Polyspin Exports (BOM:539354) Receivables Turnover : 1.66 (As of Mar. 2024)

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What is Polyspin Exports 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. Polyspin Exports's Revenue for the three months ended in Mar. 2024 was ₹489 Mil. Polyspin Exports's average Accounts Receivable for the three months ended in Mar. 2024 was ₹295 Mil. Hence, Polyspin Exports's Receivables Turnover for the three months ended in Mar. 2024 was 1.66.

Polyspin Exports Receivables Turnover Historical Data

The historical data trend for Polyspin Exports'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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Polyspin Exports Receivables Turnover Chart

Polyspin Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

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7.14

9.25

8.28

5.75

6.55

Polyspin Exports 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															1.46	1.79	1.70	1.61	1.66

Competitive Comparison of Polyspin Exports's Receivables Turnover

For the Packaging & Containers subindustry, Polyspin Exports'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.

Polyspin Exports's Receivables Turnover Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Polyspin Exports's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Polyspin Exports's Receivables Turnover falls into.

Polyspin Exports Receivables Turnover Calculation

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

Polyspin Exports'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 )
=	2022.132	/ (	(322.362	+	294.857)	/	2 )
=	2022.132	/	308.6095
=	6.55

Polyspin Exports'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 )
=	488.787	/ (	(0	+	294.857)	/	1 )
=	488.787	/	294.857
=	1.66

Polyspin Exports (BOM:539354) 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.

Polyspin Exports Receivables Turnover Related Terms

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Polyspin Exports (BOM:539354) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Polyspin Exports Ltd (BOM:539354) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1, Railway Feeder Road, Cholapuram South, Rajapalayam, TN, IND, 626139

Website

http://www.polyspin.org

Polyspin Exports Ltd is engaged in the manufacturing, selling, and export of polypropylene woven flexible intermediate bulk container bags. It offers products, such as Baffle/Q bags, Tubular coated bags, Asbestos plate bags, Normal u-panel bags, Container bags, Full discharge bags, One/two-loop bags, Single/double/triple sift-proof bags, UN certified bags, Under sling bags, and Circular bulk bags. The segments of the group are FIBC Bags, Fabric, Yarn, which is the prime revenue driver; and Cotton Yarn. The group sells its products in India and also exports it to the other countries.

Polyspin Exports (BOM:539354) Headlines

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