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Beekay Niryat (BOM:539546) Receivables Turnover : 3.97 (As of Dec. 2023)


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What is Beekay Niryat 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. Beekay Niryat's Revenue for the three months ended in Dec. 2023 was ₹37.8 Mil. Beekay Niryat's average Accounts Receivable for the three months ended in Dec. 2023 was ₹9.5 Mil. Hence, Beekay Niryat's Receivables Turnover for the three months ended in Dec. 2023 was 3.97.


Beekay Niryat Receivables Turnover Historical Data

The historical data trend for Beekay Niryat'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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Beekay Niryat Receivables Turnover Chart

Beekay Niryat Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only 4.81 15.32 - 2.42 15.83

Beekay Niryat Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 2.64 6.78 5.32 6.63 3.97

Competitive Comparison of Beekay Niryat's Receivables Turnover

For the Textile Manufacturing subindustry, Beekay Niryat'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.


Beekay Niryat's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Beekay Niryat's Receivables Turnover falls into.



Beekay Niryat Receivables Turnover Calculation

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

Beekay Niryat's Receivables Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Receivables Turnover (A: Mar. 2023 )
=Revenue / Average Total Inventories
=Revenue (A: Mar. 2023 ) / ((Accounts Receivable (A: Mar. 2022 ) + Accounts Receivable (A: Mar. 2023 )) / count )
=184.83 / ((0 + 11.673) / 1 )
=184.83 / 11.673
=15.83

Beekay Niryat's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

Receivables Turnover (Q: Dec. 2023 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2023 ) / ((Accounts Receivable (Q: Sep. 2023 ) + Accounts Receivable (Q: Dec. 2023 )) / count )
=37.758 / ((9.502 + 0) / 1 )
=37.758 / 9.502
=3.97

* 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.


Beekay Niryat  (BOM:539546) 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.


Beekay Niryat Receivables Turnover Related Terms

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Beekay Niryat (BOM:539546) Business Description

Traded in Other Exchanges
N/A
Address
9, Hungerford Street, Kolkata, WB, IND, 700017
Beekay Niryat Ltd is an India based company. The firm is engaged in the Trading of Jute and Jute Products. The Company engaged in the export of leather, jute, handicrafts, and trading of commodities.

Beekay Niryat (BOM:539546) Headlines

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