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Deep Diamond India (BOM:539559) Receivables Turnover : 2.83 (As of Sep. 2024)


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What is Deep Diamond India 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. Deep Diamond India's Revenue for the three months ended in Sep. 2024 was ₹3.00 Mil. Deep Diamond India's average Accounts Receivable for the three months ended in Sep. 2024 was ₹1.06 Mil. Hence, Deep Diamond India's Receivables Turnover for the three months ended in Sep. 2024 was 2.83.


Deep Diamond India Receivables Turnover Historical Data

The historical data trend for Deep Diamond India'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.

Deep Diamond India Receivables Turnover Chart

Deep Diamond India 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 1.57 1.19 3.24 4.91 1.24

Deep Diamond India 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 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 0.38 0.33 0.55 0.35 2.83

Competitive Comparison of Deep Diamond India's Receivables Turnover

For the Luxury Goods subindustry, Deep Diamond India'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.


Deep Diamond India's Receivables Turnover Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Deep Diamond India's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Deep Diamond India's Receivables Turnover falls into.



Deep Diamond India Receivables Turnover Calculation

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

Deep Diamond India'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 )
=25.561 / ((26.753 + 14.551) / 2 )
=25.561 / 20.652
=1.24

Deep Diamond India'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 )
=3 / ((0 + 1.06) / 1 )
=3 / 1.06
=2.83

* 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.


Deep Diamond India  (BOM:539559) 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.


Deep Diamond India Receivables Turnover Related Terms

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Deep Diamond India Business Description

Traded in Other Exchanges
N/A
Address
Chandavarkar Road, 309, 3rd Floor, V Star Plaza, Plot No. 16, Borivali West, Mumbai, MH, IND, 400092
Deep Diamond India Ltd is engaged in the manufacture and wholesale of gold set jewellery with diamonds. The company also deals in loose diamonds, solitaires, and gold frames. It offers Pendants, Nose pins, Rings, Bangles, Earrings, Pendant sets, Necklace sets, Bracelets, and others.

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