.98 3.86 5.02 6.73

Mangalam Seeds 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 1.02 1.30 0.92 2.50 0.93

Competitive Comparison of Mangalam Seeds's Receivables Turnover

For the Agricultural Inputs subindustry, Mangalam Seeds'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.


Mangalam Seeds's Receivables Turnover Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Mangalam Seeds's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Mangalam Seeds's Receivables Turnover falls into.



Mangalam Seeds Receivables Turnover Calculation

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

Mangalam Seeds'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 )
=1123.628 / ((155.535 + 178.472) / 2 )
=1123.628 / 167.0035
=6.73

Mangalam Seeds'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 )
=213.778 / ((282.198 + 178.472) / 2 )
=213.778 / 230.335
=0.93

* 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.


Mangalam Seeds  (BOM:539275) 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.


Mangalam Seeds Receivables Turnover Related Terms

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Mangalam Seeds (BOM:539275) Business Description

Traded in Other Exchanges
N/A
Address
202, Sampada Complex, Mithakhali Six Roads, Behind Tulsi Complex, Navarangpura, Ahmedabad, GJ, IND, 380009
Mangalam Seeds Ltd is engaged in the production, sale, and marketing of agricultural seeds and chemicals. It operates in one segment that is Sale of seeds. The company offers products under categories, such as cotton, moong, cumin, castor, mustard, cumin, fennel, jawar fodder, and vegetable. The company has its marketing channel in Gujarat and Rajasthan, comprising of a number of distributors, dealers, and retailers to support marketing.

Mangalam Seeds (BOM:539275) Headlines

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